About the 4 Hour Chart 38.2percent fibo retracement level in about 0.7515 area's Thought is look on 0.7518/19 (Aggressive) place in 15 mins chart how its respond there. Then utilizing 5 Mins chart I likely to enter in this brief trade with target approximately 50 Factors with 15 Points Discontinue loss
Trade Idea 2.
Eur/Usd ( Sell )
About the 1 Hour Chart of Eur/usd Definitely hits 50% of fibo resistance and consolidating, I like the notion of Scalp market on intraday charts if market happens 1 Hour last swing highs( Viewing for Discontinue Grabber Pattern ) and come near under 50% Fibonacci ( Expecting a spike to 1.1178/80 amounts ). . I likely go and take this trade with 15 points stop loss. . Targeting 50 points
P.S: Staying cautious with Eur/Usd commerce as Market already analyzed this 50% fib level Thrice, therefore won't trade untill any 4 hour candle spike upward and take drops afterward close below 11169 amounts of Eur USD
So here is my ideas for Next Weekend... I try my level best last week ( lost two little amount 15 15 = 30$ ) but maybe not triumph in this choppy market. I am expecting to do a better job in next months trading session, my very best wish's to all traders and joyful weekend ( if someone reading my nonsense )
Good Morning and Greetings,
Its time to trigger a trade as per plans. We comes up AUDUSD with a gap on Downside, making me believe that, aggressive approach could carried on this pair
Previous swing highs( 1 Hour chart ) are protecting additional gains of this pair. Fibonacci resistance 38.2 percent of Swing High ( 0.7646 ) to Swing low ( 0.7303 ) in One Hour Chart in on 0.7515 area. As previous highs on 1 hour chart will take out by the price may lead with stop grabbing market can reach 0.7517-0.7520. . Concentrating with this trade today. Finger crossed hoping for the best
Trade One Triggred On:
Update: its go all in my own favor. . Place trailstop and proceed to get a bath..comeback and discovered -12 pips lost.... Arrrghh lesson learn Do not bath until saturday lol
NzdUsd taking a look at the 1 hour chart. . Its hit daily resistance (0.7204) and showing an intraday weakness... a thought almost all of the traders targeting the fib resistance to close some lots and take profit. . I might take this chance for quick pips and regain my previous loss and manage the day with some profits. Pending order put on nZDUSd pair and finger crossed