Pair is showing signs of going down but before that, there is a potential to test previous resistance, so looking to long
This is now a confirmed long postion. Please risk minimum as possible, the markets are not feeling too well but should get better on friday, 24 Account Size Risk $200 - $1000 - 0.01 $1000 - $2000 - 0.02 $2000+ - 0.03
This pair is most likely to go down but there is a 30% possibility to retest the resistance and coming down again. However if it closes below 113.925 it could be safe to sell.
Price failed to break above resistance and we can see its still within a downtrend so its a strong sell
Waiting to retest the resistance then price will fall
This is a wing trade we might come close to taking out target 2 if the market reacts well, but target 3 is more swingers.
Pair has made a reversal to the upside and has made a higher high. A pullback is underway which can be viewed as a short opportunity to where breakout happened, it might turn where I set target or can stop hunt to key area of support.
We can see a breakout from a falling wedge, however, pattern needs a short reversal preferably to where the breakout happened before buy entry is available - buy low, sell high
As mentioned in my previous forecast on this pair, I said it will come to test this level, it might go up again but it is unlikely as the resistance seems strong, so it is now a good opportunity to look to sell on smaller time frames.
Waiting for a small pull back to get a better risk to reward, then will swing this until Friday for NFP which should keep me in a risk-free trade. Wish you a profitable week.
Price action nearing hourly support, so we ready for the bulls coming in.