This is a completely new strategy with Fibonacci numbers only. For extra confirmation on taking entry and exit, Price movement history has been taken. Took tight stop loss when the sentiment is negative on the entry day.
So much support and resistance are there. Risk reward is high in this position. Try short position
Currently market moves in Sideways. Strong impulsive buy may come from this resistance point or wait for the next strong resistance.
hereafter I will post forecast daily! Now it's a short term trade.
The hammer pattern failed. Now the spinning top was found. It seems to be cross at a long position. keep an eye on the chart and give more profit. happy trading!!
This week started with the bullish engulfing in GBPUSD. don't miss to get the profit from engulfing. I'll update a lot more ideas daily. Keep happy trading!!
It's a possible outcome for 1:3 profit margin for every risk. But it may take 3-4 days.
EURUSD looking to be long for few hours. Take your little profit using this margin
USDJPY will be looking to long for a while. But it will be a good long position before it turns up to short.