A small experiment - as trend is up, and price met already SR zone, chances for long with RR 1:1 are higher than 50%. So why not to try?
It is just experiment - I can see triangle and trend lines, price reacted quite well, so maybe it will react again? Then for further transactions two options - see arrows.
Exactly as on picture - what I can see is * SR zone * AB=CD (not yet completed) This is something fast, and two options are further available - see green or blue arrows
Hi, Bank holiday, so good day to trade. What I can see here is - S/R zone - price gap - price reaction (fighting with S/R) so I think there is more probable go to up for a while than down. Finally forex is about probability!
Actually it is kind of experiment. I am trying RR 1:1 based on S/R. It's not about being right, but about probability of reaction :) It's difficult to explain, but for me this place seems good moment for small reaction.
Actually there is nothing but correction, where I am too late, my entry should be in yellow zone... Well, I will try now - short SL but also short TP. I have two trades, bigger and smaller. And again - we will see! Statistics! PS. One thing I am unhappy is low stoch ind -
All described on trading idea pict.
in theory price should go down - don't know why seems to me it can go up maybe reaction for double top - it reacted, but don't want do down...? i will risk and go long! we will see.
exactly as on picture. just as experiment with small amount of money
Still valid, I think. I am in trade. We will see.
Weekly - trend is down, daily - kind of console, so in long(er) term this pair should go down... Green - are S/R zones.And this strategy is all based on SRs and fibo. Amber - SD zones (but not sure if I am doing this right...) Anyway, no HH, probably new LL (we will see) - we should go down. If SL activated and amber zone broken - maybe long...
Correction time! Simple AB=CD. RR 1:1 as trade is quite late...
exactly as on picture. red boxes = AB=CD, amber - SD zone, green - SR zones.
exactly as in picture ;)
Just AB=CD as correction move. Little trouble with where SL should be placed, here is relatively far, but still RR is 1.6, which is better than just 1.0 TP is safe, based on structures.
Idea for this trade is broken blue S/R zone, and retest of it. TP - based on previous structures.
see picture, there is AB=CD and Support zone. SL is below S and below CD=AB*127.2% TP is above local tops, aligned to D1 S/R zone(s)