After a short breakout has failed on the higher timeframes in Sep 2015, an immediate reversal occured and this FX pair went all the way from 0,92 to 1,02. Ever since it hit that high it retraced, but never went as low as the previous low in Sep 2015. A possible trend continuation could follow if the indicated fractal buy signal is hit. It would mean the break of...
Possible scenario if the price break out the weekly resistance.
Nov 3 2015: WEEKLY GBPUSD in consolidation (Analysis Based on WEEKLY chart) Observations 1. Price has been consolidating for a couple of weeks 2. RSI close to 50 3. Price may break up or down. Potential targets are shown NOTE: Wait for price action to confirm the importance of this level. If you find this information useful. Please hit the LIKE button.
Hello Traders, Here I wanted to provide everyone with my weekly outlook on FX:EURUSD , by using simple price action and current pattern being formed. Let's begin: Simple Price Action : Looking only at raw price action we see that after a long selloff, market has gone into the consolidation phase and has been in this phase for the past 31 weeks or 8...