Price rejected the resistance (trend line) and weekly candle made long shadow. It look even better on the daily chart where We have 3 bearish candles:
R:R ratio is amazing: SL 100 pips and TP even 1300! In next week I hope we'll see small correction to 0,7670 / 0,7690 level where is best place to open short positions.
Transaction en cours
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sell positions - 0,7668 and 0,7678
one more waiting -0,7688
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Now We have 2 bearish candles on weekly chart!. Our sell signal is getting stronger.
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Now we have about 100 pips profit and I thing that big drop move (which I was waiting for) began.
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Added short at 0.7725
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know it's another 100 pips profit from our "added zone" at 0.7725 :)
Commentaires
AlbCM
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agree with 0.6 area but timing-wise it's going to take longer that 2017. As for this year, we should renew this year highs by mid-Oct
joeg9222
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Extremely interesting trade. What's interesting is that it hit the trend line and retracting for this week. I would repost this trade because this could be the trade of the year. It's crucial though that it does not break the trend line which realistically did not happen. Also been hitting resistance points today and can not hold the break out so looks good so far. I'm short and watching like a hawk.