I started this position yesterday and forgot to chart it. Anyways, I just added to it. Check weekly, its developed a flat top triangle which I believe it will break out to the upside.
We shorted last week after a long entry didn't work, so now it looks like its ready to go north. MA cross, initial push, retrace and oversold.
OK, so it wanted to go down a little further before giving us a trade. Looks we have the initial push up now.
OK, I cheated, I'm already in because this is a nice carry trade. But.... this 60m chart is classic Salvo entry. MA cross, retrace, and then overbought. And.. we have targets! Good to go on 480m and weekly chart.
US unemployment in 5 minutes so I'm watching closely for entry..
I took this up a ways now I'm watching for the retrace and back up again. Weekly looks good for continuing up. I may try to ride it down it I get the right entry.
Alright I still have a small piece from the 1st trade. Now, this really looks good for another entry. MAs show uptrend nicely and we have a retrace to enter on. Going to 2nd target.
I'm planning this trade to go a ways. Nice carry.
I just posted a weekly chart that shows what's happening long term. I'm in quicker than I thought so my initial position isn't that big so I have to add somewhere. There is a long way to go so this is going to go up and down a while...
A week or so ago I thought this might attempt a move up, but the end of last week had a strong move down. I'm watching the 650m for entry. Could be headed to support at 1.3785
A few days ago we thought there was a chance this pair could break to the upside. With this move down, we are going to get in short somewhere.
I had tight stop on previous ugly entry. Now we have a second shot at nice entry.
I'm updating this form last time. Makes a little more sense now. We've come back to the trend line.
If you can't beat them, join them. With all the analysis to the upside we got stopped out. Well now a solid signal to go down. MA cross, Retrace, and Oversold %R
I'm watching this closely now on my 60m entry chart.
Keeping an eye on this baby now to the upside.
A flat top triangle is developing. I am watching for a break out to upside. At the very moment it looks like .7500 is holding.
So the weekly and 480m give us bullish indications so I was looking for an entry. Well it s ugly but we have a MA cross and OS. The flat top triangle also shows we may have a breakout to the upside. I'm keeping a stop on this one.