bas70seven

bas70seven Updated 

Currently the GBP is weak and the USD strong. Previous support area was broken and tested by a pullback. A second leg down formed and is now testing a previous support area. Stochastic is in oversold area. Waiting for pullback to enter with 2 short positions.

bas70seven Updated 

comment later

bas70seven Updated 

Support/Resistance was broken. Price pulled back but wasn't able to break the resistance. Second leg down broke the daily support/resistance of 24/25 8-2015. Again price pulled back. Second leg is longer than first leg so expect a third leg that tests the previous low of the second leg. Monitor target for exit signs, else close 50% and let the rest run.

bas70seven Updated 

Weekly long trade, lets see how this develops...

bas70seven Updated 

Divergence for short Entered at: 46.32 First target: Take 80% profit at: 43.36 Second target: Let remaining 20% run to 38.91 after moving stop loss to first target

bas70seven

I mean, bullish pennant actually

bas70seven

Ok, I'm totally new in the Forex trading community. I tried to project the things that I learned so far on the EURUSD. Comments pro/con are welcome.