On Daily Chart Still in downtrend. Price constantly making new lower low and price is still below EMA 100. Good for sell entry now as price is at the top of Regression Trend channel. On Weekly chart Still in downtrend. Price constantly making new lower low and price is still below EMA 100.
- Waiting for the price to retest the resistance level and do short term down pullback. - Good 3:1 RR short trade setup with stop loss behind the resistance level.
-If uptrend is still strong, this will be good setup for buy trade. -Stop loss will behind the highlighted box.
- Since the currency pair uptrend is strong, the price will tend to be consistently above the middle line of Bollinger Band. - This will be good setup for 3:1 RR Long trade when the price is at/below BB mid line.
- From the start of the highlighted box (since August 2016) to current date, the price has maintain it range between 44 to 58. - Weekly EMA 100 show flat trend with current average price around 54-53. - Ranging strategy will be use for the trade setup . Buy when overbought and sell when oversold. - I'm expecting it to go down to at least one more time at price 45.
- As I'm Support & Resistance trader, I'm expecting price to retest the resistance level. - I'm assuming the resistance level is strong enough and expecting short trade with minimum stop loss behind the resistance level. - Probability of this trade successful is 60% success / 40% fail. But with the 3:1 RR, at the end of year the trade overall trade will be...
- Good 3:1 (75:25 pips) RR short trade setup with stop loss at Fibo 61.8% lines
- Beautiful setup for 3:1 (75 pips:25 pips) RR short trade with minimal stop loss at the resistance level.
- Expecting price to go down. - This will be good setup for 3:1 RR short trade with minimal stop loss behind the resistance level.
- Price is going south toward significant weekly support level around 1.2000 - Waiting for pullback up before entering market with 3:1 RR short trade
- On daily chart obvious trend is down trend - On 4hr chart, it seems like the price will retest the resistance level again. If the resistance level is not strong, price might going up to 38.2% fibonacci line. - Waiting for 3:1 RR short trade on this pullback.
- It's quite hard to see the direction of the price at 4 hour charts. It telling me it will keep going up. - On daily chart, it seems like the price will try to make a few correction before it continue the downtrend. - I will stay away at the moment until the head & shoulder pattern is confirmed.
- Major trend is uptrend - Buy at pullback where stop loss at support level. - Buying at 0.91746 giving us minimal stop loss (less than 30 pips). Set TP at 75 pips.
Expecting price going down to retest the support level. This will be good setup for 3:1 RR for short trade. Stop loss is minimal behind the previous high of 4hr candles. Take profit will be toward the support level.
The price manage to break the resistance level. This make the resistance level become the support level roughly at (Magic Number: 1.29200). This will be good setup for 3:1 RR trade. Stop loss is minimal behind the Magic Number.