Good day traders! It has been a while since I updated my blog. I’m into a lot of stuff nowadays and most of them requires lot of my energy. But it doesn’t mean I’m not trading. I’m still doing what i do best. It’s just that I haven’t got the chance to update the blog. that’s all.
Back to our signal.
Yesterday the pair drop till 1.26242 and suddenly it bounce back more than 100 pips. I managed to get around 40 pips and later call it a day.
It’s looking a bit bullish today, although I might say my short and medium term trading is still on short.
I stick to my round number, 1.27000 as the decisive level. Above that, its all bullish and vice versa.
For bullish takers, I suggest you wait for more convincing candle pattern. With such confirmation, next on the bullish radar is 1.27345 and 1.27643. History showed that there will be a reversal near the lines. Take your profits early.
The fibonacci 38.2 level located just below my round number, at 1.2671. This will provide a strong support line. Breaking that line would bring the pair straight to 1.26600 and 1.2642.
Happy piping!
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