Confluence factors:
Price above 50EMA on daily = uptrend
Channel is broken
Retest of 50 fib level, possible retest of upper trendline channel.
INSTANT BUY at 114.687
STOP LOSS at 114.000
TAKE PROFIT at 117.000
Confluence factor:
Downtrend
Price under 50EMA
Bearish pinbar 21EMA
Bearish pinbar rejecting 61.8 fib level
DIRECT SELL at 1.16040
STOP LOSS at 1.17466
TAKE PROFIT 1.13034
Daily downtrend
Rejecting 50 EMA
Respecting trendline
Formed a pullback
Further downmove expected as support has been broken
DIRECT SELL at 1998.98
STOP LOSS at 1210.00
TAKE PROFIT at 1160.00
Daily downtrend = price under 50 EMA
Bearish pinbar rejecting 61.8 fib level (weekly)
Bearish pinbar rejecting daily 50 EMA
DIRECT SELL at 1.51586
STOP LOSS at 1.52500
TAKE PROFIT at 1.48200
Confluence factors
As the price retraced into the channel and broke the bearish flag, we are looking for a long position.
Pullback to 50 EMA daily foreseen
INSTANT BUY at 1206.14
Confluence factors:
Daily price above 50 EMA
Strong trend
Pullback to the 50 fib level
Instant buy at at 114.687
STOP LOSS at 114.30
TAKE PROFIT at 115.50
Confluence factors:
Daily downtrend - price under 50EMA
Bearish flag formation and broken.
Bearish inside candle.
SELL STOP at 1196.00
STOP LOSS at 1208.00
TAKE PROFIT at 1175.00