This one is starting to look very interesting again. We can see the price action has retraced back to
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The price action is retracing now to test the 1H and 4H Kumo, so we look for a
I’m not confident with the movements of this one at the moment, and with the office closing shortly I have decided to close out with the 5 pips it has on offer. We will revisit this one again in the morning to see if we can find a better looking entry point
Slowly inching our way and just in profit, but take care we are not out of the woods yet. The yellow area is thin Kumo from another time frame.
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I am picking up just a few ………… Read more…
Right now the price action is dithering before it makes its move. I would have liked to have seen a slightly…….
Update
When we are going against the grain I always like to pick a few off as we go along, so I’m taking some off at +35 and lets see how it goes along the purple trace. (The ones who got on early may be up around +70)
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Just an update of the current position.
The price is trying to move back towards the trend-line /neck-line break so we will be watching for a potential ………
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I took +102 pips (maximum available +163) off this one but these do not get added to the monthly total as it was not an official trade, although I know a few experienced members jumped on early. Based on their entries they may have got upwards of 200 pips. Also if anyone followed the purple trace (see previous chart) they will have reaped good rewards
I will be giving some entry proposed levels when we get a test of the trend line break.
A few active members decided to get on this short early yesterday with good results. One reported +70 pips, so congratulations Mr P. (Head and Shoulders formations can work well and only have a small failure rate).
The trend-line has just broken however it is usual to see a test of any broken line. Here for the more experienced members who like to do their own thing, I have updated the chart with a potential trace. I will update again if and when necessary. I will also indicate a safer place for inexperienced members once the trend confirms.
We placed an initial starter trade , but its early days and there could be a good distance to go.
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