AUDCHF, we draw on our Fibonacci and we get the drop touching the 50% fib and now we can expect a pullback towards our weekly key area of 0.71899 and continued drop. Will wait for confirmations but I will enter a quick scalp with 15-20 pip risk in my private channel to test the waters.
AUDCHF SELL LIMIT
Stop loss: 0.72079
*-Price broke through the trendline and possibly will retest it.
*-On lower timeframe we see price is making lower lows and lower highs.
*-The retest of the trendline fits perfectly with fibonacci retracements.
*-If this setup is executed I'm place my stop loss just above the resistance
zone in case I'm wrong on this.
*-My take profit will be...
Hi All ,
I will be placing a sell limit at 149.524 . If we have a fake breakout from that resistance level , I will add more second sell position manually . If price respect that resistance level I will add all my sell positions with a target of 145.217.
With Brexit , there's no possibility of a breakthrough to 152.000 like we had in Sept 2017.
So all in all...
Using the bigger picture, I have noted a few key areas worth watching to use as targets and entries for short positions.
This trade idea will be discussed during the Feb 4 - 8 live sessions.
I am not a financial advisor and trading involves risk... practice with your demo account.
Pure price action
Hi everyone. here is a possible down trend continuation. 100 pip for 38% retracement with a pending Buy limit order off the strong support. Sell Limit off the resistance for the down trend continuation.
feel free to let know what you think about this analyzes.