mkhan12

mkhan12

usdcad

mkhan12

h2 chart, been selling the down trend now at a level inline with my fib for point c, can see the counter trend line application in place, ma breaker on h2, tweezer bottom right in the highlighted blue region followed by a hammer candle stick, my bias on this is bullish in the long term, here is a potential trade setup, trade along with your own confluences etc.

mkhan12

Fib a,b,c looking for bullish price action to d1 at -27, entry upon breaker of h2 ma candle, got stopped out before, fib placement was not the best, this seems to be playing out better

mkhan12

looking for a downmove, to make fib c point around 61.8 78 %, will use ma startegy on h2 to follow this down, once at highlighted blue rectangle,looking for bullish oppertunity to go long -27%

mkhan12

looking for a fib set up a,b,c,d to aroung 61.8/ 78 percent level, along with the over all trend direction established at top down analysis, another confluence is that region lines up with a level of support marked in a blue ray, waiting game lets see.

mkhan12

H2 MA RETRACE BACK UP TO KEY LEVEL OF 1.65 MAYBE, BEFORE FOLLOWING TOP DOWN ANALYSIS OF DOWNWARD TREND, STOP ABOUT 30 PIP BELOW MA SPIKE ON 2HR, NEW MA STRATEGY LETS SEE HOW IT PLAYS OUT, DECENT RISK TO REWARD

mkhan12

long risk to reward 3.19 to 1

mkhan12

price broken to high coming back down to a support level, in line with the fibonnaci placed , looking foe bullish price action around the highlighted strip, lets see how this plays out

mkhan12

EUR JPY, STUCK IN BOX FORMATION, TWO BOUNCES OF 71.8 FIB LEVEL, AIMING FOR -27% WAITING FOR BREAK OUT,

mkhan12

any bias towards this ?