Update: this trade has failed. _______________________________________________ Just found the analysis below after I published my analysis of the kiwi. I understand this pattern as a high probability case for entry. And it aligned with what I've already analized. Due to my rule of engagement, I prefer to keep a high ratio/reward profile even because of the...
The trend is clearly bearish. I am expeculating a possible reversal and a support level.
We can observe a correction of a well-defined bull trend. Although, is the demand stronger after the last sell-out? Price expectation on the chart. :)
Grexit seems nice. Share a LIKE!
Structuraly speaking, the pivot point is to be watched very closely. I am assuming a rising-demand that would prevail over supply. $0.70 level maintained. Share a LIKE.
Watching closely for the possible rebound at support.
Until now, there is no clear sign of a trend continuation or reversal. Studying the recent dynamics of price, the long-term demand is facing a great surplus. But this could come to an end very soon.
Consolidation with a decreasing supply profile. A long-term demand supports the $122 level. Share a LIKE.
This pair is still playing according to a Greece crisis solution and a poor USA data. If the Euro zone still performs as it is and USA presents bad employment data, the $1.10 level should support well. Please LIKE if you enjoyed it.
This pair is a bit trick to perform a strickly technical trade. The $0.70 level should be a major psychological support. Please LIKE if you enjoyed it.
Update: due to a bad trade engaging, I was stopped out. Overall analisys still on play till futher notice. ______________________ This is my trade journal. Levels on chart.
The bullish trend may have a corrective move. The chart displays what would be more likely to happen in antecipation. If this analysis benefits you, please 'like'.