wait for it... wait for it...... short from (1) / BMS / golden zone down to extension -27% ty ty ty
look to buy from these 2 fib extensions, please take profit at the extension above for quick tps of 20-25 pips. easy $$. i dont use stop loss.
we have a pullback to 28k for sure maybe 22k for full correction when institutions stepped in then launch to 50k+ ADIOS MF!
INSTITUTIONAL LEVEL 118.200 AND 118.500 ARE GOOD TO SHORT ABC CORRECTION TO 116.800 AND BELOW RSI DIVERGENCE ON M15, M30, H1, H4 TF. OVERBOUGHT ON ALL TF.
trading is a simple and repeatable process.
looking to sell from the golden zone after weekend consolidation ..
Price action suggests sellers have taken profit and buyers are now stepping in. I could assume a take profit around previous support @ 1.105 area before price drops back down to test 1.1 and below.
Still above 200 EMA on the daily, let's TP at the next resistance level! BUY NOW @ 1.6150 SL @ 1.6310 TP @ 1.6240
Looking at the 4H chart i see us under the 200SMA and the 100SMA which has me looking for a selling opportunity. Looking to SHORT right under the 4H resistance of 1.07100 Tight stop loss of 1.07200 Take profit of 1.06800 RR: 2.3 Pips: 28
EU is still under the 200SMA and looks to be bouncing off the 100SMA. I'll be looking to short this pair down to the daily support of 1.10400 Stop loss will be right above the 4H resistance line at 1.11900
The good news is over! lol.. time to sell. :) SL 1.11550 TP 1.10675 RR 1:7 cheers!
Downtrend = SELL TP 108.00 SL 108.700 ENJOY!!
still well below the 200 ema im looking with a bearish bias and since it bounced off daily resistance around 1.11500 i think now is a perfect time to be entering a sell order with SL 1.11550 TP 1.10450 cheers!
We are currently at a major fib support level on the DXY as well as finally touching the 200 EMA. We have a possibility for reversal at this point to the upper resistance level. Next week will be very interesting.. Cheers!