Hola traders, hope you all have a great weekend.
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QuoteDislikedHello, excellent thread and i know your all busy so i will be quick and not waste to much of your time. Is there a place where i can learn these chart patterns you use and how do you calculate risk reward scenario? (1.1 or 1.5) Any help would be much appreciated and get me up to speed. Thanks Juls.
DislikedHi,
I see a possible setup on AUDUSD 4H. The Price testing the downtrend line, on a fibo retracement of 78.6 and is probably making bearish engulfing bar right now. The SL though is somewhat large, around 100 pips, but providing that down channel, maybe we can expect 100 more pips on the downtrend.
But a bullish pin bar is formed on 1H..dunno wether that means the price actually has broken the trendline and using it as support now..
Please comment this..
Happy pipping..Ignored
DislikedHi,
I see a possible setup on AUDUSD 4H. The Price testing the downtrend line, on a fibo retracement of 78.6 and is probably making bearish engulfing bar right now. The SL though is somewhat large, around 100 pips, but providing that down channel, maybe we can expect 100 more pips on the downtrend.
But a bullish pin bar is formed on 1H..dunno wether that means the price actually has broken the trendline and using it as support now..
Please comment this..
Happy pipping..Ignored
DislikedThe strong movement has generated pretty nice entries for this week. Hopefully below are the only trades that I will be taking this week. =)Ignored