LONG POSITION:
Weekly has now formed a bullish engulfing
pattern at 61.8 level as well as bouncing of
the Weekly Support level of 1.31200
and officially closing above the Weekly
Resistance level of 1.32600
I am now expecting an upwards trend continuation
to the Monthly Resistance level of 1.36500
Swing traders that use the daily and 4 Hour time frames
I...
SHORT POSITION:
Price has broken and retested the upwards
channel as well as resistance.
Now waiting for entry at resistance or enter
depending on market open.
HOWEVER:
Price has already broke and retested
and has double topped on the 1H time
frame, therefore if I enter the RR may
not be as appealing.
SHORT POSITION:
Waiting for a break of this consolidation
phase
If consolidation breaks below structure
zone I will then wait for a retest back to
resistance before shorting this position
HOWEVER:
Since price is in consolidation at support
it could break out towards the upside
SHORT POSITION:
Price has already broke and retested the upwards trend channel, resistance
and 0.382 Fib retracement level
Waiting for entries on this pair depending on market open on the {11/02.19}
I will enter straight away but if market gaps up I will wait for a second retest at
the resistance level and 0.382 Fibonacci Retracement Level before going SHORT.
SHORT POSITION:
Market is currently in an upwards trend channel, however this channel
has now been broken and retested at the channel, resistance and
Fibonacci level of 0.382
Since price has already broke and retested I am now looking for an entry
since I hesitated the initial retest during last weeks session.
Another idea is to wait for price to...
SHORT POSITION:
Price has broken upwards channel and
Weekly Support of 0.71600
Now waiting for the retest back to 38.2 or
0.50 Fib retracement level to then enter the
short position
If price breaks past both these level I will
wait to see if the daily time frame will form
a H&S pattern and enter a position
HOWEVER:
If price breaks both Fib retacement...
