You could try imageshack
As euro edge lower, this potential area holds a number of reason for bears to take over again. 38.2-50% fibs, 100 sma, previously S/R , daily pivot R1 and lastly the 200 daily sma is also in this area. If price ever reach this area, i may just go on short again.
Trade triggered, stop moved to BE at 50% fibo, there should be a huge selloff at that area considering the wicks.
Trade Update
Trade closed as it is approaching london close and I’m off for the night , r : r is 1:4.
Same confluence area as yesterday, the area has been retested a lot as you can see the wicks whenever price reach that area. Going short once again when price reach retest the 50% area.
Update
Trade triggered at 50% fibo, in profit of roughly 16 pips currently, moving my stop to breakeven. TP at 1.2650 or before london close whichever comes first.
Update
Trade stopped out at breakeven.
After a series of bear days i finally found some momentum in the bulls. When the area of confluence was broken yesterday, i was looking at a area where i could go long at least for today just when everyone is screaming short! short! short!.
Area today previous resistance turn support, 50 /38.2 % fib. This could be the big break that I’m waiting today.
Today confluence area to go long if price reach the area.
Trade Update
Trade activated at 61.8% fibo, if the hourly chart shows another pinbar that would be 2 pinbars already. I think it’s a rather good sign of many buy orders just below that 200 sma.
** Trade Update**
Trade stopped out for 10 pips.
Update for the week 12/11 to 18/11. 3 trades and 30 pips gain.
I will go long at this area if price manage to come down to this potential support zone again, might not happen today since there is still some distance. Trade will be deemed invalid if price manages to make a new high.
Trade idea for fiber today. Go short at the area highlighted.
Reasons for going short:
Previous S/R.
38.2-50% fibo.
Spider sense.
TP would be 1.2700 and SL will be at 61.8% fibo.
I was stopped out for 10 pips yesterday but today i have another fresh idea again.
An idea to hop on bulls perhaps?
