AkintaSam

AkintaSam Updated 

For this head and should pattern to be valid, a strong close is require below neckline and if the price could make a retest on the neckline as new resistance... Boom is likely.

AkintaSam

Two thing at point that most be taken so serious and that's the case of the 0.6880 as support and the trend line (Green line) standing as resistance. I will probably wait to see the price hold above 0.6930. Time will tell

AkintaSam

Maybe a new trend is emerging, but currently a 50% Fibonacci (121.40) from the downtrend swing is creating resistance while the downtrend is creating support at 120.40 (a 100 pips range). I expect a breakout on the upper side

AkintaSam

Price have been able to close above the resistance of 1.1162 from the support of 1.1076. I expect a rise to the 1.1210/35 zone before finding is way down to 1.1162 for a new support to rally up to the all time trend resistance line (Purple line)

AkintaSam

Base on my last review on the chart, i wasn't right about the resistance but i think was so sure about the fall. Now that the price close with new low, Bearish move is on his way down to 96.57 but the trend support should not be neglected. Let's keep a watch eye on the support

AkintaSam

Currently the price is facing resistance at 9350, but my real point of view is to wait for a close above this resistance for any long opportunity or go short if the price fall back inside the so called corrective channel (Best sell opportunity if the price fall back in and retest the resistance zone *rectangle zone*).

AkintaSam Updated 

I made mention of the 97.65 as a resistance to a friend in the Forex public chat on Monday. With this in my mind, i completely do not place any position (shorting USD against other) but still held some little risk in longing USD against other currency. Not until the trend (Purple) is being tested and rejected as support, will it catch my attention for shorting USD...

AkintaSam Updated 

With the help of 200EMA as support, trader are still somehow long and this trade could be the last drip before going short again once it hit the major downtrend (grean line) which is also around the 61.8% Fibonacci Retracement. Not to much to risk a leaser percent of my account. Am still bearish in overall.

AkintaSam Updated 

Now that the price as set below the neckline, sellers must be ready to pump in there positions... Below 1480 will be a massive short shooting (I guess), just watch.

AkintaSam Updated 

Yesterday buy confirmation of Wednesday indecision have put my total decision on going long. If this week could close above 54.60, next trading season might call for a strong buy from the majority. Holding long for now

AkintaSam Updated 

Dating back from the downtrend that started from Sep. 2018 and secondly, the retest of the resistance of the trend in April 2019 with a Fibonacci retracement (Currently the price is at 50%) from that point to the support zone in September 2019 most be calling for a strong selling (I guess).

AkintaSam

For the uptrend that started this year, there's probably a continuation of the trend if the price is going to hold above 27400 (which is the 50% of the Fib. Expansion), while the nearest resistance is somewhere around the 61% to 100% of the Fib. Expansion.

AkintaSam

If the price breakdown below 7400, then 6100 expectancy is certain and it could shoot a massive buying. Anyway, let's wait and see but currently, short position is regarded once the price hold below 7400 with 6100 as target.

AkintaSam Updated 

With the minor uptrend forming above the major trend from Dec. 2018, if the buyer manage to bounce back the price on the trend support or hold a strong buy above 1.6210... 1.6500 could be the possible next target for TP.

AkintaSam Updated 

If the price could reverse at the Fib. key level, this could be am not the only one watching this at moment. Let see how the seller react to this today.

AkintaSam Updated 

The major trend is downtrend and if market could get to the nearest resistance line (Also around the Fib. key level), this could call for major downtrend continuation if am not the only one watching the motherfucker'

AkintaSam

Possible reverse in price at this point of the short trend. Longing now on USOil