Just a quick trade on the way to dinner. Divergent on the Macd, Once break upward trend. Looking to short 2nd red bar on macd. Entry 118.119 looking to short to 117.880 with SL at 118.327. Update, beautiful move as expected. Nice way to start the evening after a great day. For training purposes only. Remember to always trade your plan.
Descending flag towards support at 1.06000, additional confirmation with the overall trendline moving up. Two positions to be taken once flag is broken with TP1 at 1.07397 and TP2 at 1.07575. For training purposes only. As always trade your plan. Good Luck.
UPDATE. For trading purposes only. Always trade your plan. Closed this position with a nice return. Long run down into a strato trade; followed by a second drop to the target area. Only took six days, but well worth the outcome.
Beautiful set up on the 4 hour chart. Long run down into a rising wedge formation. Looking to short on the break past the trendline down toward 1.03500 range. For informational purposes only. Always trade your plan.
After a strong run down, we are making our way back up in a Flag Pattern . We have retraced the 4 hour chart reaching the . 618 retracement . Looking like a beautiful setup to 0.68828 with possible continuing to 0.67401. For informational purposes only. Trade your plan. Good luck.
Finally, a nice movement. Took longer expected but closed for nice profit. Entry was below Red and Blue Lines with long term trend in downward movement supported by pivot. For educational purposes only. Always, trade your plan.
Wasn't pretty, but just as effective. Both trades for profit. Above Red and Blue Lines, and Riding the cloud upward. I think it is starting to run out of steam and more than likely will start looking for retracement. For Educational Purposes Only. Always trade your plan.
We are not below the Red and Blue Lines, however, we are entering the cloud. As you know it could be a bumpy ride through before making a lower run, I would feel much better if the Red cloud was on the horizon, but It hasn't shown up yet. Thinking it will go lower, just not sure if today, tonight, or tomorrow. For Educational purposes. Not be relied on. Trade your plan.
Update from yesterday, both positions have been closed for profit. I believe the next move lower is on the horizon. Yesterday, our entries were above the Red and Blue Lines with long term trends indicating upward movements. For Educational Purposes only. Trade your Plan.