Entry: 0.8760 long
TP1: 0.88826 (fib 0.50)
TP2: 0.89123 (fib 0.618)
Tp3: 0.9008 (fib 1)
In daily chart, there are strong support where many times the price were stopped.
After I could confirm that W finished formed in 5 min chat, I got position.
EURJPY: I am thinking of selling around 131.5.
The beautiful double top will almost finished to form if the price break the support around 131.90.
The big amount trader will going to bring the price down. if we could follow their idea and trend, we can get big profit.
if there showed the fake out and coming back, I will think to buy again after I could confirm...
EURUSD broke the period of distribution zone and going to start the period of mark down.
Capturing this big trend is going to provide you with big profit.
Big amount trader finished making their short position and going to mark down little by little to the point they want to take profit.
Let's see whats gonna happen !
Long @ 1.6737
It's still forming in the uptrend although there formed head and shoulder.
This is typical setup that I often have long position.
The point is that the price has been moving in the range in the square but downward fake-out had happened.
In the terms of uptrend, if you see the downward trend in the uptrend, it only keeps short time.
So you still...
I will introduce about one of the setup I often trade.
The point where mach downward trend line and long term resistance like H1,H4, D1, is going to be very strong resistance.
In terms of the concept that the trend will keep going on, it seems down trend will keep going, which means selling pressure will be stronger.
I placed an order at 88.36 to short. TP...
if the resistance at 131.80 breaks, the the new high will be made and uptrend is going to keep going on to the next level.
I will set the buy stop at 131.80 and will see the trend is really going to hike.
if it's going down a bit, i do not care of it. because its bullish so badly.
Fibo extension that displays on the chart shows that the price has stopped at 0.786 fibo point.
Now I am waiting for the pull-back to 0.618 or 0.5 fibo point.
Those will become current resistance level, which many traders will trade.
So that I will set the sell stop at 108.18 and am waiting for it.
TP is open now and LC is only 5-10 pips. if the price goes up,...
According to the strong downward pressure in the long term, it's better to go short.
Break out point at 141.50 is seemingly good point to get short position.
if it go back in the range and keep consolidation, you have to cut the position at the previous highs.
if it goes down smoothly, the price will touch next support levels at 140.50.
The price has been supported well at 87.00. Although it's kind of bad situation to sell JPY because the North Korean geopolitical tensions, as the setup, I guess it's very nice and ideal pattern to get position.
If the strong support lays around 87.00 got broken out, then I will think to get short position.
My trading style is like fishing. Actually, Buying and Selling, I don't care which I do.
All it just need is to be able to lure either long or short feed.
If I could lure either of it, make sure that where I have to keep it to, if it goes wrong way,
decide where I should run away(loss cut).
Trading has to be very simple like this. when you trading, you don't...