AkifTokuz

AkifTokuz Updated 

ABUS broke the resistance line and floating over the support line. Expecting a line comeback to support line or ex-resistance-new-support line (they might converge) to fuel up before the big leap. A touch on the midline would be enough to get on the train.

AkifTokuz

Two monthly MIDAS resistance lines turned into support. They converged on the right hand side of the chart. Support rests on 1.2250.

AkifTokuz

17:25 GMT update. Everything goes as expected so far. IMO, S2 is broken and cant support prices anymore. R2 is pushing price nicely down. EU is going DOWN. On the left side in close proximity, there is not any anchoring point which can give support for the faling prices. We need to go far far back left to find a support MIDAS line below these price levels. But it...

AkifTokuz

Waiting for bearish confirmation patterns occur at R2 or R1 for going short

AkifTokuz

EU respected MIDAS channel started back from 1999 multiple times. It will probably want to reach that band again. Target at least 1.24

AkifTokuz

Last MIDAS channel was anchored from the wrong bar in the indicator page so this is the one with correct anchoring. Basically MIDAS channels are now acting as resistance. Latest MIDAS channel is chasing down the price.When price comes back to channel wait for a bearish confirmation signal then go short.