Sell limit placed at the the Fibonacci retracement level, the price is 0.96500
- Ichimoku cloud indicator is lining up for a good sell on the requirement I need
- Price has broken ascending triangle
The analysis published is of the GBPJPY pair. The potential opportunity I am presenting is a long position. Why ?
The thoughts behind this are the potential formation of a inverted head and shoulders pattern. The trade was entered on
the right shoulder that was in the 0.5 and 0.618 fib range, where it has since pushed upside. I entered the trade at 130.800 and is...
The analysis published is of the USD/CHF pair. The potential opportunity I am presenting is a short position. Why?
The thoughts behind it are the pair has been trading in descending triangle for a significant period, and now is
trading within a symmetrical triangle. The position will be taken once there is a confirmation of the breakout and re-test.