Reasons to enter:
1. Price rejection of EMA 21.
2. Black trendline was respeted and touched for the 3rd time, am expecting it to bear down again.
3. Weekly support now becomes resistance and was tested again. Rejection from the weekly support 1.17500 , means weekly resistance is still strong.
4. Fibo level 38.2% and 50% was met, and bounce back downwards after touching 50%, am expecting it to hit at least 0% or even -27.2%.
5. Lower lows and lower highs are forming, am expecting another lower low to form ;P
*You guys can wait for another H4 candle form and enter the trade*
EP: 1.1768
TP: 1.1660 (108 pips)
SL: 1.1805 (42 pips)
Happy Trading and do take extra careful as tomorrow got Eur and Usd speak, and ADP on wednesday night, NFP at friday night! =D
1. Price rejection of EMA 21.
2. Black trendline was respeted and touched for the 3rd time, am expecting it to bear down again.
3. Weekly support now becomes resistance and was tested again. Rejection from the weekly support 1.17500 , means weekly resistance is still strong.
4. Fibo level 38.2% and 50% was met, and bounce back downwards after touching 50%, am expecting it to hit at least 0% or even -27.2%.
5. Lower lows and lower highs are forming, am expecting another lower low to form ;P
*You guys can wait for another H4 candle form and enter the trade*
EP: 1.1768
TP: 1.1660 (108 pips)
SL: 1.1805 (42 pips)
Happy Trading and do take extra careful as tomorrow got Eur and Usd speak, and ADP on wednesday night, NFP at friday night! =D
Trade active:
Still holding a profit of 7 pips! Keep it going 61.8% fibo level, holding strong with the resistance at there! =D Down down down EU.
Trade closed manually:
Closed my trade at about 1.1670, manage to grab about 98 pips on this trade. Still a success trade although TP was not met. Will come back next week! :P
