Hi Traders i hope you all are doing well...
i am sorry but since i am new i am unable to identify the trend so i am just uploading an idea i clearly advice you to just wait and watch and wait for my update.
so we could see a clear market bearish trend from the support level 1.07245 the market retested it many times with the help of the USA high impact news it broke the trend line and came to the previous month to till date fibb 0.6% strong retracment level.
1) if you see the market taking support on the fib level and retest again we can go for a long for 1.06951.
IDEA-
Market order -1.06593
Tp1-1.06772
Tp2-1.06951
SL-1.06340/1.06180
2)if you see the market breaking the 1.06593 level with high volume before the Intrest rate news release i suggest you hold on for a sell position because the market might escalate to 1.06014 and beyond ....
I also Request you to take it in mind the market might be volatile and because of Interest rate release we could see manipulation in market....
If you ask me what would you go for i am holding currently a long position to close up @ 0.6% fib level.
NOTE-
You are trading at your own risk the above idea is just an suggestion. Please leave your valuable comments in the comments area
i am sorry but since i am new i am unable to identify the trend so i am just uploading an idea i clearly advice you to just wait and watch and wait for my update.
so we could see a clear market bearish trend from the support level 1.07245 the market retested it many times with the help of the USA high impact news it broke the trend line and came to the previous month to till date fibb 0.6% strong retracment level.
1) if you see the market taking support on the fib level and retest again we can go for a long for 1.06951.
IDEA-
Market order -1.06593
Tp1-1.06772
Tp2-1.06951
SL-1.06340/1.06180
2)if you see the market breaking the 1.06593 level with high volume before the Intrest rate news release i suggest you hold on for a sell position because the market might escalate to 1.06014 and beyond ....
I also Request you to take it in mind the market might be volatile and because of Interest rate release we could see manipulation in market....
If you ask me what would you go for i am holding currently a long position to close up @ 0.6% fib level.
NOTE-
You are trading at your own risk the above idea is just an suggestion. Please leave your valuable comments in the comments area
Trade closed: target reached:
As expected my long idea was closed with a good target level...