zuoertai

zuoertai Updated 

Reasons: 1. Multiple resistance: two downward trend lines and 1.14220 resistance level 2. MACD formed death cross 3. Stoch and RSI indicate downward momentum 4. Not much positive fundamental news favors EUR TP: 1.13600 SL: 1.14230

zuoertai

I will wait until 1.77300 resistance level to be retested and open sell as long as it holds. Entry: 1.77300 TP: 1.75850 SL: 1.77600

zuoertai Updated 

Price has been moving down within the perfect downward channel by creating lower high and lower low. In case of any positive Brexit news that may cause upward spike, it is the safest to enter at around 1.27900-1.27800. However, keep an eye on the resistance power that 200 MA offers. It is likely that upward bounce stops there (1.27700). Entry:...

zuoertai Updated 

1.7630 is probably the only resistance to hold the price in order to remain in the downward trend. Keep an eye on this level and wait for opportunity to go short. Safest place to go short: 1.7630

zuoertai

1. Counter-trend (RISKY) - If support level 143.300 is confirmed solid, risk takers may enter long position to take profit at upper resistance level 144.300 - SL: 142.800 2. Trade along the trend - Wait until the price moves back to 144.300. If resistance holds, enter short position to 142.800 - SL: 144.600

zuoertai Updated 

I will open sell as long as H1 candle closes under key resistance 1.75500. I expect the price to go down due to the resistance of downward channel as well. As long as AUDUSD closes above the upward trend line, this trade is more secured.

zuoertai Updated 

Reasons for short: 1. Better risk-award ratio 2. Downward trend remains, fundamental news also supports the downward trend. Entry: 1.14000-1.14200 (Do not enter short position if this region is confirmed broken) TP: 1.13320 SL: 1.14300

zuoertai Updated 

Entry: 1.84210 TP: 1.83000 SL: 1.84500

zuoertai Updated 

Reason to wait to go short" 1. Brexit uncertainty remains strong 2. Short position has better risk-award ratio than long position (need more than 40 pips for stop loss if go long while you only need about 20 pips for SL if go short) Entry: 1.28000 TP: 1.26800 SL: 1.28200

zuoertai Updated 

Another good risk-award entry may consider as long as the vital support holds: Entry: 1.26600 TP: 1.27790 SL: 1.26500

zuoertai

Wait for clear signal to sell. If the resistance level is broken, do not enter short position. Entry: 1.68960 TP: 1.67625 SL: 1.69200

zuoertai Updated 

Wait for signal to sell. Entry: 1.68250 TP: 1.67000 SL: 1.68640

zuoertai

Entry: 1.28000 TP1: 1.27240 TP2: 1.27000 SL: 1.28300

zuoertai

Price fluctuates within the triangle that it can go either way anytime soon. Risk takers may go short at around 1.13800 to take about 40 pips of profit. Safest plan is to wait until the price breaches the small upward trend line, then go short.

zuoertai

Wait for signal to sell TP 1: 1.72000 TP2: 1.71450 SL: 1.73770

zuoertai

Entry: 1.84000 TP: 1.82000 SL: 1.84500 * DO NOT ENTER SHORT POSITION RIGHT NOW BECAUSE PRICE WILL PULL BACK TO THE RESISTANCE BEFORE ESTIMATED DROP!

zuoertai Updated 

A minor update for the last post. Added the upward trend line since Nov 12th just to confirm my take profit region. Watch for sell signal at around 1.13590. TP 1.12800 SL 1.14000 Risk takers may open long position to trade the pullback.

zuoertai Updated 

Open: 1.85740-1.85750 TP: 1.84000 SL: 1.86500