I've actually been short on this pair most of the day since the initial break down, anyways...Having a bit of fun scalping tonight...more to come!-Good Trading!
We have made a down leg to meet the bull trend line, breaking it, then climbing back over it. The correction has now reached roughly 90% of the move down, also meeting resistance at a local trendline across the recent highs. I'm overall bearish, and will be looking to close my short around the the daily support area marked on the chart, after that level is reached...
Shorting at good resistance, along with some topping formation, and possible ew count. Also, we are in overbought conditions. Follow me on twitter spytrader88, Good Trading
Price up is meeting res, along with .764 OTE Fib line. Also, we have some bearish div at play here as well.
Pair has made a very corrective move up, I'm thinking we will advance down towards the 1.085 area where most demand is, or we make a higher low and correct further up. Good Trading. Follow me on Twitter @spytrader88
Hello Traders, I have had a longterm short opened on the pair and I have now decided to change my bias. I think the pair will resume correcting further to the upside. I've noted a few targets as well as what future price action "could" look like. Good Trading. Follow my twitter-spytrader88
First trade on this pair. We have a nice bullish setup with price retracing into good support and looking to continue to head higher. As for targets, we have some confluence of fibs at good structure around the 123.478 area, which is where I will be taking partial profit.
Taking a long on the pair now that we have broken the local dt line of the correction. We are really oversold at good structure support, also the structure of the correction seems to have formed a bull pennant. Good trading
This has been my roadmap and has served well. I'm currently holding short and riding the trend. I will update if my position status changes, however i am looking for a local bottom around 255-260is.
Took some good profit on a short earlier, now looking to build a long position based on support of the key bull trend line. We also have good horizontal support through this area as well. Ive currently taken half of my position and will take the rest with a confirmed SCMR reversal. Good Trading
Taking a scalp long off the double bottom, if it holds then I will plan to sell @ the .764 fib zone.
Looks like we have a good count here so I'm going to continue to follow it. Currently, I am short from 285 and looking to cover around the 260ish area. I will be looking to build a long position around 258-260 for a hopeful push back to the 280 area. Follow me on twitter @spytrader88, Good Trading
Stopped out of last short as you can see by last chart, however with the break of the 262-265 area I hope onboard of the bull train and was thankfully able to turn the last failed short trade into a small profit with the last minute long. With the bull rally continuing from the 265 area my next sale point was 282-290 OTE. I will be riding this short till at least...
Quick short into demand at 240, which should hold with prices continuing higher after.
My overall bias is short on the pair, but currently looking at a countertrend long if we find support at the lower .618 fib area for a "C" wave to the upside to complete the correction.