clear break and retest of neckline forming. Now also reacting with the 50-61 fib region. this pair is in a strong descending channel and adds more confidence to my sell. Strong sell bias here for me. Happy trading team!
potential h and s formed. continuation of downtrend once neckline has broken. 100 pip + fall incoming
Huge potential on inv h+s on gold. currently retesting neckline.
shorting this pair. got in the pair with 2 lots at 105.700 and im going to hold this down to 103.577 nearing the neckline of the double top. then continue to hold on the final lot downwards of 101.600
Will short this pair if it retraces back to around the neckline at 135.600 and we get a clear rejection. the pair is in a strong decending channel. Using the fib tool, the 50-61% zone hits perfectly with the neck which adds more confluences and confidence to the trade. first initial targets will be: 133.795 131.962 with an overall target of 130.800 Happy trading!
looks to have broken the neck and is retesting . could be a good sell down before looking for a buy position far north!
Huge potential to sell from the right shoulder all the way down 500+ pips if neckline is broken. putting a small lot on and publishing this to see how it plays out.
good potential for 100+ pips with good R/R ratio. target of 97.600 with an overall target of 98.400
Will be looking at a re test of the neckline or a slight pull back before entering. tapped decending trend line. looks good for a short
tapped the 0.5-0.618 perfectly. won't be trading this pair but just my 2 cents on the pairs movements in the up coming weeks.
EURJPY in solid decending channel. looking for a slight re-tracement to around 119.750 before selling this pair.
Selling EURNZD as its back in the sell zone with a huge double top. Also floating at a previous decending trend line from 2011. time to catch some big pips !