As stated in the chart
follow the instruction in the chart. buy when break up line, sell when break down line.
take only 18 pip in less than 4 hours
HEDGING STRATEGY.... BUY AND SELL AT THE SAME TIME CONTINUOUSLY
Short term Trading....
wait for price to move , entry when price hit the entry point (can be up or down) and wait untill it hit the TP.
WILL it forms Head and Shoulder Pattern as shown in the diagram???????....
WILL IT FORM HEAD AND SHOULDER????If it does then the price will consolidate to 140.05 and maybe further down to 139.80 and later will bounce to 140.80 and further bounce to 141.00...... will this be the case???????
Sell only if breaks the triangle on yhe downside.... if not breaks the chart is INVALIDATED
Awaiting breakout or rebound at the Support line
Where will the price move to??????
RETRACE AND WILL REBOUND TO R1.....
Only entry when clear breakout of pivot, which is a confirmation candle - open of second candle after breakout... above pivot)
short term buy but careful... TP small pip
consolidate and go up to 143.70
Buy- if breaks triangle with TP at R2 daily (139.50)
and TP2 at R1 Weekly (140.00)
Sell- If breaks suport (triangle = 0.764 Fibo)
TP 1 at Pivot (138.70), TP2 at 138.40
the price will move up a little bit and ultimately will reverse to downside since the negative divergence occur on the macd and rsi.