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Pretty good looking setup on NC. Price is continuing to form next HH and HL. I see a nice break of the most recent high and expect a continuation to the upside.
First target 1:1
Second Target 0.64
Final Target 0.645
Beautiful setup to go short if it confirms. Nice rejection of 141.0 level with a strong bearish momentum to the downside. I will be waiting for price to close below the recent low for a possible move to the downside.
Same thing as the previous idea. GBP should be really strong after the Brexit deal was sealed. Technically this pair just broke the trendline with a beautiful retest. If we can have the price to break the blue line I will be looking to enter long.
I was in a short position on this trade, but closed in small profit last week. Right now looking at the price action we see some bulls joining the game.
Since EUR didn't open really strong and it is just Monday if this trade confirms I will be entering a position with only 0.5% risk.
Have a great week everyone!
While doing some backtesting I caught a crazy move to the downside that I just couldn't resist to share with You, plus adding some details about my strategy.
Hope you guys find this helpful! Cheers!
Just too many confirmations on this one technically. Broken trendline, retest, double top, golden zone fib retracement. I will wait for 2H candle to close below the blue level. If the candle is strong and bearish I will be risking 2% on this trade. Cheers!
NZD/CHF had a big push down after that it started having an consolidation faze and them some market manipulation to grab some profits from retail traders. I think it is the end of it and if we can get a nice bullish candle to close above the blue level it will be a nice indication that price will continue pushing higher. Cheers
If we can get a nice bearish close below the blue line these is a great opportunity to sell this pair.
After breaking the trendline we saw Bulls trying to get back in control by making a higher high but bears a still under control and strong close below the level would be a great indication of a move to the downside.