Looking to short UC this afternoon in NY session
I believe all bears entering prior to 2 PM candle have been shaken out, we are at the previous weeks 61.8 fib level, on my strategy this is a selling indication... Will keep you all updated.
Grey area shows ranging price as 4hr and 1d as strong resistance and support, the losing momentum should be followed up with a break upward of 4hr resistance which will be a good opportunity to enter a trade for long position. upon higher timeframe analysis, it offers more potential pips as well.
trade according to your system only.
sl 10 pips tp 20 pips
giving respect to the 1hr trend line as it just hit support , price will be going up for quite a while unto the trend resistance. Will enter trade as it break through the first 15M resistance, assuring for more upward movement until the 4h resistance which will result possibly in a small consolidation up until second 15m resistance . Waiting for candlesticks and...
a good opportunity to trade the retracement upto the 4hr resistance. the trade gets it confidence when it breaks the 30 minute resistance and the support trend line signaling for a minor bullish price action.
sl 10pips tp 20pips
trade only according to your system
buy stop - pink line 131.975
the 1D resistance has been rejecting price lately, a good opportunity to scalp pullback once again . will enter trade if candles form bearish price action on the 15m tf , signalling a minor retracement, possibly a major one according to some higher tf analysis .
sl 10pips tp 20 pips
trade only according to your system.
sell stop - pink line 1.09835
OK, so i made a mistake in last TA, but more importantly i may have made another discovery on how to predict the size of the next phase compared to that previous of it, i will look in to it further before i make more of a fool of myself by publishing it. But i think my mistake on the last TA is that the right green phase 3 shpould be 3 third bigger than the left...