Price action's playing out as analyzed last week, so here's a quick one.
Our predominant trend on this time-frame is bearish since we have a series of lower-lows and lower-highs
Price has also hit our daily support zone coloured green
Candlestick patterns at 11/02/19-12:30 showed a possible trend reversal.
Price seems to have completed a wave (i)...
Our preference: short position below 1.1660 with targets at 1.1600 & 1.1570 in extension.
Alternative scenario: in excess of 1.1660, aim for a continuation of the increase with 1.1690 & 1.1720 in the line of fire.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
Nice example of structure break, price is above the previous swing high.
Now we are making higher shing hing and higher swing low. Which can be considered as up trend.
Yellow lines and ellipse marked may work like support or resistance in coming future. I am not suggesting any trade but wanted to share nice example of ...
It is in a steady upward channel on 4h, recently broke through a pretty strong resistance and key level at 1.07. I don't see the trend line stopping it from continuing bullish and I believe with a weakening DXY we could see the start of a steady and long term overall bullish move from EU
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Happy weekend traders, what an end to the year we have on our hands.. as most of you know already I have been screaming parity for some time!
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I know a lot have been asking me for my outlook on EUR after last weeks events so instead of getting back to you all individually I thought this idea was the best course of action, do let me know your thoughts and as always your likes are most welcome!
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Happy to be back on Tradingview guys, hope you are all enjoying Brexit profits, please continue your support by giving this a like and comment!
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