an idea on what's going on with EJ pair. Info: - 1 Day down trending - 4 Hr down trending - Broke 0.618 fibo line but still got 2 support at 135.731 What was on my mind: - Winning trade will go on SELL - Open trade if price below 0.764 fibo line - Looks a like bullish descending triangles - If price broke to the 0.764, price will go down to 1.176 fibo line ,...
Waiting for next week setup with options: ++ if price break the resistance line, setup win for bull but need confirmation to prevent false breakout, this can be solve by identifying price retest. ++ else, price break the support line, setup win for bear and confirmation is based on the main trend which is down trend. ++ also, need to watch out incoming news...
A rough week, look at the price forming "symmetrical triangle", two options, retest or continue down trend.
last setup was cancel and changes idea on going short when price reach fibo ext 1.272.
Before setup was cancel. Another setup is going Short idea if price reach to fibo ext 1.272.