I WILL NOT CHANGE THIS CHART. See you on MARCH 24 with the chart. That is after the day of FOMC MEETING on March 23. As a DAY TRADER you will ALWAYS have to adjust and expand/compress your TRENDLINES to get an ACCURATE TREND LINE. A little ADJUSTMENT to my previous BTC CHART. Even though BTC broke down from previous post's RISING WEDGE and still trading below it,...
XAUUSD short idea, mid term. Entry @1820 SL @1840 Take Profit @1770
EUR/JPY is making its second shoulder, it will probably go for the neckline. After breaking that neckline, a pull back might take a place and our second target will be the length of the Head-Neckline.
As stated in my last trade idea on GBP/JPY at the start of the week, I was looking to get into this pair short around the 148 mark. On the 07/06/2018 I saw a beautiful opportunity to pull the trigger. What we had was: Price getting squeezed between the upward sloping trendline and the key level of 148 (usually when price is squeezed in a triangle like this it...