2 Possible levels to take profit on longs or look for retracements... First one at current price, second at MA 200...
This down move is very strong and looks like it may be the new down impulse... Last support coming up... If it breaks possibly parity or beyond... Don't be surprised if we get a scenario like with GBP some weeks ago..., big move may be coming, be ready...
Getting oversold again, support close... Watch it though: longterm "up" trendline broken, see weekly idea for possible bearish targets if it breaks support....
Up for a retracement I think... Oversold and reaction at the top of the up channel with some fib confluence... Structure of the retrecement we will have to see, 3 or 5 waves... First move could be re-test of the broken trendline close to the 107 level... Watch the MA's and the bottom of the up channel for possible reversal to continue the uptrend... Short for...
Above the trendline and above 1.25 again... Long targets and levels to watch for a possible retracement depicted by the blue circles... Main one is at the possible S/R zone with 0.618 ret. and MA(100) confluence...
All stops cleared, back on our bullish track now... Possible level of pause or reversal lies around the 81 level where we have a possible bearish Cypher completion ( allthough we didn't quite meet the 1.27 ext for C... ) and the MA(200)... ATTENTION : Watch it though, based on my weekly bat idea the actual first important bullish target lies around 86.00...
Finally looks like the reversal is setting through, see my previous idea's. Trendline broken, need at least the daily close above it but looks like that will be no problem... Look at that volume on today's daily candle..., this could go fast and hard... Watch out for possible large swings due to increased volatility though... Now at the 0.786 Gartley PRZ but I...
Uptrend channel broken but highly oversold stochastics could again give us some bullish movement now... If we only form a corrective pattern around the trendline we might continue lower when the pattern is complete... BUT: US election could provide a new impulse to push way up to complete the weekly AB=CD...!!
Bullish AB=CD at 0.618 ret. of up move, oversold stochastics. Possibly a little more down to the support area but overall looks like it will be giong up again...
For now it looks down again but we might have a good long opportunity coming up around the 150 round level...
Possible long opportunity if we break the possible flag pattern... Could be limited in upside based on wave structure and harmonics (possible bearish Gartley close to completion)... Try looking for setups on smaller TF's... Up target based on the Gartley: 117 roughly Down targets for the Gartley: 107 and 100 roughly
Update, zoomed-in for clarity, added breakout trendlines... Still biased short, enter on confirmed breakout... Alternative: If we break the trendline drawn over the tops to the upside we can consider longs again... I prefer the bearish scenario! Waiting for confirmation...
It's possible that we are going back down now... Look for a lower TF setup to sell into a possible down move... SL above the double top high (± 52) 2 main targets: 1) trendline and/or channel re-test level 2) Possible bat B support... >> 1 extra longterm target possible: the possible bat D completion point around a price of 29$...
Daily overbought, weekly oversold... I still believe in the longterm extreme bullish scenario... Break of the large downtrend and 1380 could trigger an extreme move imho... I bought 1250, will add long if it drops to 1210-1205...