D4nzer

D4nzer

Eurcad broke the uptrend line on the monthly, weekly timeframe, I'm anticipating a pullback to sell on the SBR zone.

D4nzer

AUDJPY Just an idea of a potential short setup.

D4nzer

1) I took a short postion to the 61.8 level as target. 2) If I got stopped at the 1.095* level I'd go long with a 60pips target which is around the next Resistance level just above the 1.618 level 3) If the first is a winner I'm gonna wait for a retest to see if the trend is going to continue or not. If not I'll go with plan no.(2) 4) If there is no retest and...

D4nzer

I took the Swing High (1.1020) to the Swing low (1.0835) using the FIB retracement on the 4 hour chart. The 50% retracement at the (1.0929) level. I plot a Fib retracement Swing low (1.0835) to Swing High (1.0929) and planned a short position targeting at 61.8 retracement (1.0893) with a risk reward ratio of 1:1. 30 pips target