In view of the weekly chart according to the Harmonic School of Analysis and taking Fibonacci Retracement of the waves since the beginning of 2018 and studying the nature of the movement and without ignoring the support, we can expect that the trading will take form of Harmonic Pattern, where two conditions have been achieved so far and we are waiting to achieve...
I wish price could move lower to capture a long trade from the extreme bottom as per my analysis for last week, but seems that the Dollar's up move for the past two trading days has ended my wish.
The plan is to go long on this pair as long as price prints higher highs and higher lows on the daily candles. We will take profit once a lower low is printed. Shorting...
We have successfully expected a down move for this pair last week and here we go.
Pay utmost attention at the support line for a possible reversal. Stop loss is 3.61.
For me, I will look for a bullish move from the support line up to the prior top at 3.78 as a long term trade.
This pair will retest the green line and maybe the yellow line. Still i am not buying/selling this pair till the whole picture is cleared.
Stop loss is 3.6222
As expected, this pair has tested the prior low and trying now to move higher. Its action form the new bottom (B) is not aggressive, therefore I will be watching it closely on the green line despite the fat that tomorrow's move could be to the downside.
I am not taking any trades on this pair now.
Use any new lows on daily candles to long this pair. Downside is limited and no stop loss for this trade.
Your likes would allow many TV members to see and get real profits from this chart.
I expect that this pair will continue to the downside for Monday and Tuesday. I will look at this chart again on Wednesday for a possible up move.
Good luck and thanks for supporting this idea by your likes and comments
FOREXCOM:USDILS
if we take alook on the pair at weakly chart
will see that clear starting to building the right sholder from support 3.58
next targets
3.606
3.625
and 3.65
all in medium term
and end at points
3.67
and the last target at 3.725
all this analyze at weekly chart
There are good shorting chances on USDCAD, USDJPY & USDCHF, but since I can only publish 10 ideas a day, I will pick this pair for my followers who regularly ask for it.
Early weakness signs have appeared on this pair and shorting this pair might be a nice idea. I am using two yellow trend lines as some charts do not show the middle spike.
The expected coming down...
We have successfully longed this pair last week and will add to our longs. Use the green line to long it. The said green line should hold once retested.
Stop Loss is 3.55.
This pair has moved a lot to the downside and its time to look for reversal or correction.
RSI is extremely oversold and a first sign for reversal/correction has appeared.
Watch the support line for a possible reversal. If you see a good rejection (removing 75-80% of the bearish candle), you may buy this pair.
If you want me to update this pair, give it a like.
