Hi guys,
The pair is currently in the hands of bulls which are in full control.
As you can see, the price managed to break the current structure (a bullish pattern H/HH/HH, L/HL/HL) and is now somehow consolidating a little bit.
I will be waiting for a pullback at previous HH levels (around 1.01500) and will buy it as soon as I see a bullish candlestick.
My target will be the 200% fib retracement which is also Dec 2016 previous tops.
The potential of this trade is huge, about 200 pips if the pair is willing to pullback !
This idea is for educational purpose only. Trade at your own risk.
Feel free to like/Comment my ideas!
Trade with care.
Jesse
The pair is currently in the hands of bulls which are in full control.
As you can see, the price managed to break the current structure (a bullish pattern H/HH/HH, L/HL/HL) and is now somehow consolidating a little bit.
I will be waiting for a pullback at previous HH levels (around 1.01500) and will buy it as soon as I see a bullish candlestick.
My target will be the 200% fib retracement which is also Dec 2016 previous tops.
The potential of this trade is huge, about 200 pips if the pair is willing to pullback !
This idea is for educational purpose only. Trade at your own risk.
Feel free to like/Comment my ideas!
Trade with care.
Jesse
Note
The pair is still super strong. Waiting for a pullback to enter.Note
Note
I will not trade the pullback. Only entering when we have already retracedNote
RSI below 50, Divergence on H4, pullback should have started... !!! Guys beware of the asian session during the next 2 weeks, since it's a holiday for them! The market will have low (very low) volumes and we could see flash crashes similar to the one which occurred in early January !!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.