Broke trend. Bounced from moving averages. 0.5 fib retracement. Held at support. Looking to trail stops if it goes past target. Goodluck.
possible bounce at support level for good profits. also possible for a break right threw to the downside. trade at your own risk.
I've personally been holding this short for a couple months but I am seeing some high probability trades in the works if anyone is interested. Always do your own homework and trade at your own risk.. DONT be a statistic ! So this is what Im seeing on the 4 hour chart. It has been ranging and real choppy but it has been true to the pitch fork trend it is in for...
Placing my bet that this is the lower high. great RR play. nothings promised trade at your own risk always. Possibility to trail stops by 50 pips or so and if it hits the support bounces a little takes out trailing stop then goes back down breaks support then wait for a new pullback entry. IF this works out anyway... lol
entering long. if breaks down going to wait for re test too enter short. trade at your own risk.
possible area to enter for a long trade. if breaks will try at next support level. trade at your own risk.
possible for a big retracement as its nearing all time lows and support from years prior. 3 take profit levels. A reversal would be the jackpot with 700+ pips possible. Or possible for a break below support and retest in which case can go short. trade at your own risk.!
short EUR/USD trading in pitch fork. wait for pullback if your not already in the trade like me. trade at your own risk
Higher time frame trend support bounce Descending trend line broken. 50ma crossed above 200. RSI bullish. higher time frame .50 fib level bounce. looking for either a pullback to support on the lower time frame fib levels & 200ma. OR A breakout above resistance followed by a re test to confirm new support. Looking like can potentially be a great setup. Goodluck...
watch out for smart money to take out retail traders before making move up.