I am learning, reading through the Naked Forex book. There is a strong bear candle that has printed on the hourly and Daily support/resistance zone.
Can you see the around 1.27557?
I believe this is going to fall at least half way down to last daily chart s/r
I placed a sell stop at 1.27191
S/L on hourly 1.28052 then switched to Daily candle 1.27928
This is one of those trades I wish I could have put more into. Excellent climb thus far. Just wanted to update and say even though I moved my price a little higher to take a larger return (.01) to (.02) I’m still getting a good run.
How are you all doing with this trade so far? Are we all in profit?!
In my novice analysis I have concluded that because of the extreme high we saw in this pair at 2.6 previously and then the extremes of consolidating lows around .14103 there is anticipation for a bull run.
•the price has broken the trend line creating higher lows on the weekly and daily
•price has been consolidating for an extended period of time after a huge...
Based on my novice analysis I’m expecting price to hit the first Tp and possible push through till the second TP.
•Price has broken the trend line and is consolidating for the weekend
•Price has created a high-low
•Price was last here in 2017 and then showed a bullish momentum.
•Ichimoku cloud is underneath price and Chikou Span , price has also crossed over...
Based on my novice analysis I am expecting price to possibly push through the s/r zone of .67028. Price is now in a downtrend. I believe the bulls have exhausted and the bears are now coming in. We go with the trend!
• stop loss placed at .67413, at the bottom of the most recent consolidation above the sell area
•Tp1 is placed at the top of the last most recent...
Based on my novice analysis, price has hit a major support zone and has created 2 new higher-lows.
• Price trend has also crossed over.
• Price could hit a major support & resistance level of 10,811 or it may push through towards 11,250.
I am very optimistic about this - I am not taking the trade but I am watching it to see if my analysis is correct.
Please...
