Eurusd broke the trendline I drew , so it is in the pullback phase and you can use the fibbonacci levels to go up with the trend HAHA. Good luck
Hello traders , As you can see in the related EURUSD idea I published sooner , I mentioned that IF we had a breakout of structure you can enter a long position ... But what happened then ? when you see a candle breaks the resistance area , that dose not mean that you can enter a long position . Actually it's the first sign of a long position of course. you should...
Guys there you see a resistance area which should break for the last confirmation for the potential uptrend. After Pullback to that area which have became Support area you can enter a 1:3 RR ratio long position.
in the last trading day we had NFP news and market was acting emotionally BUT stayed in that trendline I drew ... 1790-1794 Price is the key area for the sellers to continue the downtrend ... *The fibbonacci I drew is a tutorial for you to draw it when the trendline was broken to find your enteries, Take profit 1 : 1755
after breaking the trendline you can draw a fibbonacci retracement to find your entery and your stoploss is just above the 1 point level and your take profit is in the start of the trendline
After the price hit my 1755 target which was a nice 1:10 RR ratio , we are in a PULLBACK phase which is shown by the trendline I draw. there is a chance to sell it AFTER breaking the trendline and drawing a fibbonacci to make it easier to find your entery point. GOOD LUCK
USDJPY is on an uptrend currently and there is a good positon to buy it @ 110.25 which is the 61.8 level of Fibonacci . No Confirmation = No Trading
Sell price,sl and tp available at chart
We can see a downtrend which is near to the 1$ Support level which can be a good area to break the structure and there is an opportunity to buy in pullback to 1$ level.
the major trendline is now broken and we can expect a retracement and start of a downtrend
We can clearly see a side way which is potential to be continued