targets are marked in blue. personally, ill be staying out of trading till after the NFP but this is just a possible scenario.
Price bounced from the 61 fib level. Personally, i'l be waiting for a break of the Inner trend line before i make my decision. Patience is key. Happy trading and hope #Marketcoperates
Simplified chart. Not much explanation needed. price has crossed all MAs to the downside.
These are my new areas of interest. The conditions i set have all been met. I've tried to simplify it as much as possible without cluttering the chart. Happy trading and hope #MarketCoperates
This is strictly an observation. Just thought i'd share it. Make your own informed decisions from your analysis.
This is a broken down simplified analysis, it's pretty self explanatory. Trade wisely!
Honestly, I'am not entirely sure about this pair, but my overall bias is Short (at least that's what i'm hoping for). Formations from the indicators show a downward momentum and candles are at resistance but we'll see i guess. Going to stay out and watch market reactions before i make a move. Happy Trading!
Price bounced from the 61 fib zone, If price crosses above the immediate resistance marked in blue, this pair could potentially form an ABCD pattern. However, if the resistance holds and pushes price below the trend line, next immediate profit taking area is marked in blue to the downside.
Check out the linked idea, Last week i predicted the pair will drop to the current levels. The downward momentum has been quite high, upon reaching the level marked in blue, profit taking will occur and the buyers will come in. However, it is always important to be patient and wait for the right conditions before one enters a position. Happy Trading!
Zooming out to the Weekly TF, this pair has made a complete teacup formation, the handle has been complete and i am completely Long biased from here on out. When price closes above the resistance marked by the triple red lines, I will be on the look out for buy opportunities.
Represented by the Green box, we can see a convergence of EMAs and MAs as i mentioned in the last post. EMA is crossing to the upside and StochRSI signal is also crossing to the upside, MACD still shows a bullish divergence if zoomed out, represented by the blue dotted line. My next target is the zone represented by the blue box as this is a major level if you...
I look into both fundamental and technical analysis to guide my decisions. FOMC minutes in a couple of hours will definitely shape the actions of this pair. Looking on the weekly chart, we can see the lower highs that has formed after price was rejected by the trend-line, and a cross downwards of the signal from the Stoch RSI. This combined with the outcome from...
Exercising some patience and watching price movement for this pair. My TP hit @ 1.22000 but i am still Bullish Biased. I will wait and see what price does around this key area as i do anticipate a minor retracement. I will make decisions as Price, EMA and MAs crosses this area/level. Also, pay attention to the divergence formed on the MACD. Patience is indeed a...
Exercising some patience and watching price movement. Although my TP recently hit, I still favor a bullish bias. However, As i am trying out a new strategy, I will wait and study the areas of interest marked on the chart as i am anticipating a minor retracement..
I've been watching price movement for this pair since the last couple of days because i am trying out a new strategy. As we can see, Price has been rejected by the Resistance zone and also by the Long term Trendline which caused the drop in the pair. The Blue Boxes represent areas of Interest, Also pay attention to the Two Indicators and the signals they are...
After price pulled back to this zone/level/area, It is important to pay attention to it. A rejection of this area will see price continue through the uptrend, while a piercing of this are will see price fall to the downside. Although, I favor a Long position because of the signals of the Stoch RSI, I will wait and see what price is going to do in the coming days...