Short on conformation of on the 4H. It is going to be a slow week until BREXIT and then we have speculation on the increase of tariffs on the from Trump.
50% retracement - support now reisistance. 2/1 risk reward.
Great Risk-Reward. Watch out for the sell zone and then the 2015 trend-line just above. You will need good confirmation to get this correct.
Long a re-test of support - Close in three section as the FIB Extension are hit. Stop to break-even once the 100% FIB is hit.
Hold of the daily close resistance now support. Half position size taken due to the positioning and shortened trading week in the USA. Close positions in three part, as per the FIB Extension. Stop at break-even once the 61.8% FIB is hit.
Test and hold on the daily candle of the "W" formation neck-line. Close in three section as the FIB extensions are hit. Stop to break-even once the 50% is hit.
Go long on a re-test of resistance now support. Close half at the 38.2% FIB (0.8713). Let the reminder run until old support, which should now be resistance is hit
(abandon trade if it is not activated by US Market Open) Enter short at the retracement of yesterdays 61.8 FIB daily range. (0.6420) Sell in four part on the FIB Extensions and place the stop at break-even once the first 38.2 FIB is hit. Let the last part of the trade run for the 100% FIB extension.
Good risk reward and the lack of a trade deal with China and new Hong Kong legislation has just passed. USD strength.
4H break of short term support - Running into FOMC Minutes and the JPY pairs are looking weak. On risk aversion break downwards on the JPY pairs, the speed of he move here on the EURJPY could be quick. 6 Trades taken and the closing at the all the FIB Extension. Stop move to break even once the 50% FIB is hit.
After a 10%+ move since the 25th March 2019 we now have a technical break which brings into focus the 61.8% FIB target price. This is removed from the normal issues around the globe and concentrates directly on Reserve Bank Interest rates. (NZD has stopped cutting and the CAD is only just starting to the cut) Wait for the re-test of the support now resistance...
Retest hit. Targets on the FIB Expansion - place stop at break-even once the 38.2 FIB is hit.
FIB Extension target below - waiting on the retest of support now resistance to get a better risk reward.
Enter long on a 4H candle close above the consolidation. Sell in fours stages as the FIB Extension are hit.
Hourly channel into the Sell Zone - Looking for a good entry conformation on the hourly candle - (Retest of the trend-line support now resistance or another run at the downward slopping channel resistance to get a good risk reward) FIB Expansion target will change if we get a higher high in the hourly channel, but i intend on running 6 closing targets in the...
Sell on the retest of the wedge support, now resistance. Close in four parts as the FIB Extensions are hit. Move stop to break-even when half the positions are closed.
EURUSD is moving to the top of the channel - look for a good candle configuration as confirmation to enter short. There is a potential 2/1 risk reward if the channel holds.