NYSE:JMIA This overreaction is the best, we have so many things we can't wait to share with everyone. First we have a massive gap after the overreaction upon earnings, many of which are bought right back as every reaction is an over reaction. ( We're sure JMIA would meet the necessary in order to be profitable. ) Second, on the 15M chart we have a ascending...
Ascending Breakout / Head and Shoulder Pattern Breakout. Optimal Risk/Reward if price Retraces back to it's 38% Zone also our New Resistance, definitely a great structure zone for rejection.
The Euro/Kiwi, price action shows us that price broke out of it's ascending trend. I'd like to wait for daily closure once market opens and see where prices can potentially retrace back to using Fib. Calculating Target to Key Support Level.
In the hourly time frame we see price pushed up to an important level of resistance and then reject below breaking out of its respected uptrend. The Market is showing us that price can begin consolidating at the key swap level price is at right now and this breakout could be an exhaustion for the bulls before they come back in with another impulsive push up...
Price Action (Technical Analysis): I don't like to over complicate analyzing any pair or currency so here we have the Dollar rallied up to an interesting area to begin reversing and possibly breaking below our ascending channel. Price can very well progress to faking out retail traders and push up higher into our resistance zone. Fundamental Analysis: We mostly...