Started to see a new high form in the market, and witnessed the start of a retracement. Taking the fib tool we can assume where the market may ended up as shown here, and would be a perfect time to buy. In terms of technical analysis. Also i noticed a small amount of resistance from the past has turned into support. Right where a key level is at for a reversal....
I happen to notice a downward trend forming, particularly on the 2 hour time frame was easy to notice. I drew two trend lines, and saw price had bounced off the bottom trend line. Therefore I may have waited for a sell from the top. However, I did notice price start to retrace back down. But came close to the bottom portion of the trend once again and went for a...
I drew trend lines on the daily (trending up). Noticed price was fairly low and had a buy limit set, right at the bottom of where the wicks are before bouncing up and taking off. Because it sky rocketed fairly quickly, I would probably look for a buy entry close to the bottom of the candle. Possibly this week/Friday. But may have to wait until next week. I have a...
Have been following EURUSD some. Still newer to trading. However, I do see a gap in the market lower down on the weekly. Price may come down to there. Was looking for a sell setup as a previous buy from a couple weeks ago did not pan out. And here, we may have made a new lower high before dropping down again. Taking the fib tool and we can see how price has...
Results of my AU buy, caught 55 pips over night. Took profit and let it be a day trade. Will wait until Monday to see where price is at and look for another buy set up.
