Weekly: Price is currently at weekly resistance 1.12000. Nonetheless it is currently in a down trend making LL and LH. Daily: Price is in a nice channel. It is on its weay to touchdown on the bottom of the channel before its potential continuation up. 4 Hour: Price completed a head and shoulders formation with break through the neck. It is retesting the neck at...
Weekly: Price is at major resistance area at 0.76000. The candle did not close bullish above last weeks candle followed by the bearish shooting star. Finding a nice short would be a good idea before its continuation up. 4 Hour: Price is in a nice upward channel. I see a possible Head & Shoulders pattern forming. The right shoulder can possibly form in the price...
A visual of a H&S completing a right shoulder of a H&S
A gorgeous head and shoulders has formed. Candle closed above the neck. Good area for TP is between 1347.37 - 1350.13
Weekly: Price is in a nice range. It cannot be determined which way the breakout will occur but this range configuration is enough to enter a trade. Daily: Price is in the center of the range touching down at major support levels. It needs a little help to break through the support. 4 Hour: Since we are shorting this trade we are to find good ares to enter at....
Weekly: Price has hit a major support area at 101.500. It has been a nice test but It will have to retest it sooner or later. Daily: Looking at the daily price is moving on a nice downtrend. Price hit and rejected the 50 MA numerous attempts confirming it has turned into a dynamic resistance. 4 Hour: There can be either of two areas which can bring price down to...
Weekly: Price is in a nice uptrend. Price is in a pullback phase. Daily: Price has reached a major support at 0.70000. There were multiple rejections of price. Seeing this seems like price is in a good buying area especially looking at the last two closing candles. 4 Hour: I see a potential Head and Shoulders pattern for its continuation down to the trendline...
Weekly: Price is in an uptrend. The trend line has not broken and is seeking higher highs. Daily: A gorgeous ascending triangle is forming with presumable assumption that the breakout will be to the upside. Price is in major resistance at 1.31500 4 Hour: Since we are to want to long this pair let us see where to enter. On the 4H chart price is trending in a...
Weekly: Price is currently in a downtrend. The 20 moving average is currently being used as a dynamic resistance. We will use this towards our trading plan. The end of the week candle closed as a bearish pinbar. The size of that pinbar in relation to the previous bullish candle is not convincing that price is to continue its way down. Daily: Looking at the...
Price may be bouncing back due to major support area at 0.70000. Can there be a possible continuation move down? Lets take a look. A very nice head and shoulder is something to look at to help go through the resistance. Price may retest newly made resistance for its continuation down to 0.67000
Weekly chart is indicating a nice uptrend. There is no clear indication that trend has switched over to bears. That being the case lets look at the daily chart. This week has given us a clear indication of an upward trend continuation. Lower highs were beautifully created on the daily timeframe. Let us go deeper. Looking a the 4H chart we can see a bullish...