Sell below 88.40. Stop loss at 88.66. Take profit at 87.91. Reason for the trading strategy (technically): Price rose to our selling area and reacted off it perfectly to drop right to our profit target once again. We look to once again sell on major resistance at 88.40 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a drop to at...
Sell below 88.40. Stop loss at 88.66. Take profit at 87.91. Reason for the trading strategy (technically): Price has dropped perfectly to our profit target once again. We look to sell on major resistance at 88.40 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a further drop to at least 87.91 (Fibonacci extension, horizontal swing...
Sell below 89.18. Stop loss at 89.43. Take profit at 88.68. Reason for the trading strategy (technically): Price has bounced perfectly from our buying level and reached our profit target once again. We prepare to sell from 89.18 major resistance (Fibonacci extension, above major swing high resistance) for a reaction off this level to push price down to at least...
Price has dropped absolutely perfectly as forecasted and has reached our major support level. A strong bounce could occur at this major support level 88.43 (Fibonacci retracement, horizontal overlap support) which could drive price up towards 89.03 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support...
Buy above 88.37. Stop loss at 88.11. Take profit at 89.01. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area and reached our profit target perfectly. We look to buy above major support at 88.37 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 89.01 resistance (Fibonacci extension,...
Price is now testing major resistance at 89.00 (Fibonacci extension, horizontal swing high resistance, bearish harmonic formation) and a potential major reversal could occur at this level to push price down towards 88.43 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major resistance below 98% where a corresponding...
Sell below 88.98. Stop loss at 89.22. Take profit at 88.41. Reason for the trading strategy (technically) Price is testing major resistance at 88.98 (Fibonacci extension, horizontal swing high resistance, bearish harmonic formation) and we expect to see a strong reaction off this level to push price down towards 88.41 support (Fibonacci retracement, horizontal...
We had a strong sell down last week and sort of recovered. It indeed shows that the bulls are not ready to give up just yet. We have a typical strong resistant awaits near 87.8 to 88.7. So, I expect this level will be a good resistant for any bounce up. I am Slightly Bearish at this moment. Trade Safe s0nic Disclaimer: The information contained in this...
Sell below 88.43. Stop loss at 88.70. Take profit at 87.24. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area yesterday before bouncing above our ascending support line. This ascending support line would need to be broken to trigger a strong bearish move down. We still remain bearish looking to sell below major...
Sell below 88.28. Stop loss at 88.70. Take profit at 87.24. Reason for the trading strategy (technically): Price continues to test major resistance at 88.28 (ABC Fibonacci extension, 50% Fibonacci retracement, Elliott wave corrective structure) and we remain bearish below this level for a drop towards 87.24 support (Fibonacci extension, horizontal swing low...
Sell below 87.89. Stop loss at 88.47. Take profit at 86.69. Reason for the trading strategy (technically): Price is forming a nice reversal below 87.89 resistance (Fibonacci retracement, Elliott wave structure, triangle formation) and we expect to see a nice break out from here to push price down towards 86.69 support (Fibonacci retracement, horizontal overlap...
Sell below 87.89. Stop loss at 88.47. Take profit at 86.69. Reason for the trading strategy (technically): Price has continued to drop strongly as expected after breaking our major ascending support line. We remain bearish looking to sell below 87.89 resistance (Fibonacci retracement, horizontal overlap resistance, Elliott wave structure) for a further drop to...
Sell below 88.46. Stop loss at 89.21. Take profit at 86.69. Reason for the trading strategy (technically): Price has finally broken our ascending support and overlap support at 88.46 to trigger a strong bearish move. We look to remain bearish and sell on strength below 88.46 (Fibonacci retracement, horizontal overlap resistance) for a further drop towards 86.69...
Sell below 88.46. Stop loss at 89.21. Take profit at 86.69. Reason for the trading strategy (technically): Price is starting to reverse below strong resistance at 89.21 (Fibonacci retracement, horizontal swing high resistance, bearish divergence) and we need to wait for a confirmation to go short on this trade. Price would need to break our ascending support...
Sell below 88.09. Stop loss at 88.71. Take profit at 86.69. Reason for the trading strategy (technically): Price continues to test our major resistance area at 88.09 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) and we remain bearish looking for a drop towards 86.69 support (Fibonacci retracement, horizontal support). Stochastic...
Sell below 88.09. Stop loss at 88.71. Take profit at 86.69. Reason for the trading strategy (technically): Price has reached our selling area and continues to test major resistance at 88.09 (Fibonacci retracement, horizontal swing high resistance). We expect a strong drop from this level towards 86.69 support (Fibonacci retracement, horizontal...
Price continues to hover and test our major resistance at 88.04 (61.8% Fibonacci retracement, 78.6% Fibonacci retracement, horizontal swing high resistance, bearish price action) and a strong reaction could occur at this level to push price down towards 86.20 support (50% Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major...
Sell below 88.09. Stop loss at 88.71. Take profit at 86.69. Reason for the trading strategy (technically): Price is testing major resistance at 88.09 (Fibonacci retracement, horizontal swing high resistance) and we expect a strong drop from this level towards 86.69 support (Fibonacci retracement, horizontal support). Stochastic (55,3,1) is seeing major...