I see several reasons as why to short 1) Fibonacci is indicating a short as it has already hit the 61.8% which is also where there is a strong trendline going down.
This pair did a false break out and activated my stop loss then went for a bullish run retesting the trendline before going up higher. I see this pair going up as there is news to come. If it cannot break the trendline I will not trade it but you guys should look for shorts. I am sticking to a long position.
Waiting for a clear break of the trend line with a retest or a bounce back from the trendline. There is quite a bit of news for both the Euro and the US in the coming hours so very minimal stop loss with minimal lot size .
keep an eye out for this pair as usdcad might go down. Very tight stop loss with good risk management.
Lets short GBPAUD on the retest. Lets keep an out on it as it seems it might just head straight down.
lets long eurusd as we can see it is going to hit a pivotal trendline
Just like GBPJPY we will await for a clear breakout of the triangle. The reason i put the short where i did was because the other two candle was caused by fundamental news but for the most part the triangle resistance has been respected. I am shorting it if it goes below the last lower low. If it does not make it past that i will wait for it to either go long or...
There will be news on the GBP in about 4 hours that I believe will cause the pair to go up. I believe it will be a long so there are 3 options we can take here. Aggressive Trade: Take long now! For those willing to wait lets wait for a clear break from the wedge to either go long or short. Once the break happens I believe that we can ride it for a good amount of pips
I am going long on XAUUSD as well very minimal stop loss I am only taking the trade if there is a retest other than that I will let the trade go. Not much else to say on this pair.
I am on a sell for usdcad on the break of the trend line with a 25 pip stop loss. Very minimal lot size . Currently do not see another trade will patiently wait for other trades.
On the break of the trendline it was a buy for this pair. At this point it is just for educational purposes
GBPAUD is a long as there is a strong trendline dating back to early January. It has been creating higher highs and higher lows. I have put a very tight stop loss with only 25 pip stop loss. Lets see how it goes guys!!!!
Late post but on the break of the trendline shorted it.
I am doing a sell on EURUSD as there seems to be good resistance at its current price. However if it breaks above then retests it I will be going long.
EURJPY seems to be in a triangle wedge pattern that has had price action respect except for the time fundamental news came out but then it came back down and respected the bottom trend line. I see it going up before possibly falling down.
I see this pair falling down: One: it has broken previous lows Two: It is respecting trendline Three: Sits on a major PRZ level. Lets monitor the trade and let it run