Monthly chart has nice price action at this level. i want to short it. preferably lower timeframe because of smaller stop loss.
for me the origin of the move is a good place to take a position in another direction. only if no new low is made i would short this. target is equal to the 2 other bear waves.
about 800 pips to be made here. am shorting next retrace/
this last wave seems a bit over extended. i'd like to buy the pair, this is the best i can find. have to wait till something better develops.
the target of my previous bullish setup is not yet met. imho the 61.8 fib could be a good place to risk a few pips.
A relatively small stop is required if the last point is met. First it has to get there though. Since it is so obvious it might not make it. We will see.
I am bullish on the pair. I want to buy at 1.17 towards 1.21.
I am bearish on the pair. the safest way to trade this is to wait till a top is confirmed by waiting for this TL break/retest. this double top could turn in to a bull flag.
I missed it today. a small chance it gets its pip bullish on the pair.
this does not really look bullish. i think a retrace is needed for another push. i will be tracking this pair.
Support and resistance at the 61.8 fib level.
the 50% level together with the bottom tl could form support. The congestion on the left could help. my entry is 131.05 to account for the spread. i speculate that this will become a widening top as in my previous chart. i risk 10 pips, my target is 300 pips so its worth the risk.
congestion area broken. more often then not there is a retest reaction 0.9871 is my best estimation to enter this trade
Nice opportunity, a small stop loss needed.