Muons

Muons

Price rebound from previous 38.2% fib level + 200MA shows confirmation on the up move of price. Current bullish channel observed also shows that analysis is in line with short term trend. Coupled with good R&R of 2:1 makes it a potential long trade.

Muons

Decent setup as seen in the EURUSD Chart. R&R not very high in this case but probability of profits are relatively high.

Muons

Rejection of chart by red 200 MA and short term downtrend shows an opportunity to do a short trade with decent R2R ratio

Muons

Previous evidence of chart respecting the RED MA line + short term downtrend shows potential shorting opportunities with high R2R ratio.