After a strong rejection of 1,13, we are back to the old TR, where we have been for three months, and seems to please major players for now!
Several weeks TR and then decision - below 1,13, resume downtrend, above 1,21, confirms reversal.
Several weeks TR and then decision - below 1,13, resume downtrend, above 1,21, confirms reversal.
Comment:
Short - 1,1610, sl 1,1654, TP1 1,1535, TP2 1,1485.
Comment:
Labor day, draining liquidity, closing trade at breakeven. No trade for now!
Comment:
At present price no clear view. Stay away until clear break on the downside, 1,1580, or on upside above 1,1636- 1,1640. TF 4 H seems a sell, daily we have a inside bar, with bull body, so we must look carefully to the continuation of the present bear leg!
Comment:
The price broke below 1,1580. We sugest SL at 1,1582, first tp 1,1515, tp2 1,1460
Comment:
The price action developped as expected, but was not able to break D suporte at 1,1528, with strog rejection, a buy climax, from the lows to D1 resistence 1,1583.
We have in place a double bottom, wich is favorable to Bull side.
Nevertheless we still in the bear channel from 1,1720, that made a lower low.
For now, if price doesn´t break the bear channel, that will come around 1,16 at Europe open, we can try a short for another atempt to the lows, with tight S/L.
On the upside the imediate risk is 1,1660 -70, that can be set as a TP on a long trade.
We must keep in mind that we are in a trading range 1,13 - 1.850, for some months, and 1,1528 - 1,1732, for almost 2 weeks
We have in place a double bottom, wich is favorable to Bull side.
Nevertheless we still in the bear channel from 1,1720, that made a lower low.
For now, if price doesn´t break the bear channel, that will come around 1,16 at Europe open, we can try a short for another atempt to the lows, with tight S/L.
On the upside the imediate risk is 1,1660 -70, that can be set as a TP on a long trade.
We must keep in mind that we are in a trading range 1,13 - 1.850, for some months, and 1,1528 - 1,1732, for almost 2 weeks
Comment:
After today price action, DB is probably in place for a while.
So the chart show bull channel ( between the two arrows), with ultimate target around 1,18. Move below 1,1550, wil invalidate this view. have nice trades, if you agree with this view put a like on it.
So the chart show bull channel ( between the two arrows), with ultimate target around 1,18. Move below 1,1550, wil invalidate this view. have nice trades, if you agree with this view put a like on it.
Comment:
Price violated the downside off the bull channel, and is now on the acumulation zone - 1,1528 - 1,1550, if it holds, DB stil intact and upper targets still in place. Otherwise we can visit 1,1450 - 1,14. Until 1,13 holds still in TR 1,13 - 1,1850s
Comment:
For the moment we are in a "mini TR" of 130 pips (1,1530-1,1660).
At Europe open, 4H triangle descending line comes at 1,1615, eventual BO needs confirmation, then 1,1640-1,1660, distribution zone, must be overcome and clear the way to 1,1750.
Downside, besides acumulation zone 1,1524-1,1540, key level 1,15-1,1482, open door to 1,14-1,13.
Each scenario 50%/50%. Patiente will bring pips!
At Europe open, 4H triangle descending line comes at 1,1615, eventual BO needs confirmation, then 1,1640-1,1660, distribution zone, must be overcome and clear the way to 1,1750.
Downside, besides acumulation zone 1,1524-1,1540, key level 1,15-1,1482, open door to 1,14-1,13.
Each scenario 50%/50%. Patiente will bring pips!
Comment:
We have not close yet, but if this levels 1,1625-1630, hold at close, i don´t consider that a bearish close on the contrary. New daily high, above 1,1617 and above D1 EMA 50. 4H chart is trading above EMA 21, 50,100, 200, and very near senkou B, wich comes at 1,1630. 4 H triangle has been violated 2 times ( target above 1,18). . So,we still in a 4h downtrend channel, but with the meeting, and all the data tomorrow, i wouldn´t be suprise if the rysk is on upside. Be prepared, both for under 1,15, and for above 1,17. Key levels 1,16 ( risk dowside), 1,1660 ( risk upside).