description of why i entered this trade on chart. PERSONALLY i think gold is in an uptrend already so i always go with the trend because it is everyones friend. We had a fibonacci retracement at the 38.20% area. EMA's cross over to the upside. Also break and close above daily/4hr resistance. this is a swing trade most likely going to be held over the weekend.
short the eur/usd because we have break and retest of TL. Series of LH's and LL's, EMA's are crossed to downside. Monthly key level of support is next target. R/R:1:1.32
description on the page break and retest strategy going short, weekly key level is target.
eur/jpy short trade. First entry was because of break and retest of monthly key level and ma crossover. Second entry was because of fib retracement at 50% and also extra confluence with retest of monthly key level, and also MA cross over.
Im long on this pair because of these two strong support and resistance trendlines. Also Moving averages have crossed to the upside. SL: 1201.9 ENTRY:1209.0 TP:1224.8
BREAK OF STRONG WEEKLT TREND LINE SUPPORT AND MA CROSSOVER, COULD SEE BIG BEARISH BREAKOUT SOON.
I AM LONG BECAUSE OF KEY SUPPORT LEVEL ACTING STRONG AND TREND LINES WHICH SHOWING STRONG SUPPORT ALSO. APPLIED FIB AND A RETRACEMENT OFF 78.6% WE CAN SEE BUT THE A BEARISH AND BULLISH ENGULFING CANDLE CAN BE SEEN IN WHICH I HADN'T ENTERED YET WAS WAITING FOR THE PRICE TO REACH THE 50% FIB AREA.
please comment your thoughts. LOND POSITION BECAUSE OF BREAK ABOVE STRONG TREND LINE RESISTANCE AND MA CROSS OVER AND FIB ADDED