looking for the retest to the downside
should head towards the 1.1542 support area.
does anybody know any good Forex Managed Accounts. please send me info or contact details.
Stoch rsi and alerts sounding for a rise. prob by 9.30am gmt.
Squeeze indicator signals for a move to the downside but ill go with the euro/long
TIGHT STOP 15PIP
looks quite clear like the euro will go short. so will try a sell limit instead.
should have a long position considering how far north my entry is
check out a good trade previous to this one.
looking a retest of the green highlighted resistance area @ 1.2363 full target would be @ 1.2391
Sell the lower move after NFP down to the 42 area and support 3.
should complete by monday.
Update: move stop to Break even.
currently at 1.2246, may take profit at 1.2242
DOWN- RETRACEMENT AFTER NEWS.
I WILL TAKE PROFIT AT MAJOR SUPPORT LINE 1.2342
Analysis from Timing is Key.
Entry @ 1.2307
stop @ 1.2838
target @ 1.1320
So... R/R is 1.86 (risking £531 for £986 reward)
Could be a bounce up as we are at the mid channel area. gonna risk 50 pips from our mate KungsomTrader.
reward is 100 pips and entry is at 1.2302
stop @ 1.25166
tp @ 1.24008
going to play it safe and not trade the full length of the move towards support level at 1.23638
I THINK THE POUND WILL HEAD SOUTH THIS COMING WEEK - 01 DEC.
POSITION HAS ROOM FOR PRICE TO GO AGAINST US. RISK REWARD IS OK.
UPDATE: Stopped out for -88 pips. amateur wishful thinking.
Should have exitted with +44 pips. i should know better.
MAJOR SPENDING OF THE DOLLAR OVER BLACK FRIDAY SHOULD GIVE STRENGTH TO THE DOWNSIDE.
30PIP TARGET AND OVER 1.5 R\R.
PREDICT THAT PRICE WILL HEAD TOWARDS 1.2400.