Looking for a pullback to retest previously broken resistance area (which is now the key support) in confluence to our 0.618 fib retracement and ascending trendline. Expecting trend continuation until 78.000 psychological resistance where we should be able to take profit.
If TL breaks below will look for short opportunities.
In EURUSD the pullback to our previous resistance turned support zone is about to complete and we are expecting the market to continue the bullish run , so I will be take long positions in EURUSD in the pullback zone.
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Happy Trading !!
For those who missed to enter long in cypher there is another entry reason, an entry based on simple pullback.
Even if you took cyphers and want to hold this trade for much higher targets and if its in your trade plan, this is nice opportunity to hold on to your long positions in GBPUSD
As its in 4h, this GBPUSD trade may take around 3-5 days for completion of...
Lets keep patterns, triangles and Wave theory aside for sometime.
Lets keep it simple for State Bank of India , as you can clearly see simple trend continuation and we are planning to buy on the pull back completion.
Some may feel that how can we be so sure ? Well, as per my rule book trend continuations with good risk :reward are valid enough.
Please check...
