The pair retested the Ichimoku cloud, and I will look to buy 1. If the Daily candle closes above the cloud 2. If price breaks the 0.5 Fib area, and 3. The Awesome Oscillator moves into positive and is green in colour
Use good money management. Trade with care.
Your comments and likes are appreciated... :D
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Price broke out of the cloud, and retraced back into the cloud before moving up again. Trade now in 120+ pips profit. You can book 50% profit, and put SL at break-even.
Comments
Greatdane
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Not trying to put you off, but be aware of triple resistance, daily kijun 142.44 weekly tenkan 142.35 monthly tenkan 142.60
Still, the resistance is 100 pips away, so on shorter timeframe, maybe.
Good luck
HumphreyNR
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@Greatdane,
Thanks mate. Well noted. I am looking at a buy if price breaks the 0.5 fib area (above 142.40). Would be careful with the 142.60 resistance though... :D
Still, the resistance is 100 pips away, so on shorter timeframe, maybe.
Good luck