Please can we also say this is a double Top
Presently nothing can be predicted on EURUSD. Price has just broken the rising rend line and is again testing the same on a pull back.
I have placed a Sell stop order to short the pair at 1.3140 (Below recent swing low) with a target of 150 pips. I will cancel this order and go long, if the price moves above 1.3250.
Welcome to the thread. Let all of us go together on the way to success.
Current monthly candle will be closed in 3 days and seems the candle is going to be closed as an indecision candle(Doji) offering a nice chance to short the pair as below.
But shorting based on monthly chart will be too much expensive as a heavy stop loss is required and so I will go down to the daily chart.
I will wait for the price to reach below previous resistance and recent support @ 90.60 to short this pair with an affordable stop loss.
hello Bijoy
which pair are you watching out for now
Currently I am having 5 open positions
- Long AUDJPY @ 95.60
- Long EURCAD @ 1.3410
- Long EURUSD @ 1.3195
- Long EURCHF @ 1.2260
- Long NZDUSD @ 0.8370
Also I have 2 pending orders.
- Buy Stop EURUSD @ 1.3260
- Sell Stop EURUSD @ 1.3140
here is my 22nd trade.
I am adding another position to my present open EURUSD trade. this second trade is at 1.3260.
BIJOY
this is my EURUSD Trade
i hope it works out fine
Hello BIJOY u did not include stock in your trade are u no longer using it
also Please i would appreciate it of i can have a softcopy of ur journals sent to me
i need to print it out and read it often
thanks
Closed trade manually @ 1.3290 gaining +95 pips.
hi Bijoy,
on what reason have you closed it?
Closed trade manually @ 1.3290 gaining +35 pips
why exactly is the tp 1.365?
Have you considered selling it? to the lilac trendline
and I don’t see how was the upper yellow line drawn… which were the highs?
Going out on an emergency. Not able to monitor.
what do you think longing U/chf? I’ll try it, going for 94