Favourite position out of all the currency pairs on my watchlist . WE have real history . im taking her for a buy to first target 1.06761, second target 2 1.16576 and 3rd 1.22258
Trade active
Almost 100+- pips to first target
Trade active
Trade retraced to entry level . I executed another long position on the account that its giving me a lower risk and bigger reward which is a logical trade in my opinion.
Note
First target reached @ 1.06761. waiting for market to test this price level where I will be considering long positions again up . Outcome of this weeks price will give me an insight as to future price movement .
Note
Took advantage of the retracement and added positions
Trade active
Upper hand still favours buyers
Trade active
Still holding this position , price attempting to trade through price 1.10125 waiting to see outcome , still considering long positions
Trade active
1.10139 Is a weekly resistance with strong two price pattern indication , im expecting price to trade through this level aggressively or retrace to make attempts on trading through 1.101139 , only application is to go long when price grants the opportunity to sellers to hand over the buyers.
Note
Last weeks outcome turned out progressive with the buyers taking the upper hand , Price 1.10125 is now considered as a support for another long position to anticipated price target released on 26/10/2023 . I will be waiting for buying positions on 1.10125 when the market grants the opportunity .
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.