A POSSIBLE LONG... We need to see trading ABOVE 2.3520's for this trade to be instrumental to us. A close at this level and a new open on the daily would be even better.
Best of luck, Regards Tom
Comments
IvanLabrie
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Stop it Tom, seriously, you're starting to spook me. :p
(my setup: oversold dip in uptrend, buying above that daily high haha)
The stop is a bit too wide for my taste, so I'll just trade the pair (long gbpusd, and short nzdusd with no SL).
IvanLabrie
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TomProTrader
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Even my stop loss is in the same place! This is so weird haha
Regards
Tom
TomProTrader
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Sounds good
The_Cannalyst
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hey..thx for sharing..i had the idea :-) here is my vire of the pair: The break of the last valid "2" @ 2,3383 shooted the pair to its target @ 2,4045. Since this High was formed we can see a healthy consolidation. Till now this consolidation ended between the 38,2 and 0,5 fibo-retracement - exactly where the breakout level is based. Thats possibly a good basis for a new jump.
-Prices above 2,37 will trigger the triangle/flag This will generate a target on the upside @ TP1 2,4045 and above that level TP2 @ 2,47.
-Prices below the breakoutllevel @ 2,3383 the midterm trend chanel is hurt. That generates the risk that the price can drop to 2,26.
Former analysis:
If the pair can trade above the "2", the buyingsignal is active. TP= have a look @ the chart
moneymaking
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Nice one mate, Market is starting to turn to the upside. All the BEST :)
(my setup: oversold dip in uptrend, buying above that daily high haha)
The stop is a bit too wide for my taste, so I'll just trade the pair (long gbpusd, and short nzdusd with no SL).