Great opportunity here to long EURUSD
-Bull trend
-Really strong level of support here at the 0.618 fib retracement
-This area is also a previous support level on a number occasions if you look left
-Stops at the 0.784 fib support
-ABCD structure possible in play here to.
-This blue line has acted as major support 5 times on the daily TF
- Great risk to...
AUDJPY Currently in a strong downtrend from higher TF
-Simple trendline break trade here
-Rules:
break and close below on at least the hourly
retest of the broken area
of course rejection of that area
-Apply risk/reward and money management
-Have a couple of targets
-Jump in
Happy trading!!!!!
Made a lot of pips from EJ shorts recently think its time to long
-A bit of channel trading here currently
-Holding a major monthly key level 126.90
-We have bounced of this level previously.
-We have a selection of rejection here shown with long wicks
-Also a "double bottom" we broke slightly lower but its the close we look at.
I believe there will be an upcoming period in a few weeks or months, where a long opportunity will present itself. This pair has bounced off of a fibonacci retracement and looks to be forming the rest of D part of the ABCD pattern. Also, the pair is currently trading in a channel, which I expect will be broken out of and this pair will head to the upside. I'm...
