The bids came in heavy around 1.23, catapulting price up to 1.25 in a short period of time. Looking to go long on pullbacks towards 1.2450-1.2460 with primary target around 1.25 and extended target at around 1.2650.
Hey Traders,
Hope all is well, Not much on the radar this morning, Just have this cypher on AUDUSD and then I also took a short structure trade on EURGBP. The market has been putting in some violent swings so make sure that you are adjusting properly for that. ME personally I like using something dynamic for my stops like fibonacci extensions, ATR's pivot points...
EURUSD closed the weekly candle with a long legged Doji outside the bollinger band.
Not to mention the massive support zone we have around 1.0510.
This could activate a rocket correction from the last 14 days of downtrend.
Another interesting thing is the movement from November 2015.
After weeks of downtrend the price turned in the last November week at 1.0510...
Hi all:
We will plan in the Daily timeframe.
The trend is break the triangle...(B or 4) in the upside.
I think it is the wave-C or W3 in Bigger A.
My TP is at 100% (resistant zone 1) and 161.8 (resistant zone 2)
Plan:
Buy with 123 pattern , stop loss at HL on 1H timeframe for minimum loss.
1-2% risk up to you.
TP and RR, i think it should better 2.
Cheers ! Do...
