As mentioned in my previous post the pair broke below the rising wedge and failed to recover.
The ECB meeting today also disappointed with its dovish message and downgraded growth forecasts.
Also, the committee is launching TLTRO program soon which also increased the pressure on the pair.
My initial target for the rising wedge breakout is 1.1180 which is also...
Monthly and weekly trends bearish, meaning the market is pressing it downwards. In daily we see the 1.13 level tested and rejected once, because it was indeed a strong weekly level, so the it spiked up some 5k pips. Now we see that the 1.13 level is getting tested again, this time causing a congestion thereby. I'm sure these irregular movements, beginning from...
Trade entries: long positions over 1.1435 with fib extension targets at 1.1485 and 1.1500.
Alternative scenario: watch this pair for further downside below 1.1435, targets 1.1420 & 1.1400.
Indicator: The upside momentum of the RSI appears.
As you can notice in the chart, the macd signal line crossed the 0.0 level in uptrend and at the same moment the price broke out of the resistance line in uptrend. Placing SL at minimum support and Target price with 2.50 Risk - Reward ratio.GBP
#EUR_USD just break the #Inverted_Head_Shoulders reversal pattern neckline at 1.1640 , and now #FIBER most probably will head to north within the next couple of trading sessions/days up to 10 days to hit TP targets of the #IHS at 1.1825 & 1.1865, before retrace back to the main #Weekly H&S pattern targets around 1.1200, 1.1000 & 1.0850 within the next couple of...
Peace be upon you !
Hey guys, I think its time for Fiber to make a major pullback. I will biased buy if price hit 1.179 as a confirmation of major pullback. We will long at our best price 61.8% area at 1.1525 with stoploss below 1.13. Ideal target is around 1.21 area.
I hope you guys get some ideas ! Please comment something below and let me know what you guys think ! :)
I am currently bullish on the higher timeframes for fiber as i think it needs a price correction before the longer term bearish phase continues. Price will seek liquidity as i have marked on the 4hour time frames. Price is currently on its was back to origin(a key supply zone) and a key psychological level 1.5800