Looking for opportunities.. and I'm encouraged by the wick that was on Friday.
May open a small long position below that wick and then open a larger long position if we can break the daily descending channel to the upside.
Lets see how it plays out.
Took this trade earlier based on the 4 hour, and the lovely engulfing candle which you can see was my trigger candle.
Was in the middle of publishing when i had to rush off to do something.
Price hasn't really moved to far from my entry point, so i just thought i would bring it to your attention.
Little possibility for EURUSD
The pullback away from current structure doesn't look real strong to me and there isn't really a stand out candle to me that says there are many buyers at this level
So i am expecting the market to move lower.
Caught the short move down in the channel.
Now since it failed to touch the bottom of the descending channel and has broken to the upside I am going to long this pair soon as the market open.
0.76 Looks like a good area to get out, on the daily TF there are a lot of wicks at that level so hopefully it at least gets tested.
Will see how it plays out.
Waiting to enter this trade long if and when possible couple different scenarios for both opportunities
Either waiting for a solid break of the descending channel, or a double bottom at the 0.85 area
Will be looking for a short opportunity on the break and re-test of the 0.85 level
Lets see how it pans out
Momentum running out on EUR, broken a horizontal channel and a most recent support
Will be looking to enter at the close of this 4 hour candle which closes in just over 15mins
Could turn into a great little trade
Lets see how it goes.
Waiting for the pull back to this major level 0.85, and when it does i will be buying and depending on the price action i get i will be risking maybe 2-3% on the trade
0.85 Very strong level its held there 3 previous occasions before finally breaking through today.
Lets see how it plays out who knows we might not even get a re-test.
Any questions or thoughts...
This one may have a fair bit to go but I'm just putting it on everyone's radars who follows me.
Expect a bit of consolidation for quite a while but I'm expecting a break to the upside upon arrival at the trend support line.
Will see how it goes and will keep you guys updated.