as on picture - AB=CD. Target - equal to left 'shoulder', SL - 1.27 of CD, as there is strong demand zone (I guess) - so just below + buffer for china news.
as on picture.
as on picture? who knows... I will be observing :-)
as on picture. re-entered as my first SL was 1.22 of CD :(
2 position as usually - one for unpatients traders, one for patient ones :-)
Erm, it is difficult to trade EUR short and AUD long - it's just risky, but TA is TA...
as on picture. and as usually. abcd and 2 position as 1st is on strong S/R and risk price would not touch proper entry :)
It's kind of risky but it's forex. 2 positions - one is 'now' another 'limit'. TP the same, SL the same.
Technically I'd expect lower price at c.a. .745, however given GBP is very weak and no signals for change, I entered in 1/2 of position now, and other half set limit. We will se.. SL is below S/R zone.
There is chance for more shorts here - AB=CD running correction, visible reaction on 0.7. Target - 1.272 confluences. I know - quite ambitious :-) 2 positions - one now, one is limit.
I think I am trading my bias it is impulse on H4, so small correctio was good to take position. Small chance for inverted Shoulder-Head-Shoulder, but actually I do not believe in it - lack of new tops is strong bearish signal plus consolidation around 1.00 - I should not buy.
My idea is than price may form Shoulder-Head-Shoulder by backtesting pinky S/R and then go down through 'comfort zone', breakout redish zone, retest and do further down. Another concept may be go up - the same retest ideas. But more probable is move down. Well - forex is just about probability and statistics ;)
Heh, made analysis and dont know why I did not trade it...
As on picture
There is blueish zone, and potential AB=CD - if end in this zone - could work.