Daily Forex trading with Price action strategies, pivots,fibos & supply and demand zones - Continue

[elisab]

Big trade on the Cable yesterday. Resistance at 1.5210. I will return long on the next correction.

 

[elisab]

Hi Elisab,

Cable looking bullish at the moment. Nice 04 hour candles.

Are you holding any position ?

Certainly, I stay long. An extremely negative sentiment comes from the Cot report this week too, and this will fuel the rise.

 

[elisab]

Good to hear that mate. Still holding this position ?

Long Cable, short EurGbp

 

[elisab]

EurUsd struggles to surpass the 61.8% of retracement of the last bearish movement 1.3243 – 1.2796. Considering the 85-days moving average in this area, I think that rising above 1.31 before Thursday will be very difficult.

 

[robertrfx]

Double bottom did the trick to push the EU back in the action to the upside. Getting closer to 1.31

View attachment 9550

Closed my final EU short position with 150 + pips

 

[robertrfx]

Big trade on the Cable yesterday. Resistance at 1.5210. I will return long on the next correction.

We are in a very good zone to reload longs with the retracement

 

[robertrfx]

EurUsd struggles to surpass the 61.8% of retracement of the last bearish movement 1.3243 – 1.2796. Considering the 85-days moving average in this area, I think that rising above 1.31 before Thursday will be very difficult.

Agree. But if we achieve 1.315X mark, I am in for shorts with Big Lots

 

[robertrfx]

Holding a Gold short. Expecting 1380 soon

 

[elisab]

Another top for EurUsd at 1.31 (third day). The oscillators are approaching the overbought zone and the feeling is that tomorrow the fall will resume…

 

[willforex]

Another top for EurUsd at 1.31 (third day). The oscillators are approaching the overbought zone and the feeling is that tomorrow the fall will resume…

Hi Elisab,

I am expecting the same.