A CLEAR breakout was seen days ago, After multiple lower trend-line retest. we are now hoping to see a STRONG Bearish trend.
I am hoping we go as low as 73.792, that would make it a sweet trade. That being said remember to PLAN YOUR TRADE so you can TRADE YOUR PLAN. ENJOY ;))
If the Price CLEARLY breaks upper trend line we may see the resistance being tested, but if the minor trend line is CLEARLY broken we may see the support being tested or even a new low."PLAN YOUR TRADE,TRADE YOUR PLAN".
If price closes above the weekly resistance on Friday, then we might see a channel tap. BUT if it fails we will probably see downward momentum to the monthly support. "PLAN YOUR TRADE, TRADE YOUR PLAN'.
Hoping to see what the markets will say to me, but i am hoping it will speak my language;))... happy trading everyone. 'PLAN YOUR TRADE, TRADE YOUR PLAN'.
It is nice to see this set-up's. BUT this is mostly achievable through a lot of chat time, training your eye to see them while they are still being cooked. ;)
I was stopped out, this is really funny and sad be-course. MY first analysis was correct, the trade was not invalid. The channel did not break. I honestly lost a proper trading opportunity. This will never happen again (PERIOD).'PLAN YOUR TRADE AND TRADE YOUR PLAN'.
We see a double bottom on this pair and price is at a crucial fib level (61.8%)... the next few hours are important for us to determine the true direction of this pair, i am expecting bulls to come to the PARTY. 'Plan your Trade, Trade your Plan'
The channel is broken in the 4 hour time-frame by a full candle, then my stop-loss was hit. we need to go back to the drawing board to see what went wrong. Mistakes are good so you can better yourself in the long run. 'Plan your trade and trade your plan.
A potential upside on this pair will make a sweet trade. Head and Shoulders pattern formed. please trade responsibly, apply your own risk management. Happy Trading. 'Plan your trade, trade your plan' ;)
