We have a nice setup going long here if we see a good candle closure above the trend line formed by the two previous spikes! i would like to see the daily candle closing above 1.0320! On the other hand, if price breaks below the trend line, we could see a nice rally all the way to 1.0200 ! That would be very interesting aswell! Now we wait!
What you thik?? Let me know in the comments!!
Also, if you want to trade info, experiences, chat about all our analysis, chat with other people, share your own ideas, etc.. you are welcome to join us on Telegram!! t.me/tradingbayfx
What you thik?? Let me know in the comments!!
Also, if you want to trade info, experiences, chat about all our analysis, chat with other people, share your own ideas, etc.. you are welcome to join us on Telegram!! t.me/tradingbayfx
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Scenario A running almost at +40pips profit!
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Running close to +60pips
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First rejection on 0.5 fib ! closing my entry with +50pips profit
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Price broke the first resistance ! Now waiting for a possible pullback to re-test and entering again for long!
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+100pips combined !
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Price made a correction to the down side right now, could be a good opportunity to place one more long position! Will update soon