By 1:30 Lagos time zone, the big news will be out. Be patient enough to hold on on any entry you found before then. I'll advice you only start making decisions by 1:25pm, then you'll know what you pending order value would be(stop orders, buy or sell).
You can take out your profit as it's at a critical as confirmed by the Fibonacci retracement. H4 is still running though.
You can take out the little profit at this first point on M30. Might go more on H4.
Just a brief idea of what may be happening. Ahead of the NFP news today at 1:30Pm.
It's at my Take Profit right now! Just go through my previous analysis to learn. Follow me for more!
Is this a whirlwind effect of other currencies going stronger against USD. a false breakout OR just Retesing my first broken support?! Yeah according to my analysis, I'm still somewhat neutral though there was what seemed to be a false breakout on it's support and that's just due to the effect of other currencies going stronger on USD. Whirlwind effect touching...
To continue with the trade. Place your stop loss at the back of the last completed candlestick of on the HR Timeframe!
It comes with a buy signal. Go on a long position with a sharp stop loss!
There is a little buy for catch before the market decides on the breakout of the pattern's trendlines.
You can choose to Buy now OR wait for a sell. It's a buy on for a short while, a sell is coming soon.
There is an important Text on the chart Read it pls.
It on the chart! The diagram is fully self explanatory.
1. Work with the R and S levels and a perfect stop loss. 2. Don't be greedy, take out your profits in the appropriate times.
First lets review the previous analysis. Note: I use different chart to analyze my EURUSD for clear observation of what's going on with the market To prove that the market do test its previous R and S line, my R and and S dotted lines were drawn months ago and that helped me save my last profit at the support line you'll be lucky to have followed my...
Though there seem to be a clear change of the major previous downtrend, the market is at a strong resistance that there's a high probability of making a correctional trend by dropping down to the previous resistance (now a support ) and bouncing up again.