forex_jedi

forex_jedi

quick short

forex_jedi

possible short coming up will watch how price acts around top of channel trade with care

forex_jedi

chart speaks for its self with high rewards if pair does manage to reverse! trade with care

forex_jedi

long until top of channel is tested or correction is broken

forex_jedi

an alternative set up incase first order is not filled

forex_jedi

possible entry order long if entry isn't filled may look for manual entry on smaller timeframe. again with a 1% risk this trade looks promising even if TP isn't reached there are still plenty of pips for the taking, also a break out of the triangle followed by consolidation will signal another possible entry. trade with care

forex_jedi

priced has bounced of ascending trend line, I have set a fair risk to reward ratio, stops moved to break even/profit once level 132 is cleared trade with care

forex_jedi

sellers are still in control price is currently being rejected under broker neckline, and another down impulse is due

forex_jedi

PRICE IS MAKING ITS WAY BACK DOWN TO A CRUCIAL AREA A BREAK OF THIS LEVEL WILL SEND THIS PAIR INTO UNKOWN TERRITORY THUS CAUSING A PANICK, I THINK BUYERS WILL HAVE ENOUGH STRENGTH TO PUSH THIS BACK UPWARDS. IF SO WE ARE AT AN AREA WHERE WE COULD POTENTIALY FIND A BRILLENT BUY SET UP PLEASE FEEL FREE TO AD YOUR VIEWS AND OPINIONS