1h spinning top reversal at the 1.47 key level (top of the monthly and weekly consolidation/accumulation level). Expecting price to fall back to "fill the gap" and maybe reach 1.41000. Pending short set. Let's see what happens.
4h and 1h showing signs of a quick drop in price. Pending order set with 2:1 RR. Price could reject with previous structure and result in a double bottom which will close my trade early and switch to a long. For now, though, pending short awaits trigger.
Trade was triggered Friday.
Daily reversal pinbars and 4h inside bars prompted a pending long to be entered. Trade was triggered Friday and is currently green.
Will more than likely exit trade ahead of #brexit this week and secure profits.
Pending order set.
Price broke through 120 psych level. Strong bearish engulfing in the downtrend channel.
Daily shows inside bar/pin bar combo.
Price expected to continue down ahead of #brexit #EUref vote on Thursday. Small risk. 0.05%
TP - Initially 0.76148
Monthly - price nearing top of down trend channel co-located 0.800 psych resistance.
Weekly - Head/Shoulder then retrace to test 0.800
Daily - 4 pin bars. 3 of which are inside bars. This shows strong rejection off of 0.800.
Risk= 0.10 (39.6 pips).
RR= 7:1 initially.
Price has formed double bottom on support around the 105-106 area. expecting price to break north for a healthy profit.
If price breaks below AND closes below support, will change to short to follow the monthly trend.
Pending entry - 106.40
SL - 105.85
TP - 108.57