Mid-long term short

Estimated Entry:$1.3697-$1.3733
Tp1:$1.348-1.315
Tp2:$1.287
Tp3:to be advised after breaking out $1.246

Comment:

1H chart: broken the wedge, retrace $1.3697 go short

Daily chart: AB=CD pattern in placed

Monthly chart: Bearish Gartley pattern in place, short for wave C
Tg:$1.18735-$1.12088

Trade active:

Effected at $1.37005

Comment:

added short from 1.37378

Comment:

4H chart: MACD bearish div., as long as it cross down, and price no making new high, go short.

Comment:

The bounce was rejected by 1.37334 today(see above chart), and MACD now is crossing down, continue to go south soon.

Comment:

1H chart: under resistant level $1.3713 is good for bear, potential “M” pattern in forming, once break neckline 1.364, will continue to go south

Comment:

Update weekly chart: seems like Wave c just started

Comment:

1H chart update: it's broken the neckline of "M", now pull back, still go short, once rejected

Comment:

the everage cost is $1.3696, so far only have 126 pips, slow motion for this pair,
1H chart update: it is moving one the way as expected, heading wave v tg:$1.3565

Daily chart update: daily candle bars tell us next leg just started, high possibilities to hit our tg: $1.35.

Trade closed manually

Comment:

The price bounce too fast, so decided to take profits first, and review the trending in next week

Comment:

4H chart update: It's hit Tp1,the support zone,more than 200pips now,will see some bounce from here,retrace $1.354 go short for tg:$1.34-1.33

Trade active:

entry 1.35222

Comment:

It's more than 100pips,wave 3 likely come to an end, I took profits first. And wait for a bounce to short again.
4H chart update: likely retrace 1.3445-1.3465,then go u turn

Comment:

1H chart update: the bounce just hit the resistant level in yesterday updated chart.
Now likely go U-turn.

Trade active:

$1.3465

Comment:

Daily chart update:
bear attack continuing, the bounce was rejected by $1.348, heading next tg:$1.329, once broke the trendline

Comment:

4H chart update: wave 4 correction was rejected by channel ceiling $1.35, go short for wave 5, tg:$1.32

Comment:

The daily closing candle looks bearish

Comment:

Both weekly &Monthly chart tell bearish, if it bounce,I will still try to find entry for short

Comment:

good chance to add more shorts here

Comment:

added1.3519

Comment:

4H chart update: once broke the channel bottom, next tg:$1.32

Comment:

4H chart update: Likely will bounce to test $1.349

Comment:

4H chart update:
short from 1.351

Comment:

Comment:

Weekly chart update: looking for more retracement

Comment:

The senior vice president Wilkins of CBC said, they will assess the need to reduce the intensity of stimulus, mainly due to the recent economic growth.

Comment:

Daily chart update:
Looking for a break out the support zone

Comment:

This strategy has taken more than 1 month, not easy to hold the positions till now, bcos it was too swing in last month, some may doubt if the trending were still bullish. our live acct. is following the strategy as well, the initial positions have more than 400pips, it is not the most profitable strategy in our history strategy. But, if plus the scalping trades, we ttly got $970+pips for this trade. I should mention that the profits are half, or, less half from a successful strategy, another half or more than half from good operation and risk management. That's why trading is not easy for us.

1H chart update:
short term scapling strategy is retrace $1.335 go short to tg:$1.324 exit

Trade closed: target reached:

It's very close to my tg:$1.324
i took profit at 1.3256 already and will wait for signals to sell on rally again.

Comment:

the low for today is 1.3188, TP1 final:$1.315 ,all tg hit perfectly.

Trade active:

short again $1.325
4H chart update:
see the revised wave counts, it's really a little complicated, bcos it swing for more than 1 year, and now just broken the channel.
i shorted for short term tg:$1.2972, mid term tg:$1.27-1.25

Comment:

for long term time frame, the structure looked more clear, it seems still large room for the short strategy. pls refer to blow long term view:

Comment:

4H chart update:
bounce to 1.329-1.33 go short

Trade active:

4H chart update: retracement done, added shorts at 1.3296

Comment:

4H chart, still good bearish looking, will add more short from 1.335.

Comment:

move sl to BE and still holding.

Trade active:

Fortunately the shorts from 1.3335 still there.
bearish trending continuing, short term bounce won't change the key trending.

Comment:

and regarding this, you will get better rewards soon.

Comment:

more than 100pips now, waiting for tg:1.303

Comment:

already 270pips, very close to our tg:$1.303, go, go, go, jia you

Comment:

target:$1.30382 reached perfectly, profit taken. and waiting for a bounce to short again

Trade closed: target reached

Comment:

4H chart update:
Wave iii likely completed here,will see some bounce

Comment:

4H chart update:
Waiting for a retracement to short again
estimated entry:$1.266-1.27

Trade closed: target reached:

Tp3:$1.246 reached.
Let's watch it bounce

Comment:

Totally 1277pips for this trade!!

Trade active:

short again from 1.255-1.264

Comment:

sl:1.272
Tp1:$1.249-1.241
Tp2:$1.232

Trade active:

shorted $1.26

Comment:

4H chart update: retraced our targeting price 1.2616
Tp1:$1.252
Tp2:$1.2272
Tp3:$1.21755

Comment:

4H chart update:
This is a plan for 1-2 weeks, need to wait for the entry with a little patience.
see the chart:

Trade active:

1st entry: 1.26778

Comment:

It just hit the 2nd entry:$1.273xx

Comment:

1H chart update:

Comment:

4H chart update:
Short again from $1.27557

Comment:

more than 100pips already, move sl to breakeven.

Comment:

4H chart update:
The crucial support$1.2636 was broken out firmly by a large bearish candle in yesterday, obviously the down trend continuing,heading next support level:$1.25632,and crucial support level $1.25134

Trade active:

added shorts 1.2675

Comment:

4H chart update:

Comment:

short term moving in decending wedge, likely will test $1.25

Trade closed: target reached:

final target $1.21755 reached!