target reached. I expect this weeks closing near 0.6169
but we have to wait for a sign of reversal from this zone to enter another swing position. will it break through the zone and keep falling? or will support hold here and we will see another attempt at breaking the downtrend?
midterm view on #NZDUSD - 4H timeframe
I expect it to retouch the PRZ area (highlighted blue) for a second leg down. so I'll be looking to sell at around 0.65365 with a stop behind 0.66866 with first target being 0.63863 and final target at 0.62362
it had to hit my stop before he puts down the second leg on the PRZ area. still put in another short on the dotted line but it doesn't count since I didn't share it.
I think I should stop doing anticipatory trades and get back to scalping in 15M charts for a while.
sell trade #EURUSD - 1H timeframe
I'm looking for a sell entry at 1.07337 with a stop behind 1.07731, first target 1.06920. tp2 at 1.06530 and tp3 at 1.06130
it can fake a breakout to upside and touch 1.075 before falling down. but I'm bearish on this pair till touches 1.063
purely pattern trade on #USDJPY - H4 timeframe
I'm already in a sell order on this pair at 127.073. but based on pattern it may climb a bit more (ideal entry = blue line) and may retouch the neckline of pattern, before falling towards the target of the pattern at 124.421
midterm view on #NZDUSD - 4H timeframe
I expect it to retouch the PRZ area (highlighted blue) for a second leg down. so I'll be looking to sell at around 0.65365 with a stop behind 0.66866 with first target being 0.63863 and final target at 0.62362
my midterm view on #AUDUSD - 4H timeframe
I don't think it can break above the midline of the pattern, so I will be looking for a sell entry around 0.7177 with a stop behind 0.7474. first tp 0.69269 and my final target for it is a touch of PRZ area (highlighted blue) at 0.64264
sell trade #EURUSD - 1H timeframe
I'm looking for a sell entry at 1.07337 with a stop behind 1.07731, first target 1.06920. tp2 at 1.06530 and tp3 at 1.06130
it can fake a breakout to upside and touch 1.075 before falling down. but I'm bearish on this pair till touches 1.063
I'll be sharing FX signals and analysis starting from this upcoming Monday.
lets tune out the noise and get back to the old grind of milking green pips out of the forex market.