On daily timeframe, we have seen now that the price has hit a new high which was last seen in January 2018. Price has rejected once from the top, which means that the pair now will be stucked in consolidation move for at least another 2 weeks. In the H4, we will see how price will move from here, but this could be a good setup with a good risk return ratio....
If it bounces from the support line, possible long entry.
1 year can change everything. Dump everything and ride this.
Trend line broken and retest. Should be testing the 0.5 again one more time before going for long.
Drop or Top. Let's ride the wave. If it breaks any of the support or resistance, that will be our $$ ride. Good luck!
Oil is retesting 0.618 before eventually falling again.
Short short short. Sell at the given area. TP at the daily support trend line.
Price broke the trend line and already hit the 1.6 fibo level. Retracing back to 1.0 level before going up again. Elliot dont turn on me now. Happy trading!
Price broke the trend line and already hit the 1.6 fibo level. Retracing back to 1.0 level before going up again. Happy trading!
Sell opportunity. Testing out the market with small position. If the market sells down at the resistance level, we increase our positions.
If the support line is not broken by more than 300-400 pips, a reversal is possible to retest the resistance line.