I have been away for some while i did had my finals done with the test and examinations. Back to trading . My bias on his pair is going long. As always if you are of a different opinion or see things differently pleas let me know it helps me weigh all possibilities.
stalling on a strong support rejected now waiting for a retracement for me to execute the trade
mmm i hope we get a break taking the short term sell trade when it comes back for a retest. risk to reward ratio looks good also
ONCE PRICE BREAKS OUT OFF TEH FLAG WAITING FOR A RETEST THEN IM GOING LONG FOR THE D LEG COMPLETION . LETS SEE IF IT PANS OUT THIS WEEK. WISH YOU ALL A PROFITABLE TRADING WEEK. THANKS FOR LIKES VIEWS IT MEANS ALOT. IF YOU AFE OF A DIFFERENT OPION FEEL FREE TO TELL ME . IM OPEN TO SEE THE MARKET DIFFERENTLY.
MMM LOOKING INTERESTING WAITING FOR THE COMPLETION OF D LEG THEN I WILL BE SHORTING THE MARKET OFF THE 38.2 REJECTION ZONE BACK DOWN. THIS WILL BE IN CORRELATION TO THE GBP NEWS (NEGATIVE INTEREST RATE) AT FIRST ITS BAD FOR THE ECONOMY BUT IT PAY OFF IN THE LONG RUN. BECAUSE MORE BUSINESSES MORE TAX FOR THE GOVERNMENT.
THE IDEA BEHIND THE TRADE IS SELF EXPLANATORY. EXPECTING THE COMPLETION OF THE D LEG. LETS SEE IF IT PANS OUT. THANKS TO ALL THAT LIKED AND TOOK THE TIME TO VIEW MY TRADE IDEAS I DO NEED MORE SUPPORT FROM YOU GUYS BY FOLLOWING ME . WISH YOU ALL A GOOD TRADING WEEEK
BACK AT A AND STILL CANT BREAK THAT ZONE SHORTING BZCK TO B LEG
There is so much bullish presence in this pair the cup formation is still in play you can also see a flag in play on the 4hrs you can see a strong rejection to the downside . Let's see if it pans out
YOU CAN SEE A HEAD AND SHOULDER ABOUT TO FORM ON THE WEEKLY. THE BEARS HAVE FAILED TO BREAK THE LAST LOW CREATED IT IS A TUG OF WAR BETWEEN THE BEARS AND BULLS I MIIGHT TRIGGER THE TRADE TRADE TONIGHT IF I SEE ENOUGH CANDLE STICK CONFIRMATION . THIS IS GOING TO BE A SWING . LETS SEE IF OT PANS OUT
LOOKING TO SELL THE MMARKET BACK TO THE NEW SUPPORT ZONE
A SHORT TERM TRADE PLAN PLAN . MY BIAS FOR THE EUR/USD IS TBULLISH LOOKING TO SELL THIS RETRACEMENT BACK TO THE 50%-61.8%. LETS HOPE IT WORK OUT PERFECTLY.