I would watch for a pinch and a massive drop. It should get pretty wild if it breaks out. Watch for flag to downside for a sell opp. buy off the bottom longer term trendline. The only thing that has me second guessing is if this will be a follow up to the brexit drop and have a massive sell off. Weird thing is it hasn't been this low since 1985. Buyers market!
looking at wave structure. lets see how this trend continues. Climbing more for now.
for practice bad RR could hit sl before upside. long term upside it it goes well.
seems to move on the 110/210/310 and so on. buy and hold/ also hit 61.8 fib b on the past low possible deeper drawdown before the rally up
looking for for another spot to add buy positions.
watch for short term moves on continuation of this trend up.
with much momentum coming from the dollar dropping right now I see a bullish push in this channel potentially forming a part of a larger correction with another rally in the near future.
looking to short this pair do to the flag formation. stop above 61.8 fib level
Big resistance on the boom there with a channel up. could stick to the channel a bit further before breaking and even lower lows. Appears to have triple topped inside the channel.
looking to stay short and seems like a good time to do it. I would wait for one more move up for a better entry. 2% loss risk
Am I seeing double. My gut is still long but I'm swaying myself to short this one. What are your thoughts?
Depending on Eur moves I believe this could have another bigger move to the upside.
looking for this to reverse on the next support. regardless if you use S&R it still is a key area of demand and buyers will take action.