Last days arme coming nearer in this month.
Lets See Whats Happend?I Hope everybody had a Nice Easter.
My Order was triggered and i m back Short with the Fiber. The Plan is Working.But when i Look at the whole Chart i am a bit scared...and because its almost the end of the Month and i am now in Cash and i Never got a Prize in this Contest i think of beeing more Safely.
So coming back to the analyis:
Fibonacci: The 38.2 of the Daily downtrend was respected but could be still discarded of the buyers because the 38.2 of the weekly Chart was also respected at 1,1145
Chart pattern: Double bottom at around 1,1150 (sign of uptrend)
Volume: high Volume at 1,1178 to 1,1220 also at 1,1270 ( so These are strong Levels)
Candlesticks: Green Daily candlestick Looks for further uptrend
Summary: i take the tp closer to 1,1180 because of Safety ( Double bottom, Candlestick and 38.2 fibo weekly)
Entrys could be of buying at 1,1175( 61.8 fibo at the raising from Last day) with SL under 1,1140
But further selling under this Level is also possible..
So always think of Plan your trade and Trade your Plan
Lets See Whats Happend?I Hope everybody had a Nice Easter.
My Order was triggered and i m back Short with the Fiber. The Plan is Working.But when i Look at the whole Chart i am a bit scared...and because its almost the end of the Month and i am now in Cash and i Never got a Prize in this Contest i think of beeing more Safely.
So coming back to the analyis:
Fibonacci: The 38.2 of the Daily downtrend was respected but could be still discarded of the buyers because the 38.2 of the weekly Chart was also respected at 1,1145
Chart pattern: Double bottom at around 1,1150 (sign of uptrend)
Volume: high Volume at 1,1178 to 1,1220 also at 1,1270 ( so These are strong Levels)
Candlesticks: Green Daily candlestick Looks for further uptrend
Summary: i take the tp closer to 1,1180 because of Safety ( Double bottom, Candlestick and 38.2 fibo weekly)
Entrys could be of buying at 1,1175( 61.8 fibo at the raising from Last day) with SL under 1,1140
But further selling under this Level is also possible..
So always think of Plan your trade and Trade your Plan