mpanav

mpanav Updated 

With 2 major resistance coming off the top I take a short position @152.950

mpanav Updated 

A very Beautiful channel up has made a measured moved. The long-term trend is bullish but I like to see it drop to its support level between 1.24000 - 1.24150 Entry: 1.2450 Short term target: 1.2420 SL: 1.24850

mpanav Updated 

It is a bit of risky trade but I like long side because the price has reached 2 support line. One is the upper side of donw trend channel after it broke it upward and now the price has come back to retest it. The second line is the support of recent uptrend ( although this recent up trend is i bit steep). The only thing that concernen me and make this trade a bit...

mpanav Updated 

I think there are plenty of solid resistance on the way and from this point I am looking for short opportunities. Also, there a good divergence with RSI on 15 and 5 min timeframe that make is interesting for a short term postition. I have opened a small portion @1.24000. Looking forward to add to position if I see more confirmation. Entry: 1.24000 TP: 1.23600 SL: 1.24500

mpanav

So far this pair has react nicely to this trend, touch of 200 MA could be another dip to move the price higher I already have another open position with the positive correlation so I am not going to incearse mt risk.

mpanav Updated 

Getting close to several area of support from major up trend, support line and 200 SMA between 1.2290 to 1.2300