KN_FXtrader

KN_FXtrader

The price is moving in a bearish channel. Waves are shaping as shown in the graph. My view about this pair is bearish. I think the pair would continue its downtrend after the retracement that is happening now. A good level to sell is fibonacci levels based of course on candlestick patterns too. That would be the end of wave 4 and i expect wave 5 to be as long as...

KN_FXtrader

My view about this pair is bearish based on waves. Let's see. I am waiting your comments.

KN_FXtrader

The price is moving in an uptrend channel. Wave 1 has been shaped. It is a strong wave following by a retracement move of wave 2. This retracement is expected to stop around 50% or 61.8% of Fibonacci levels. We can see a Zig-Zag pettern inside the wave 2. Level 4 is placing using Fibonacci extension.

KN_FXtrader

The price is moving in a strong downtrend channel. We can see a possible AB-CD pattern, however a strong support level is facing at the psychlogical level 1.0700/1.0675. The recent event in France might play a role in the continue. If the price break the support the AB-CD pattern would be much more valid. Otherwise, a retracement move might lead the price to...

KN_FXtrader

The price break the purple bearish tredline. However its ''mood" still seems negative. The previous high exists at 38.2% fib level. This levels would decide the price direction. I am still looking for selling options. Target at 1.272 fib extension. Keep an eye on fibonacci retracement levels and candlestick patterns.

KN_FXtrader

The pair seems unabe to go over the resistance area of 119.64/119.56. My target is 118.59 and 118.49 even lower.

KN_FXtrader

The price is in bearish mood. My first target is at 1.4597, where there is the previous low and then the 1.272 fib extension level at 1.4482.

KN_FXtrader

In the first part of our chart you can see the bearish trend of our pair. When the price create a new lower low then we draw fib retracement levels. The price is bouncng on the 38.2% level so we think that it might be a good level for pushing the price down again. Then the price is starting to move lower.Then we can use fib extensions in order to determine our...

KN_FXtrader

The price is now bouncing on the 38.2% fib level. We have an important trendline resistance. A breakout would push the price higher. However i think the resistance level (blue line) plus the trendline would push the lower to 1.272 fib extension level, which is my target.

KN_FXtrader

The price is moving in a bearish channel. We should look levels for initiating short positions based on candles' patterns. Target is at 0.6900

KN_FXtrader

The only tools we are going to use are resistance and support Lines, trendlines, EMA 10 and EMA 20. The strategy step by step is the following: 1) In the 4hour chart we draw the support and resistance Lines of major levels. We also get an idea of the intraday trend. 2)Then, we are going lower to 1 hour chart. We try now to draw channels or trendlines. Again we...

KN_FXtrader

The price tested the previous High. It is clear in a bigger timeframe. Based on candlesticks' formation a bullish trend is coming. Important level for intraday trend is 1.1308. I sugget to wait the channel breakout before placing long positions.

KN_FXtrader

The price is moving downwards after a strog uptrend. I am looking for short positions as shown in the graph.

KN_FXtrader

The price touched the lowest level from January of 2015 but it did not manage to close below the level of 117.84. A ascending triangle has been shaped now. We are waiting for the breakout.

KN_FXtrader

The price has insert into a downtrend channel. I am looking for short options. Fibonacci levels might be a good level for initiating them

KN_FXtrader

The price almost touched the 1.1500 level. It is obvious that bulls want to go over it. A small retracement happening now before try again

KN_FXtrader

The pair is facing a strong move downwards. It is now heading to the trendline resistance. Bears would push even more to 1.272 and 1.414 extension levels.

KN_FXtrader

The price moved above the 1.1300. Bulls target is 1.1432.An ABCD pattern is possible. Possible pullback to 1.1211 if pattern is valid and bulls do not manage to reach their target