Expecting a brief pullback to around 15.0 before heading to 16.0. this week. Great week ahead.
LOOKING TO TRAP PRICE IN THESE ZONES FOR OVER 200 PIPS THIS WEEK.
Ok so we entered this trade last week at our D leg (1.2000) and closed out with over 200 pips. I'll be looking for a break of the drawn support and trend, along with a retest in that same area for a further continuation down to the 1.16000 zone. If we dont get a break, ill also look for fib retracements entries on lower timeframes around the 1.18600-1.19 zone to...
will be looking for sells between tp1- 80500...stay tuned
ENTRY AND TP POINTS ARE ON THE CHART tp 1 91000 tp 2 91130
PREFERRED ENTRY IS AT THE 106.700 - 106.800 ZONES. PROJECTED TP IS AT THE 106.150 SL is at 107.100. WHICH GIVES US A 30-40 PIP STOP LOSS RISK FOR WITH A TP OF 55-70 PIPS. A LITTLE MORE THAN A 1:1 MARKET EXECUTION IS ALSO AN OPTION BUT LETS SEE HOW THE MARKET GAPS UPON OPENING.
Swing buy trade alert!!! Price has been in an upward trend since 2016. As you can see, the trend line was broken a few weeks ago and is currently retesting it before a further drop off which will create some buy entry points (see my gbpaud butterfly sell analysis from today). SL will be a bit below our X leg and tp1 will be 1.84-1.84500.
OK so we have a few options here. I'm currently in a sell here and looking to tp at 1.80700. I'll be watching closely how price reacts at this point to see if it will drop further and close below my C leg. If it does close below, I'll be looking for a sell entry to hold down to 1.7800 which is tp2 (1.27 extension) on the butterfly pattern. Both tp1 and tp2 are...
Price could retrace to the 17.6- 17.850 zone for entry first before dropping off to 17.1 use proper risk management. Price could potentially drop to 16.0 the second green box long term. I'll confirm next week.
Just trying to catch the rest of the move. We entered at 10002 with the previous harmonic pattern, and price retraced back up 9100 creating our right shoulder and entry point.
PRICE COULD DROP MUCH LOWER THAN 69300 BUT WE ANALIZE AGAIN ONCE WE GET A CLOSE BELOW 69300
PRICE COULD BREAK UP TO THE UPSIDE AND CREATE A NEW HIGH EVENTUALLY BUT IF PRICE BREAKS BELOW THE 9800-9700 THE SHORT IDEA IS MUCH MORE VALID.