KatlegoKing

KatlegoKing

Break out up would be bullish but break out down would be bearish! In general I am bullish because of supply threats, so I would not make a sell, even if it breaks down unless it goes below the 69 level.

KatlegoKing

..

KatlegoKing

forecast

KatlegoKing

N.B: Dotted triangle based on line graph.

KatlegoKing

either a correction or a reversal!

KatlegoKing

break of trendline or retracement!

KatlegoKing

Wait for break on either side

KatlegoKing

It looks as if there is a correction in the market, hence I suppose it could drop at the current fib level! If not follow the arrows

KatlegoKing

Right now GBPCHF is very bearish, break of consolidation evidence of continuation of previous strong move down! This is my update on last weeks bearish analysis before the break!

KatlegoKing

GBPCAD

KatlegoKing

Not the best risk to reward, but a high probability move down

KatlegoKing

immediate opportunity for week open to be published in the next idea titled: 'EURUSD Monday morning entry'

KatlegoKing

Following my previous EURRUB idea, you can use this one to enter for that longer term trade! Enter when and if the following happens; Price is above the moving averages Moving averages have crossed with the higher one at the bottom The red DI on the ADX is above the green ADX above 20 Preferably this all occurring outside the red box

KatlegoKing

If price close above trend-line, buy, or wait for close above the previous high then enter after! Be careful because even after it breaks trend-line until it breaks above the previous high there is still high chance of moves down to retest the 0.382 or 0.5 fib levels.. Breaks of this levels would be a symbol of bear strengthening.

KatlegoKing

Break out of the top of my momentum bound range is a symbol of regained momentum to the upside!

KatlegoKing

..

KatlegoKing

Targeting lower 4000, upper 3000; based on Fibonacci!

KatlegoKing

too tired to type haha