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wstipp18 wstipp18 CHFJPY, 60, Long ,
44 0 4
CHFJPY, 60 Long
Possible .786 Retracement LONG On CHFJPY

As indicated by the horizontal blue lines, the market has broken above multiple areas of resistance. To make use of this I am applying the .786 retracement strategy. I am waiting for the market to retrace to this level, then placing a long order with targets at previous structure and the stop loss below previous support which gives me a decent risk/reward ratio. ...

ysl32 ysl32 AUDCAD, 240, Long ,
30 0 0
AUDCAD, 240 Long
.786 retrace. Riding the trend.

We had a pullback that landed in the .786 retracement area so we going long to ride the up trend. also we broke the daily and 4 hour resistance. Plus we had a retest, which it is now treating the old the resistance as support. So its a good sign. Also we are trading with the trend.

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