InvstingWise

InvstingWise

The price should decline even further with a potential leg up without touching the trendline in order to complete the 5 waves and the bearish crab formation. These conditions, with continuous divergence on the MACD, will provide better probabilities for the down move and even more pips to cover, since it will be of different degree. 1) Never risk more than 2%...

InvstingWise

Beautiful ascending channel on the daily that reacted exactly at 61.8 fib level. Also the ascending 4-hour channel with the continuous divergence on the MACD, gives good possibility for price to retest the blue bottom. In terms of fundamentals, you should be very cautious on Thursday due to Interest Rate Decisions on both currencies. 1) Never risk more than 2%...

InvstingWise

Bearish Bat pattern on the daily could lead price to blue trendline. Wait for a flag pattern before entering with simultaneous RSI confirmation. Since this week is full of Interest Rate decisions, please pay close attention to correlations between your trades to diversify your risk. 1) Never risk more than 2% of your account. 2) Try to be emotionless by applying...

InvstingWise

Wedge on the 4-hour timeframe with continuous divergence on RSI could lead the pair to the daily trendline. This move could easily happen till Friday due to ECB's Interest Rate Decision on Thursday. Before shorting, wait for price to confirm the break of 4-hour trendline since a move up, to slightly break the previous high, is still possible. Allow it to breath in...

InvstingWise

Divergence on MACD will push the price to retest the low for another potential move up to complete the wedge before the big move down, completing the daily ABC pattern. 1) Never risk more than 2% of your account. 2) Try to be motionless by applying your strategy to the pip. 3) Invest to yourself and then your capital. Try to educate yourself along with the...

InvstingWise

Bullish Gartley formation to the bottom of weekly ascending channel and RSI close to oversold conditions. ABC potential completion with divergence on the daily timeframe. 1) Never risk more than 2% of your account. 2) Try to be motionless by applying your strategy to the pip. 3) Invest to yourself and then your capital. Try to educate yourself along with the...