After the huge pullback yesterday we see that the price is resting on the support. Currently, we are in a consolidation phase with the the tops getting progressively lower telling us the we are going to build up to a big move. Theoretically, that should be a move down, but no one can predict the future that well, so we just have to sit and watch.
Gotta go for dinner. Long is still open, no TP and SL at 42. I hope for a rally. Otherwise it is just s small loss.
i took profit the news is expected to go bullish for the USD so the pair should fall waiting for my next trade setup after news but if all goes well it should pull back to my new enter
Yes, you might be right. I don't like to exit a trade early anymore. I like to go in with the mentality that once i am in then i am in. I either set a TP or bump up my SL.
Survived!!!!!
i hope u in a long after it broke last weeks high...
i have a tun of signals all over my trading screens so when i see a new trend start happening i start to look for sines of it on other indicators then use fibo to guess were the pullback will end... and you want to get in on large pullbacks at least 50% i try to find 61.8% enters so there is less risk and more reward even if it does not brake last high i can still make a large profit
Yes, the last pullback only got to the 38% though and look how far that went grrr.
Gone long after the uptrend was confirmed on the 1 minute chart. I would have liked to have put the long in using a limit buy, but my broker wouldn't let me put the order close enough, so i waited for the trend to be confirmed on the 1 minute and got in. Consequently, the stop is close and if the uptrend on the 1 minute continues i will be in a free trade very quickly and i can let it run.
This trade just survived by 0.1 pips.
Oh ffs, another one missed.
Limit buy placed at the blue line.
Looks to have bounced off of the 38 and maybe continuing up.
Limit buy is placed at the 50% fib.