On 10 Sep, the price did not fall enough to reach my "buy zone" and reached my first target. () Now, I am waiting for both short & long opportunities. If the price does not break above the blue level (where it was my first buy target), I am looking for short. In order to sell, I would like to see; - the candle closes around "A" box. - If it does, I will...
Daily candle closed above BB-1SD (Bollinger Band -1 Standard Deviation) on 11 Sep. I am looking for long around 0,70200 - 0.7000 level. These levels are confluence of; - round number - 4hour 21SMA (bollinger middle band) - Daily BB-1SD - Fib 50 - 61.8% level on Daily candle (not shown on the chart.)
My AUDJPY trading plan was perfect. It went up 120pips from my entry area. If you have not read my plan, please look click here . (or go to ) Now, I am still looking to buy Cable at retracement level. Daily BB-1SD (Bollinger Band -1Standard Deviation) level has moved slight lower. I am now looking for 1.53200 - 1.52500 area for long.
On daily chart, the price closed above BB-1SD (Bollinger Band -1 Standard Deviation) on 09 Sep, which means the market may go up for a short term. I am looking for long around 83.57 level where confluence of Daily BB-1SD, 4hour Middle Band and Fib 61.8% ( not shown on the chart.) if a bullish pattern is formed.
Last week, the price closed below BB+1SD (Bollinger Band +1 Standard Deviation), which means the market may move down for a short term. I was looking to short on a shorter time frame this week. Yesterday (08.09.2015), Inside Bar was formed at BB+2SD (Bollinger Band +2 Standard Deviation) and created a false breakout at previous high. Placed a spending order...
On daily, the price is about close above BB-1SD (Bollinger Band -1Standard Deviation), which means that the market may go up for short term. I am looking to long at retracement in the blue zone on 4 hour chart.