ktscalpersking

ktscalpersking

4hour chart is showing a wedge and it strongly reversed down. It is now in process of testing the top again. It is a good place for double top than breakout so it offers good risk reward ratio here. Sell in the region of 1.118X with SL at 1.1210. target area is 1.1120 and 1.1080.

ktscalpersking

EU chart is in a triangle on 15mins chart but still posting higher lows. However, there is a potential trade for short on the breakout pullback and short entry. If there is a breakout to 1.1136 level an dthen a pullback to 1.1147 level then shorting with atarget os 1.1115 can be a good trade. SL

ktscalpersking

Hourly chart strongly broke above 1.1119 resistance and had good follow through on Friday. This breakout followed strong breakout on Thursday. However, this breakout is still within the trading range of last 4 weeks. Weekly bar currently overlap last 4 weekly bars so this could be a test of the top of the range. As majority of breakouts above trading ranges fail...