I hope you had an amazing weekend.
I am on this pair, we have a nice divergence on both H1 and M15 with a strong rejection, as shown in my chart.
I am targeting next fib lower (40+pip trade) even though I think it could go much lower.
Do not hesitate to Zoom out for more details.
Any like/comment is highly appreciated !
I found a nearly perfect fibonacci setup which is slightly different from the one I gave previously but it explains why the price is currently stuck at these levels.
I am lowering my target to 1.34 (2 fib levels lower).
I just can't be bullish when I see that.
But of course, Markets decide everything and of course, I could be wrong !
You are absolutely right it's a question of probabilities! And points of view, ways of drawing trend lines sometimes... That's what makes Tradingview so interesting IMO....
I will monitor the position til tomorrow morning my time, maybe book some partial profits at some point.
I don't think the pair will manage to reach my 2nd target by tomorrow morning
have a good day/evening/night guys!
See you guys
Just spotted this H&S
I already booked some profits yesterday and will close it a couple of minutes before.
Hopefully it can get close to my final target of 1.35.
Let me know if you took the trade!
have a good day
My track record increased dramatically the day I stopped following blindly some FX analysts and famous FX websites and started building my own strategy.
My goal here is to share my views and make you earn money.
I will develop this point later on in a new post. Stay tuned !
Meanwhile I wish you a good day