The end of last week saw a huge sell off of the Dollar Swissy, with the market overextending through a major resistance zone . Price broke and closed below the 1.0015 area, which indicates to me a possible long term bearish trend could be experienced. Price has moved quickly in a short space in time , closing near the 1.0000 level, at levels of high fibonacci...
This is an opportunity for a long term trade that shows that IF market continues its downtrend to the 102.00 region (Nice round number), THEN there is a strong technical indication that price MIGHT reverse at that level.
Key Technical indications :
(1) USD has seen a downtrend vs JPY since mid 2015, coming of its highs of around 126.000 to current levels around...
Here's an idea of a potential bullish Gartley formation on the EUR/ZAR in it's early stages.
Looking for the formation of the B to C leg with possible points for C in the region between 16.66014 and 16.88450.
Updates of this idea will follow as the market moves.
Do not follow this blindly; always remember to make sure that any trade made by you needs to meet...
Potential bullish Gartley on 4 hour chart.
Currently looking for a break of current support to the downside before completing the pattern at the 1.3100 region, a nice round number.
Target 1: 131.963 region
Target 2: 132.558 region
Do not follow this blindly..always remember to make sure that any trade made by you needs to meet your own personal trading...
Potential bat on 4 hour chart.
Currently at level of structure however room for possible movement to the upside before completing the pattern at the 1.3407 region.
Target 1: 1.331 region
Target 2: 1.32321 region
Do not follow this blindly..always remember to make sure that any trade made by you needs to meet your own personal trading requirements. If it does...
