Long story short: EMA14 and EMA 50 crosses each other after long wick candle touched PIVOT POINT and there was very strong BULLISH candle in exact spot which shows that market just has changed trend, by the way, long wick candle landed perfectly on FIBONACCI 0.618 which confirms my analysis, so now we wait for a pull back till 1.103 and then we can put our position for LONG trade. Take profit at 1.126 and put a stop loss at 1.100. IF this trade goes as it predicted, you should be able to make good few £££. RISK/REWARD ratio 6.74
OPEN YOUR POSITIONS AFTER THE PULLBACK AT 1.103
Confirmations:
EMA14 EMA50
PIVOT POINT
LONG WICK CANDLE
STRONG BULLISH CANDLE
FIBONACCI 0.618
TREND CHANGE
P.S. THIS IDEA IS MADE AS SIMPLE AS IT CAN BE, FOR A BEGINNERS TO HAVE A BETTER UNDERSTANDING HOW YOUR ANALYSIS SHOULD LOOK LIKE.
OPEN YOUR POSITIONS AFTER THE PULLBACK AT 1.103
Confirmations:
EMA14 EMA50
PIVOT POINT
LONG WICK CANDLE
STRONG BULLISH CANDLE
FIBONACCI 0.618
TREND CHANGE
P.S. THIS IDEA IS MADE AS SIMPLE AS IT CAN BE, FOR A BEGINNERS TO HAVE A BETTER UNDERSTANDING HOW YOUR ANALYSIS SHOULD LOOK LIKE.