TAtrader
Hello everyone, This is my daily analysis. I have been shorting under 1,103 with * Target #1: the 61,8% Fibonacci (1,0877) * Target #2: between 1,077 area and 100% Fibonacci (1,05137) Likes, comments and/or feedback are appreciated! EDIT: I am sorry, this idea is not valid anymore. I am still learning and made mistakes.
This is my strategy for buying EUR/JPY tomorrow. I think everything is clear in the chart. Likes, comments and feedback are all appreciated!
I have closed my longs at 1,14. However, it might be a bit too early. Still, it is most likely going down with good risk reward. Stop-loss around 1,142. Target 1,129 (23,6% Fibonacci). This will become a retest (drop till strong 23,6% Fibonacci only) or a big short opportunity till 1,116 (shorter term 1,116 level). Any feedback, likes and comments are welcome!
The major trend is still bullish, so I expect a bullish breakthrough of the triangle. Then it will be a pretty easy break of the 23.6% (1,2901) level. This pattern from end of may till now seemed a flag, at first. Now it seems a continuation pennant and/or triangle. Also, RSI is confirming by making an upwards crossing of the bullish divergence. Likes,...