We have entered Crude OIL Short & We still have a Short pending. The contract we a re currently in is the Darker red SL and the Blue Profit level
EURGBP has been trading bearish for quiet sometime now. We had a break of structure on the week of the 8th of February following by a Higher High @ 0.81122 area, right after that we had our Higher Low which was also the re-test of the trend line we just broke out of confirming our trend reversal.
We are ...
If Market retraces to the Yellow rectangle which is previous structure level & 23.6 Fibonacci Retracement and shows a buy signal then we'd buy with our first target at the Blue rectangle which is previous structure resistance & 38.2 Fibonacci Retracement once this zone is hit we'd trail our SL.
If and only if it ...
we have been following the trend for the last couple months, i recently posted a short position on the pop of the descending triangle on the daily. Now we have another opportunity to short this pair, Our first target will be 110.676 BUT if daily breaks a closes below this area we'll be holding for another level down
EURJPY has been on a descent downtrend for the las couple of months and approached a monthly support from which it bounced 3-4 times forming equal lows but lower highs forming a descending triangle.
if pattern completes our base range is around 1k pips so our target range is 1k meaning our full target from ...
we have a Possible long setting up on EURUSD if and only if we see a break above the 1.15 area, since EU has been playing Support and Resistance for the last couple months being 1.15 area a strong resistance & 1.04 area a strong support.
So far EG is behaving as expected after weekly candle closed below trend line and harmonic pattern was completed. First target was hit at the 127 Fib extension, short remains active looking for it to hit the next level within 24hrs