The fundaments for today are in line with a short position on this pair. The state of the market on the 1H was a range, but the price broke this range. Price broke the lowest price of yesterday's New York session with 40%. This breach has a fibonacci pullback of 61,8%. on the 3m chart there's a v-formation with several test and buyers getting weak.
Fundamentals are in line for a long position on this pair. The state of the market on the 1H was a range but the price broke to the up side. The price broke the highest price of todays asia session with almost 80%. The pullback from this breach is +/- 50%, we would like to see the pullback go to 61.8% or lower but we can work with this. On the 3m chart there's a...
The fundamentals for today are in line for a long position on this pair. The state of the market in the 1H chart is an uptrend. The highest price of yesterday's new york session is breached with around 20% and after this there was an 61,8% pullback (Fibonacci). On the 3M chart there's an confirmed V-formation and 1st test. Stops are below the V-formation we're...
This is what I trade today in London session. It's not a good perform but I try my best to do things right. especially wait for the rising after the previous high falling then exit.