Wait for confirmation of potential short.
Wait for the confirmation signal of potential downtrend.
short at: 139.998 first target : 139.484 second target : 130.076
short at: 0.76121 Target: 0.75640 Reason 1: The uptrend is actually the big downtrend's correction, after the correction finished, it continus the previous trend. Reason 2: The candle 10/03/2017 18:00:00 has a long shadow, means the uptrend is finished. the downtrend took over.
long at: 0.76129 Target: 0.76572 on 13/03/2017 at 17:00:00
I think this two pairs follows the same structure, I am expecting the same breakout. short at: 1.24937 Target: 1.22853 on 06/03/2017
I think it is a head and two shoulders. But I need to wait for the confirmation.
I have been trading this structure for about two weeks, and I was expecting this breakout opportunity. Short at: 139.818 First Target: 136.241 This is a very interesting pattern, also seen one in AUDUSD in 2016 November breakout
I think it is likely to go sideway base on this position. We may know in a few days.