Do you really know how lucky U are? ... this one is ready for U
Usually I dont place my Fx trading ideas because I´m selling them in zulutrade www.zulutrade.com/trader/350194 , but in this case will be a sin not doing it .... its so obvious that I can´t really believe it. You will have great profits from this one because is a long term trade.
In the 4H I see impulse correction and then ..... we will need this level to be broken downside for our next impulse.
So, first thing first. In my charts the blue line show you the weekly channel, the purple one the dayly channel and the pink the 4H channel. As you can see the weekly channel has been broken downside (few days ago price action was located in the bottom of the weekly channel), and now we are in the purple channel downside. Do you remember that market always leave us clues? For this one the blue psicodelic dots are showing us continued congestion in the same zone ..... go back and you cand see 3 times the same situation. Also watch the EXY and AXY indexes ..... both are in full divergence .... what I mean one is heading north and the other south so what else do you need?
Trading Plan A Breaking the Weekly Channel: Bear this pair EP 1.37200 TP1 1.33650 (this one will be critical) TP2 1.300 TP 3 1.25 TP 4 1.20569 ...... compare it with fibo levels and before price action ....... dont be greedy and take your profits 1 by 1 .... Your risk reward ratio for this one will be only 4.2 ... not so bad
Trading Plan B Returning to the Weely Channel and Breaknig the Daily Channel: I will ask you to watch the green and red box but remember you will need to go back to the 61.8 fibo level.
Good luck traders and remember don´t be so greedy, go 1 by 1.
In the 4H I see impulse correction and then ..... we will need this level to be broken downside for our next impulse.
So, first thing first. In my charts the blue line show you the weekly channel, the purple one the dayly channel and the pink the 4H channel. As you can see the weekly channel has been broken downside (few days ago price action was located in the bottom of the weekly channel), and now we are in the purple channel downside. Do you remember that market always leave us clues? For this one the blue psicodelic dots are showing us continued congestion in the same zone ..... go back and you cand see 3 times the same situation. Also watch the EXY and AXY indexes ..... both are in full divergence .... what I mean one is heading north and the other south so what else do you need?
Trading Plan A Breaking the Weekly Channel: Bear this pair EP 1.37200 TP1 1.33650 (this one will be critical) TP2 1.300 TP 3 1.25 TP 4 1.20569 ...... compare it with fibo levels and before price action ....... dont be greedy and take your profits 1 by 1 .... Your risk reward ratio for this one will be only 4.2 ... not so bad
Trading Plan B Returning to the Weely Channel and Breaknig the Daily Channel: I will ask you to watch the green and red box but remember you will need to go back to the 61.8 fibo level.
Good luck traders and remember don´t be so greedy, go 1 by 1.
Trade active:
Excuse me TP1 will be 1.36650
Trade active:
Again excuse me EP is 1.36650 ... I was so excited
