About meI'm a full time "online entrepreneur", but I mostly like trading the markets. I always had a passion for trading, it's very hard to describe in just a few words.I love the idea that with the help of today's technology your are able to make a living.
As I'm writing this I'm already sitting in a break even trade, but I think we have a possibility to test 72.50 area for stop loss hunting. Looks like it on that daily. Also my TDI indicator gave me a fine signal when I was entering.
I'm sitting in a long position on this one. My overall forecast is that it may break upper high at 1.2812
Looks promising on the daily and weekly charts, but I guess I'll just have to see. We my also have a support area to hold around 1.26 levels.
We can see that this price area is very significant. I could turn to a support and we can see further projection of price up to 1.11 area. There can be good entry points here on lower timeframes.
Let me know what you think! Cheers!
At the moment I see a possible head & shoulders pattern, and I was a little early, but I took a short trade as well with a 1:1 RR. There are significant levels below 1.2160 and 1:2074 We could see some LS hunting there but this whole thing is tricky... We can also easily see a spike as a rejection of these price levels, to shoot back up towards 1.24 as well......