if price action tells me bulls are comming back, ill take an entry as you see on the chart. Yellen speech on 19. december could give the last peake down to get me in. (no entry before speech reaction) A bit choppy but if the rsi and candle pattern starts screaming at me, ill give it a try. No trading advice, make your own research. And like always Protect...
price action shows bear strengh, always peaks trough 200 ema and on the other side trough 20 an 50 ema. Does not respect the line it self. My opinion lets see how it will turn out Trade your own research and on your own risk Protect inventory (your money)
might take a short on here. nice rrr. price action says its time for a little retrace. (just my oppinion) Make sure to watch out cause of TP1 and TP2. After TP1 reached move SL for TP2 and TP3 to 145.1, after TP2 hit move SL TP3 to 143.1 TP3 could be set at 138.5 Trade on your own risk and research. NO ONE CAN PREDICT THE MARKET, its all research and a view...
price respects the area between 20 and 50 ema. More to the 50 peak out. when it shows me the right price action and i like the candle, like pin bar or engulfing, i look to short for a nice rrr trade on your own research and know your risk. Protect inventory (your MONEY)
If it breakes the former low i will look for a short entry. Maybe right at the breake out or when it bounces back after the breake. will make my decission on the down momentum at the time of the breake. My view of the chart, no advice to anybody, no call to anybody, trade on your own risk. Protect your inventory (your MONEY)
Potential short opportunity cause of pin bar, engulfing in resistance area. I look for an entry at around 86,35 all the way down to 83,73. On your own risk, like always in trading
I took a small position for a potential 200 pips with a nice r/r/r (risk,reward,ratio) Engulfing, pin bar, thats all i need and also combined with reversal between 20 and 50 ema plus nice swings. Lets see how it goes
trying to catch a little short at around the 20 ema.
Lets see how it will turn out. short entry for me at 0,7704 Take Profit at around 0,725 Watch Support at 0,759 My Stop is at 0,77735
Like I said HS with entry after neckline breake and backtest the neckline
FX:UKOIL Im not a professional Trader so please comment or behave in being saying "oh this is bs" and stuff like that. My thoughts by that is that OIL has found its bottom and it wouldnt make much sense to fall much lower. I know in the stock market there is no "it makes sense or not" but really, it is so low and tested the mid 40s a few times and wont go under...