TMPhil
All in the picture. Now lets find the best entry price. i would like to set up two positions, one is at fib.618 the other is at .236 which is also under the daily trend line.
THE WKY CHART IS RANGING AND NOW IS AT HIGH POSITION AT 1HR CHART, WHEN THE PRICE BROKE THE NECKLINE, IT IS A BREARISH ALTHROUGH THERE IS A REJECTION. AND NOW WHAT I AM GOING TO DO IS WAITING FOR THE FIB.618 AND START THE SHORT.
Same things what i did last night on GBPAUD and EURAUD. Also, the broken neckline is the best position to open short.
It is a obviously chance to short Eurgbp in a short-term won't get too much profit but safety:) and about RR ratio, it seems about 2:1 already, i GUESS LOL
Despite there is a shoulder-head structure has been created i dont think it is strong enough to push AUDUSD back to the upside trendline. in my view, it is another chance to sell the AUDUSD.
This rejection from wky trendline is very likely to be the end of the correction wave. In 1 hour chart, the hourly trendline has been broken and there are twice fail retests. It is a nice chance to short CADJPY.
have shorted based on Fib.618 and downside trendline. A new structure has been created. waiting for next pull back and sell again.
Just found a completed correction wave and waiting for the pull back be patient
IN WEEKLY CHART, THE PRICE HIT THE TREND LINE. However, we need to wait for the long signal before entry. and today or late this week, we will get the answer.
there is a pullback sell in 1h chart. SL 1.585 TP1 1.578 TP2 1.565