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this seems like a nice area tp go long you have trend line support horizantal support plus 50% fib retracement plus a healthy risk to reward ratio happy trading to all
seems the bears are making a strong case for reversal here strong area of S/R IN THE PAST PLUS ITS A KEY PHSYC level healthy risk reward can be set here the big green candle tell the story here to me all that buying pressure and still couldnt get a close above the 1.5400 area lets see how it goes happy trading to all
this pair is under immense buying pressure so i figure the smart money who mised out already would be looking to jump in on the long side on the previous candle you see the wick or tail is giving a clear buying signal indicating that more buyers came into market im going long now with a stop just below the low of previous candle with a profit target at the next ...
this 1.3100 area is a strong area of S/R in the past the market seems to be trying to take a path toward the upside usually on trades like this you can get a favorable risk to reward ratio ill set a market entry order at 1.3110 with a stop of 30 pips and a take profit of 90 pips now this trade is a lil risky because im not waiting for the price action to guide ...
this pair is at a high propobility selling point strong down trend with a healthy retracement to the 61.8 fib level also you can set a high risk to reward stop and target here let see how it goes happy trading to all
the obvious trend on this pair is long this seems to be an ideal area to go long seeing how this markey seems to respect this long time trend line in a perfect world i would love to get in at 1.0250 with a 40 pip stop and a take profit at recnt highs of 1.0500
here is an interesting setup i found on the 15 minute aud chart a simple bounce from downward sloping resistance i would enter at touch of upper trendline with a 15 pip stop loss with a profit target at the 38.2 fibonacci retracement