KairosFX1

KairosFX1

This analysis was shared a couple of days ago. Price is doing exactly what we said. It is almost time to sell; after the close of the next bearish cadle, below the neckline.

KairosFX1

The up trendline has been broken; price is set to fall. After the breakout, price has tested the neckline. I see sell if price closes below the horizontal blue line (neck area); first target : 79.60; second target 79:00 and third target: 77.75

KairosFX1

Our bias for ripple is long for the long term.

KairosFX1

Possible sell continuation

KairosFX1

Potential Head & Shoulders

KairosFX1

Potential Head and & shoulders

KairosFX1

The trendline has been broken; this suggests a possible reversal.

KairosFX1

Possible sell; potential double top.

KairosFX1

We will wait for price to form either of these scenarios.

KairosFX1

Possible sell

KairosFX1

Potential breakout and retest.

KairosFX1

Better entry would be a sell stop around 139.50

KairosFX1

Potential double top

KairosFX1

Sell

KairosFX1

Per our chart, EURZAR may retrace about 500 pips up, before a massive fall based on the weekly and monthly charts.

KairosFX1

We would have more confidence to short the pair if we have a bearish candle that closes below our box, as seen on drawing.

KairosFX1

We are waiting for this pattern to be fully formed before we take action, thus our stop will be reduced for a higher RRR (1:5)

KairosFX1

POTENTIAL HEAD AND SHOULDERS