1) Waiting for confirmation of the break. (must break the cloud, the trend line and find support above it) 2) If the trend line breaks, then waiting for the retracement into the 0,236. Note: the market may go below the 0,236 to find support on the trend line (previous resistance). My two targets are on the chart. Rejection of the trend line invalidates this...
Stop below the resistance (blue) When tp hit, look if market comes down and break Sell the break out Stop above previous tp
I think the market will try to touch the 618 retracement. The chance that it never touch the 618 is possible because I see some good resistance to go through the kumo. Although, a valid break of the kumo may indicate a new higher high
Channel break. Potential big move down. Low risk.
I see buy opportunity. If correct, monday 02/05/2016 will make a correction down before going up. Waiting for the confirmation.
I'm waiting for a double top or some spike through the resistance line before going short. If the market makes another move, i'll be looking for other opportunities.
Waiting for a clear retest of the support. Trade is invalid when support break TP 110.276 (a little under 0.618) SL 107.580
I'm prepared to go long on eurusd. Expecting a strong move up. I'll put a TP at 1.16176. If needed, closing earlier.
RSI looks almost oversold, building up a rebounce. Head and Shoulder will be invalid in that case. But looking for a break of support 1.4285 will maybe complete the head and shoulders