might be time for the bulls to take over?? lets go long
realized some profits and got back in on the retest of 127.7. markets have been pretty active for a Sunday
$EUR/USD has been in an LTF uptrend but if you look at the weekly or monthly chart it would appear the recent bull move is really just a retracement in an overall bear market.
I'll take that RR ratio any day of the week. I don't know how much more momentum this bear move has but who am I to judge that one
UJ topped out at a range high identified earlier this week. Looking for short entries on the lower timeframes
It doesn't look like 131 will hold as resistance.. longs off the bottom of this range
a quick look into my trading system and how I use RSI divergence as directional confirmation
bull flag? the GBP/USD hourly chart is starting to look interesting
Got smoked on shorts last week but still bearish USD. The market traded right into my range but that doesn't mean **** unless I can start nailing entires.
GBP is offering some crazy RR off the hourly chart. Lower timeframes show a bullflag that just broke to the upside
Looking for shorts, these prices seem a little expensive. If this moves lower I will be watching out for 131 which is the 0.618 retracement of this most recent bull run and might be a decent support zone.
A short trade is setting up around the 131 price level on the hourly (USDJPY). If/when this area breaks expect it to hold as resistance and then start the move down to DAILY support around 128