USDCHF CAME BACK FOR THE THIRD TOUCH OF OUR ASCENDING TREND-LINE, WE NOW LOOK FOR LONGS IF WE BREAK OUR 50 FIB TO THE UPSIDE, TRADE ONLY VALID IF IT BREAKS 50 FIB TO THE UPSIDE.
UPDATE ON GBPUSD, RETRACE WENT DEEP TO 78 FIB, READY FOR LONG AS PER CHART AND LONG TOOL CO -ORDINATES. TRADE IN LINE WITH OWN ANALYSES.
WE HAVE RETRACED INTO OUR DEEPEST RETRACEMENT LEVEL OF 78 FIB, IF WE CAN SPOT REVERSAL CANDLE AT THIS LEVEL SHORTS WILL BE ON.
JUST AN UPDATE FROM EARLIER TRADE IDEA WE HAVE COME TO OUR GOLDEN ZONE IF WE BREAK ABOVE 50 FIB LEVEL, WE CAN TAKE THE LONG. TRADE IN LINE WITH YOUR OWN ANALYSES.
WE ARE LOOKING FOR LONGS, OUR ASCENDING TREND LINE HAS BEEN RESPECTED TWICE ON H4, WE ARE CURRENTLY IN OUR GOLDEN POCKET BETWEEN 50 AND 61.8. IF WE BREAK ABOVE 50 FIB LEVEL THE TRADE IS ON FOR LONG. OUR OVERALL TREND IS ALSO BULLISH. PLEASE TRADE IN LINE WITH YOUR OWN ANALYSES. USE PROPER RISK MANAGEMENT
we are in our golden zone 50 to 61.8 fib, if we break below 50 fib, we can look for shorts
GBPAUD IS NOW IN OUR GOLDEN POCKET, IF WE BREAK ABOVE 50 FIB, WE CAN LOOK FOR LONGS. IMPORTANT TO NOTE WE ARE STICKING TO MARKET STRUCTURE, WHICH IS BULLISH.
BGPUSD on H4 has pulled back into our 50 to 61.8 fib and now we can take a long if it breaks the 50 fib level for long. trade invalid if it remains below the 50 fib level
IF PRICE PULLS BACK IN BETWEEN 50 AND 61 FIB LEVEL, I WOULD BE HAPPY TO TAKE A LONG FOR A GOOD RISK REWARD