After tremendous bullish movement we have: 61.8 fibb level, previous support/resistance level AND a hopeful trend line roof to support a short sell. Risking 40 pips to make 120+. Only trepidation i have is that we are not QUITE at the 61.8 fibb level. Advisory: we're just coming off a STRONG uptrend and we might still be in it use medium risk.
Previous Trendlines have been broken and now provide extra support for a floor. I believe the new breaks combined with the previous resistance levels will be the support for the bounce. There is a 50-80 pip short that should be happening before we upside more. If the bulls are really in charge we wont even have the downside retrace and we'll go straight up, but...
We've broken through some key trend lines and respected some support levels. I believe we have established new supports at the trend line breaks we just passed (backed up by further support with former resistance levels below us. I'll actually be looking to see if i can short term short after ONE MORE test of the high (that we've approached three times) If i get...
Uptrend Strong, approaching previous support levels and 50 Fibb zone. expected short term sell to 38.2 then continued upside
Higher Time frames show bulls still in charge. US economic data has been positive but most recent jobs (NFP) not going to have the boost as evidenced by short term spike in EU (with the fall back to close out the weak longs) If we simply return to touch that level this trade could go 75+ pips conservatively as a take profit 1. More upside if willing to hold. 40...
GJ after news coming from asia: North Korea fired missles at Japan. GJ drop to june supports on daily chart only to break inside trend line then return to original trend line at least producing 100+ pips
Trend line did not complete third touch, but uptrend is strong. Recent USD news gave temporary fall but with FOMC and overall uptrend factors looking for 40-90 pips to the upside