The history never lies, yes, I get something interesting that channel lines we have today are repeated from 2009 and 2002.
So I think I will always buy for this pair and sometime going to sell if I see a deep correction.
So, good luck and don't forget use your money management rule.
Generally, I see GBPUSD are under pressure for this week and this pair going to meet with 0,23% Fibonacci and support trendline which is tested for twice.
I set my trading for buying GBPUSD with TP for 93 pips and then I will sell with TP 200 pips. If my setup with sell trade fails I still have about 20 pips in my pocket, so that's okay.
In weekly chart you will...
I see AUDUSD pair form Head and Shoulder formation but it is also confirmed that this pair reach the support trendline 3 times.
So, my assumption is this pair will going to 0,61% Fibonacci and if it broken, it will extend it's move to 0,78%.
In 0,78 Fibonacci you can see there are 2 resistance line, horizontal and the trendline. I think it will be strong enough...
Hello guys, I want to share my opnion for EURAUD
For this moment I miss to sell this pair and I don't want to enter the trade because it is about 1:1 risk, and I don't want it.
I'm setting sell limit for 1.47403 with SL about 0,7% (in 1.46060) to prevent if there are any false break (like happened at 14th Sept 2016) and TP @1.50619 (100% Fibonacci and below the...