A is the first of the year 2023, which marked a upward trend until B, 15 February
C = 70% A-B FIB retracement
E = 61.8% C-D FIB
If price breaks resistance and in the 4H timeframe the MA 4 crosses the MA 50, I propose the following buy order.
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sell limit order @1.186
take profit 1.81
stop loss 1.88
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The idea is based on the cross of the MAs on the 4 hour time frame while the candle rejects the zone and the market is on a downtrend.
With this trade I'm looking for a 2.5 risk/reward.
PS: I'll be moving stop loss to break even once it passes the...
EURJPY long:
-H4 MAs crossing for bullish while the market breaks a resistance.
-The objective of the entry is to capitalize on a 2:1 reward on investment.
-I suggest you move your stop loss to BE+2 once the trade goes 20pips into profit, to protect capital.
AUDNZD pushing the price up, with a recent cross on the MAs followed by a resistance break.
The objective of the entry is to capitalize on a possible wick, and than catching a 2:1 reward on investment.
Also the fact that todays news wont be of great impact, I'm going for technical analysis only.
