Daily: After an over extended run to the top, price has Hit QUAD tops, a strong resistance zone, with a two low tests candles 1 Hour: Formed double tops, price then broke down the short term support trend line, then pulled back to main pivot, 20 EMA, and 0.382 fibs retracement, formed a mini-bearish flag pattern, massively MACD divergence
Looking to take this pair to daily 0.382 fibs retracement, 20 EMA, and strong horizontal support and resistance line of 0.7600 area for more than 3:1 reward risk ratio.
Thank you for your support
Komen
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Here is the DAILY CHART:
Komen
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Date: 12/14/2016 Time: 18:00 GMT
Price has already hit my 1% profit. Due to FOMC, move my stop loss to break even @ 0.7725.
Dagangan ditutup: sasaran tercapai
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Date: 12/16/2016 Time: 06:00 GMT
After the FOMC interest rate hike, the currency pair has shown some bullish movement. manually close down the trade @0.7700, secure 1 % profit.
Komen
jojofang0901
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Date: 12/14/2016
Time: 18:00 GMT
Price has already hit my 1% profit. Due to FOMC, move my stop loss to break even @ 0.7725.
Qaiser_Butt
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nice analysis and we have similar approach. keep it up mate.
jojofang0901
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@Qaiser Butt, Thank you for your feedback, happy trading.
Time: 18:00 GMT
Price has already hit my 1% profit. Due to FOMC, move my stop loss to break even @ 0.7725.