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Sell below 86.52. Stop loss at 86.75. Take profit at 85.63. Reason for the trading strategy (technically): We remain bearish below 86.52 resistance (Fibonacci projection, Fibonacci retracement) for a drop to 85.63 first (Fibonacci retracement, horizontal overlap support). Stochastic (21,5,3) is seeing a nice reaction off our 94% resistance level.
If you want to keep updated on this trade join our free signal channel,link in my bio!!!
If you want to keep updated on this trade,join our free signal channel clicking the link in my bio
If you want to keep updated on this trade click the link in my bio to join our free signal group!!!
Intraday levels for 20.1.2017 I use PT 10 pips, SL 12 pips. Happy trading
we have a good set up but price have reached a very strong daily resitence so we must wait and see how price behaves the next hours,if we se a pullback making candles holding our red 38% fib and closing above it we will buy it with a 1:3 risk reward trade If you wish to follow and keep updated on this trade click the link in my Bio. HAPPY TRADING!!
-If we go to the daily timeframe, price broke bullsih daily trend then making a retest where the red circle is,this retest is also made on a weekly PRZ zone with a matching point in the 38.2% weekly fib. confirming a daily downtrend -Price is trapped btwn 2 daily PRZ, so what we gonna do is follow the trend,wait for the price to make a new LH below the...
-If we go to the daily timeframe, price broke bullsih daily trend then making a retest where the red circle is,this retest is also made on a weekly PRZ zone with a matching point in the 38.2% weekly fib. confirming a daily downtrend -Price is trapped btwn 2 daily PRZ, so what we gonna do is follow the trend,wait for the price to make a new LH below the...
We aint gonna sell yet we gonna wait how the next 4h and 1d candle closes,if it closes below 23% daily fib,we can expect a drop since we will have a 5 daily candle confirmation of rejection of the previous structure...be patient and wait If u wanna keep updated on this trade click the link in my BIO and join our free signal chat
Sicne our last set up hit out 60 pip SL we gonna wait on this pair,until it decides what direction to take...explained on the chart click the link in my bio to join our Free signal channel
Price is making LH and LL in the daily and 4h timeframe,also got a perfect rejection of the 38% weekly fib level following the trendline,also we have a important and good PRZ that now is a resitence and price has been holdin and closing below it very nice,after i see a complete rejection on the 4h and bearish momentum we gonna star selling with a 1:3 risk reward trade
We previously mentioned the technical reasons in AUD/USD as follows: 1. The market is currently hovering at 0.7350 area (the downtrend channel resistance is seen in the chart) 2. The confluence of resistance lies in 4H chart (200 SMA and 61.8% fib.retracements) at 0.7350 area Note that tomorrow asian fx sessions will deliver the AUD retail sales data and China...
Price is respecting the current downtrend making LH and LL also getti nrejection on the t daily trendline ,what gave me enough confirmation was the big inverted hammer made on our matching point with the weekly 61% ,daily 50% fib andprz zone with the downtrend line so now ima sell it with a 1:1 risk reward
Price is respecting the current downtrend making LH and LL also getti nrejection on the t daily trendline ,what gave me enough confirmation was the big inverted hammer made on our matching point with the weekly 61% ,daily 50% fib andprz zone with the downtrend line so now ima sell it with a 1:1 risk reward
4 shadows at th daily trend line ,fib weekly rejections and mp plus PRZ zones
Price is respecting the trend line of the daily timeframe creating 2 prevoius shadows at t it so that pus the trend line it is making another confirmation lets wait h how today candles closes if it does below the 50% fib daily and below the trend i would start shorting it with a 1:2 risk reward