It hits the 618 FIB level nicely and retraced. If it goes further south towards the lower channel line and rebounds from there, it would offer the late buyers another good opportunity to buy. Remember, it is volatile , so either have a bigger stop loss or reduce your position size accordingly. Manage your risk wisely, do not follow other authors just because they...
The tax plan by President Trump is good news for the equity market. Will this be the same for Currency as well? If yes, then EUR should fall,else it would continue to go up Let's see
1. Added 11th balloons to this pair, see how strong it stays on the black trend line 2. Look at the MACD crossover, signalling bullish trend to continue
Maybe not two red but at least one red, we think
This is what I think would happen next 2 weeks.....
Mr Market always give us a second chance if we bother to wait for it.
If the blue dotted line is broken, it would head south towards the red arrow which could be devastating to many who bought at the high. Let's see
Don't worry about the fear of missing out. There are plenty of opportunities if one has patience.
I think it would break out on this 5th attempt towards the blue dotted line zone.
Go to smaller time frame and see the price action before taking your long position. Good luck to all !
Day chart shows several times price action touches 50% FIB level and rebound. 1H chart, short term retrace to 114.050 then continue to go up again. If price breaks below 114.050, hold and monitor price action on lower time frame first.
Day chart shows a doji pattern, an indecision between bears and bulls. 1H chart registered a bearish candle on closing last week. We are awaiting for the 50% FIB level to be rejected before deciding to take a short