As you see the latest support zone found a new level of support around 70000 and failed to break it on daily chart , on the other hand The price went up for a key area zone which is Very important for AUDUSD , because we have no important news on fundamental economic calendar for aud and the market is on a bullish move for a while, we can expect the market to...
use partial close after getting into the profit.
as you see an upside down head and shoulder pattern shown, the price break the neckline, but the retest didnt happened yet, so wait for the retest then place your buy order using proper risk management. use 0.01 for 100$ account 0.02 for 200$ account 0.10 For 300$ account 0.5 for 1000$ account use 1 lot for more than 1000$ accounts,
As you see the support trend of the structure break, price went for a retest and the price action shows Normal Green, red hammerback, Bearish simple candle, price action shows a possibility of reversal movement, The stop loss price is fixed, if the trend or news suddenly change the market structure, price may hot the stoploss, other wise, forst level of the fibo...
it seems that a simple flag trend is howing a downtrend movement, if it break the consolidation area , it may goes short, otherwise use a sell limit on second possibility. Relative Strength index is also on 30% showing that the buyers are reay to put their buy orders. dont forget to use SL, and proper risk management!~
Use proper risk management.
use proper risk management.
use proper risk management!
use proper risk management
I am bullish on EURJPY 1st reason: As you see, the daily bullish movement ended and the fibonacci level 0.236 is working very well on the last section. the price closed higher than the 0.236 level of fibonacci, it means that it may go higher than this level. 2nd reason: the bullish channel is working fine , also if we use the pitchfork tool , we will understand...