IanMFX

IanMFX

As the pair approach a strong R/S we can observe what happened in the past. Although the past doesn't decide what the future will do. Back between January and September 2013, The pair fought well between these two R/S as shown on the chart. Will we see such show too in the next days / weeks between these two R/S : ? Althrough, right now, the Daily RSI...

IanMFX

If the pricing is approaching much more the 2.000 on this pair, what could happen ? We don't know but here's my analysis of the last time we channeled around that price in October 2007 to end of December 2008. An almost complete year of constant Daily battle. The more i'm looking at it, the more I see it like a space movie where a ennemy is approaching the...

IanMFX

TRADING THE PLAN Support held, Daily bullish RSI on 60 is bull divergence RSI on Daily bounced from Oversold = Long entry @ 85.00 to next Resist @ around 86.00 (Long term trade) Stops -20 pips below support ** Other points to observe ** Bat pattern formed on 60. D leg @ 85.40ish

IanMFX

Pair follow-up (My opinion) Montly: RSI Bearish divergency, held above RSI 50% Weekly: RSI Near OS , Possible Double top at important Resist Structure or Break above for HH in June Daily: RSI Overbought Lookout closely for long term direction decision.

IanMFX

Looks like there's two patterns here and the PA coming back to a resistance that magnetized the PA since January 2015.

IanMFX

Plan: Buy Bat completion near 1.5155 Cause for buy: 1) Bat PRZ, 2) 0.50 retr. on Daily, 3) Support near 1.5197, 4) ABCD into Bat PRZ Possible R/R ratio : 1:3

IanMFX

Let see if this will happen

IanMFX

I see two triangle as described in the balloons. Should provoke a continuation toward support which is also helped by the August 13th LL retracement : 0.786.

IanMFX

A bearish bat seems to form up but with the Bearish trendline in the way which seems to be respected. Will it break to complete the Bat setup ? MMMh! in a few hours, we'll see.

IanMFX

Detecting here a Bullish ADBC pattern in addition of a Bearish Wedge that could continue down to complete the ABDC pattern to hit the PRZ area. This PRZ area is also near the Weekly retracement @ 0.168 which would offert a better strenght to the PRZ in Mid-May, for a bullish push toward the targets. @Target 1: might bounce on the resist or might continue to...

IanMFX

Hey all, clearer to see on 4H, a bearish cypher pattern forming up ?

IanMFX

I See a possible ABCD pattern within the current consolidation on this pair 4H chart ? and better detailed on 1H. PRZ at arround 1.2740 or would possibly turn bearish near northern consolidation resistancem unless pair breaks to upside.

IanMFX

Mmmh! Possible Cypher on 4H, starting Jan 15 for X point ? Although the C point might be too high for the pair to reach has it would need power to break the 121.90 resist that held for a while.