Buy above 86.55. Stop loss at 86.11. Take profit at 87.78. Reason for the trading strategy (technically): Price has bounced up perfectly to our profit target from last week. Today we prepare to buy above major support at 86.55 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) for a bounce up to at least 87.78 resistance (price gap,...
Buy above 86.02. Stop loss at 85.72. Take profit at 87.01 and 87.38. Reason for the trading strategy (technically): Price has dropped perfectly towards our profit target. We prepare to buy above major support at 86.02 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a push up first to 87.01 (Fibonacci retracement, horizontal overlap...
Buy above 0.7969. Stop loss at 0.7911. Take profit at 0.8066. Reason for the trading strategy (technically): Price is now testing major support at 0.7969 (Fibonacci retracement, horizontal overlap support) and we expect to see a bounce above this level for a rise at least to 0.8066 resistance (Fibonacci extension, horizontal swing high resistance). RSI (34) is...
Lost the first trade set up today. Back in for more. Relatively certain once the eco news hits my analysis will shine through. 50k lot. Lines as before. Wish me some success! :)