After bouncing off the Fibo level, I think, that we could get down move. Even it looks like we could go much lower I'll be looking to take profits as shown and than wait if there will be good opportunity to get a bigger one.
Also be careful with this thing, because when I see those long legs some of these candlesticks have... I mean this pair can be really...
This is one of the last trades I'm going to take this week. Not the kind of "stroke of genius" trade, but this week my results were so pathetic, that I'll be happy to afford single Big Mac menu from my weekly "profits" :-) So lets keep this simple.
Closing bellow the trigger line means I'll be hitting the trade however I'll check the break twice. The later the...
This is just early outlook how I think I could trade this one. I'll wait now for correction of breakout and then hit the short trade. As a break I'll consider any close of 60 min. candle bellow the purple line. my first target will be between 0.618 and 0.764 Fibo ret. Stop will be counted when I'll see how long it takes to break the purple line and how structured...
I am looking for taking small trade here, because it's not very often to have method for long and short in play at the same time. Two things can occur now:
a) EURUSD breaks brown line (the top one): This is long for me with initial SL on the blue line. This also corresponds with Fibo. My target will be 1.20 and it will depends how the advance of chart will look...
I've been waiting for this for a while. GBPCHF broke green line and now it seem like consolidating so for me nice short chance.
I'll wait for break the purple line with SL somewhere slightly above broken green line. As I always do, I'll fix my BE after breaking "Fix BE" line.
This is just view of what am I doing. I'll be really happy to see opinion of other...
