I posted this late, so am already in profit but this is just the beginning we got lot more to go !
Trend line broken in 4hrs and daily time frame & it has already retraced, its ready to be bought.
MACD crossing in daily time frame.
perfect risk/reward ratio.
Using only technical analysis, found some confluence between daily trendlines and a Fib retracement @ 61.80% on a daily chart. I believe that price may bounce on the middle trendline targeting the upper channel resistance trendline. Stop loss is placed on the Fib @ 50%. Will however be prepared for price to break the middle trendline, and in that case wait for the...
This is another trading opportunity that has caught my attention. I am expecting this pair to drop lower once it completes the last upward leg and if it does not violate the psychological level of 1.02 which coincides with 88.6% Fib level will give us another opportunity to short this pair with an excellent risk to reward profile. However, both currencies are...
