Hi There, If you have followed my previous posted idea when correction was forming you had a idea about this move. It was quite a powerful move towards upside. Now similar structure is underformation. But it we will not jump into this one until it fully forms and break the trendline. BUT WE WILL KEEP AN EYE BECAUSE IT CAN GIVE US GOOD PIPS> Stay safe.
Showing good support off the trend lines Used smaller time frame to go for a good entry and a small stop loss for big rewards. Also hit a low of 25 on RSI take profits set on fib retrace lines to the 0.618 Please follow me and like my idea it would be much appreciated
Don't forget to zoom out on higher time frame for a bigger pip trade. We posted a quick trade link below.
IF $ETH BREAKS 400$ COVINCINGLY, I'LL GO BIG..............BOOOOM
at 2:30 a.m (GMT+2). Australian trade balance data will be published. the increase was a positive factor for aud and it is estimated that the australia's trade balance has increased from 5800 USD to 5950 USD. if proven, it will support aud. technically, the aud is currently oversold on rsi daily
I’ve done the analysis on my other chart kept this clean for you lot to see
the secret of success is Big profit>>>>>>>>Small Loss
I took this trade on EURCAD and it can go beyond lower low
Relatively good sized trade I've picked up on this afternoon. Theres a couple resistance levels to take note of, the first one will be a retest before the price drops. This would not be an active trade until that resistance line is retested. Potential profit levels marked. Simple trend analysis trade.
Overall market structure is to the down side with weekly market structure(White). Currently on a pullback to .618fib that can be seen with daily market structure(Magenta). Two possible scenarios to sell. Brake structure and retest at .5 fib(Orange) or form double top and shoot down(Light Blue). Target is -.618fib(Green).
All, I think Groupon will recover at least x2 what it is now. First to 1.48, if it can break and hold then to around 2.15. I would short it at right about 2.05-2.15 and buy back in once it hits its support and confirms it. Could be good though. Ill update later.