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Trade Signal:
SELL - Based on Daily ICI to the downside
> Entry: 1.84667
> Take Profit: 1.82441
> Stop Loss: 1.85397
BUY - Based on Monthly ICI to the upside
> Entry: 1.82690
> Take Profit: 1.95388
> Stop Loss: 1.80998
Analysis:
We are looking at an ICI to the upside on a Montly TF, as well as a W formation where we can see that only a 11 pips difference on the neckline of the W formation where I took trade (above signal) on this and the risk reward is 1:7.5, will be refining the stoploss on this trade as its roughly 170 pips and will update it on a new analysis.
Though we missed the Head & Shoulders pattern on the Weekly in which, that trade should have given us a 400+ pips in profit, though there are no missed opportunities in FX, just need to be more through on the watchlist. :)
Also on there is an ICI to the downside on the Daily TF, where its a sell to buy opportunity for this pair and hopefully it plays out.
Again do your own analysis and trade at your own risk.
Good luck!
All Strategies Are Good; If Managed Properly!
~FX_SHIFTER
Trade Signal:
SELL - Based on Daily ICI to the downside
> Entry: 1.84667
> Take Profit: 1.82441
> Stop Loss: 1.85397
BUY - Based on Monthly ICI to the upside
> Entry: 1.82690
> Take Profit: 1.95388
> Stop Loss: 1.80998
Analysis:
We are looking at an ICI to the upside on a Montly TF, as well as a W formation where we can see that only a 11 pips difference on the neckline of the W formation where I took trade (above signal) on this and the risk reward is 1:7.5, will be refining the stoploss on this trade as its roughly 170 pips and will update it on a new analysis.
Though we missed the Head & Shoulders pattern on the Weekly in which, that trade should have given us a 400+ pips in profit, though there are no missed opportunities in FX, just need to be more through on the watchlist. :)
Also on there is an ICI to the downside on the Daily TF, where its a sell to buy opportunity for this pair and hopefully it plays out.
Again do your own analysis and trade at your own risk.
Good luck!
All Strategies Are Good; If Managed Properly!
~FX_SHIFTER