Arguments to make this trade: - After long correction there is a chance this one will take another impulse to the upside. - Bounces from the trendline. ENTRY: 1,479 SL: 1,44 TARGET: 1,76 (Don't know where to put this actually) FYI: I'm a complete newb in trading and to improve and add some discipline to my trades I'll post my ideas on Tradingview. Also to...
Arguments to make this trade: - On the daily chart, RSI is leaving the oversold area, SlowStoch is crossing over, MACD is about to cross, a morning star is forming with the last 3 candles. - It seems we are going to break the current wave and continue the uptrend of this pair. - On the weekly chart we have a bounce from the 0,618 fibo and closed above this line on...
Arguments to make this trade: - On the daily chart , RSI is leaving the overbought area, SlowStoch is crossing over, MACD is about to cross, an evening star formed some days ago. - It seems we are going to make a correction with this pair after the impulse up. - Divergences showing on the 4 hour chart, indicating buyers are drying up. - Failed to break the top...
Based on several competent TV traders suggesting short position. Sell when it's high. USD is about to make a correction. We broke the trendline en started the drop. JPY has been pumped lately.