Hello,there is levels for G/U:
R1 - 1.6627 S1 - 1.6463
R2 - 1.6678 S2 - 1.6413
R3 - 1.6760 S3 - 1.6331
Pivot Point: 1.6545
Vital S/R levels:
1.6612 - strong Res.
1.6607 - 61% Fib.
1.6480 - Strong Sup. level
If it brakes 1.6540 then next level 1.6569 and strong Res. 1.6607-12
1.6550 was BP 23% Fib…looking short retrace…
Quick Short trade 1.6567 with 20pips stop and 30pips limit
Short Trade @ 1.6590 with 30pips stop and limit Open…
I placed another LIMIT order @ 1.6610 with 30pips stop and +100pips limit
My Sell entry order filled…my limit target on this one +70pips…after +30pips I will move stop to break even…
My main pair on this strategy is G/U…I never entered more then 2positions(2,4,6…lots) I placed Sell LIMIT order @ 1.6665, stop: 45pips, limit: OPEN (target 200+pips)
I am short @ 1.6625 with 20pips stop…limit: +30pips
TRADE CLOSED @ TP Level +30pips
Hi all… My mid-term g/u outlook is on the bear side. Looking at daily charts we need a retrace to around 1.6360 area. There is a chance we can test the 1.6670 (looking at 4h) before we see more down, but if this level is broken there is a a good chance we go to 1.6750 level… Happy trading all…
I entered short @ 1.6585 with 20pips stop…LIMIT target +100pips
After 30pips move stop to break even…limit +100pips
Thank you…RG