


fx1
PremiumOn 4 hour chart the cypher pattern is forming which has D near the trend line (in Black). If the price comes down steeply then order @ .786 can be filled with respecting the trend line. If price falls sidewise then entry @ .786 may fall below the trend line and may suggest downward move with price not respecting trendline. X2C Fib Retracement of .786 @ ...
I will only watch how this unfolds as 'when in doubt just stay out' rule applies here. I am doubtful about how I have drawn the trend line. But if my trend line is acceptable then a sell limit order of X2A Fib Retracement of .886 @ 2.08646 of this BAT comes near the trend line which may act as resistance again & it may reverse. Similarly if my trend line is...
On 4 hour chart the cypher pattern is forming which has D near the trend line (in Black).
Sell Lim,it order @ B2C Fib Retracement of 1.618 @ 1102.19. Stop Loss @ 1106.42 TP 1 @ 1094.12 TP 2 will leave it open
X2A Fib Retracement of .886 @ 1149.59 B2C Fib Retracement of 1.618 @ 1152.59
X2A Fib Retracement of .886 @ 1.54451 B2C Fib Retracement of 1.618 @ 1.54474 Using B2C fib R of 1.618 for entry in this case Remember to update your A2D Fib Retracement ''Take Profit '' targets of .382 & .618 with changes in the point D. Also take into account the spread of the specific pair when setting Take Profit targets .Or else you might miss the Take...
Trying to re-enter. Sell-limit order @ 85.338 RSI looks oversold. (Case for entry) X2A Fib Retracement of .786 @ 85.337 B2A Fib Retracement of 1.272 @ 85.288
X2C Fib Retracement of .786 @ 99.277 B2A Fib Retracement of 1.272 @ 99.287 eNTRY @ B2A fR of 1.414 @ 99.348 GIVES a better Risk to Reward Ratio but in choosing so ONE may miss the trade. Will just watch this one as i cant find any clues looking to the left of the chart, or any trend line or any other factors to make a case for entry.
X2A Fib Retracement of .886 @ 1.10914 B2C Fib Retracement of 1.618 @ 1.11121
X2C Fib Retracement of .786 @ 119.287 B2A Fib Retracement of 1.272 @ 119.276 But planning to enter @ X2C fR of .886 @ 119.355 to get a better Risk to Reward Ratio but in choosing so I may miss the trade. One of the Reasons for entry- RSI oversold
X2A Fib Retracement of .786 @ 1.95148 B2A Fib Retracement of 1.272 @ 1.95800' 23 /Apr/ 2014 GMT 2:45 CNY HSBC Flash Manufacturing PMI GMT 9:30 GBP Retail Sales m/m 28 /Apr/ 2014 GMT 9:30 GBP Prelim GDP q/q