I am a bull on this pair and looking for opportunities to buy.
2 thoughts on “Technical analysis 26/02/2016 (swing trade)”
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I am a bull on this pair and looking for opportunities to buy.
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Hi Nonhlanhla
Your analysis makes sense though I don’t see the new weekly pivot points on your H4 chart? Also with today being the end of the month MM4 is unlikely. Looking at H4 with new weekly pivots I see a bull entry at WM2/ 112 – which marks the bottom of the range as you correctly identified and the target for bulls is WM4/ 114 – which marks the top of the range.
You might have done this analysis on the weekend – my suggestion is to make sure that if your trade plan is done on the weekend though you only execute on a Monday or Tuesday you would want to make sure you add images with recent price action and new pivot points. You want the latest available info for your analysis.
Best
Ryan Gandalf van Jaarsveld
Skype Ryan.Gandalf
e-mail [email protected]
Coach MetaTraders.com
Analyst Forex.Today
Thanks
I will do as you suggest on my next trade plan.