GOOD AFTERNOON TRADERS. HERE IS A LONG OPPORTUNITY WITH AN ENTRY AT THE 618 GOLDEN RATIO. PIP TARGET IS 257 PRODUCING A RISK REWARD OF 2.5 TO 1 GOOD LUCK THIS WEEK.
DOLLAR CURRENTLY AT THE 618 RETRACEMENT WITH BEARISH SENTIMENT - PREVIOUS BREAK OF STRUCTURE ADDS TO PROBABILITY THAT THE DOLLAR WILL CONTINUE ITS MOVE TO THE DOWNSIDE. PIP TARGET IS 345 WITH A RISK REWARD RATIO OF 3.49 TO 1
AUSSIE HAS RETRACED BACK TO 618 - LOOKING TO HIT TARGET OF CONFIRMED SOARING EAGLE THUS PRODUCING A RISK REWARD OF 4.85 TO 1 WITH 391 PIP TARGET
HELLO FELLOW TRADERS - I WILL DO MORE TO EXPLAIN MY TRADE IDEAS FROM NOW ON TO GIVE YOU CLARITY ON MY THOUGHTS ON THE MARKETS. SOME WILL BE EASY TO FOLLOW, OTHERS MAY REQUIRE YOU ASK ME QUESTIONS...WHICH ARE ALL WELCOME. HAVE A GREAT WEEK. TRADE STRATEGY = D618 WHICH STANDS FOR DYNAMIC 618 DUE TO THE EVER CHANGING CONDITIONS - IT IS A SIMPLE STRATEGY THAT...