KiBeCh29

KiBeCh29 Updated 

It would be preferable to wait for price to get past 108.420-725 area and reach the area around 108.420-217 for an opportunity to go long upon gud price action.

KiBeCh29 Updated 

So price did break below 0.98888 jut like we anticipated. Now we have a clear idea of where its headed and one could just hijack and ride along until 0.98500-400 or wait for a retest of that level to go short. Nonetheless, lets wait for price to reach its final destination and see how it will react. Gud Luck

KiBeCh29 Updated 

This buy has been a long wait. Now price has formed a TRIPLE BOTTOM and formed what looks like a miniature IH&S as it has failed to break above the area around 1.4631. Price could attempt to retest and hopefully break above it or just CRASH further down towards 1.45.... Gud Luck

KiBeCh29 Updated 

The bears managed to keep This down channel in motion and arent showing any signs of slowing down.Thus we can expect price to continue falling at least until its reaches the green zone between 1.85620-1.85318 before expecting bulls to intervene.

KiBeCh29 Updated 

Are we looking at a potential H&S formation?... with price reaching what looks like an area of confluence between different trendlines, can we assume that price will reverse and complete the formation of the second shoulder?.. and if Price action gives us a reason gug enough to enter, between 0.64099-0.64220 why not go short? #PatienceIsKey

KiBeCh29 Updated 

Alright Traders, if price fails to break this level around 0.98888 and gives us a gud long trade opportunity then we could be looking at a potential INVERTED DOUBLE HEAD & SHOULDERs. However if price does break below that level, we will be looking for a shorting opportunity upon retest of that level towards 0.98500-0.98400. #PatienceIsKey

KiBeCh29 Updated 

This is the 3rd touch of the trendline so price could potentially retrace back towards 0.99700 where it would be preferable to enter short. #PatienceIsKey

KiBeCh29 Updated 

What will price do???. Will be stopped at 0.68333 again? or brake past that level towards 0.68099? Nonetheless it is still looking bearish for some time

KiBeCh29 Updated 

It would be preferable to wait for price to make it back in the red zone around 1.70400 to go short on this pair and upon gud price action in that area for a first TP around 1.6900 and a second at around 1.68500. #PatienceIsKey

KiBeCh29

With this DOUBLE TOP formation, a break of the neckline and the trendline plus now a possible retest of the SnR, we can confirm that the Bears are still in control. If price fails to break above 0.63497 and gives us a gud price action that will be our go. Gud Luck.

KiBeCh29

We previously expected price to be held hostage and bounce back up in the 0.68920-0.68800 area and forming what looked like an IHS. However price broke that support which now looking like a strong resistance. As a result, if price decides to retrace back in that area and gives us a gud entry raison we will be looking for a gud shorting opportunity. Nonetheless...

KiBeCh29

We can expect price to continue the downtrend channel until it reaches the green zone around 1.68410-1.68120 where it could find support and bounce upward from. One could open a short position around 1.69132 for a TP in the green zone. Gud Luck

KiBeCh29

Alright fellow traders, Now that the "famous" trendlines have been finally broken, Do we agree that the downtrend is finally over? I personally believe so. There seems to be a gud confluence zone where the market could bounce back from and continue the uptrend. WHAT IF WHAT IF. Gud Luck

KiBeCh29

Are we looking at a potential INVERTED HEAD AND SHOULDER formation?... it would be preferable to wait for price to fall back in the green area between 0.68866-068786, get a proper price action signal then go for a buy. #PatienceIsKey Gud Luck

KiBeCh29

If price pushes up and gets stopped in the red zone between 1.46000-1.46144 and makes it back in the green zone around 1.45677-1.4530 and repeats itself and gives us gudd price action, it would be a gud opportunity for a long buy. #PatienceIsKey Gud Luck

KiBeCh29

preferably I'd wait for price to retrace back to the 0.63640-0.63699 area for better entry now that the DOUBLE TOP formation is complete and the trendline broken. We have a very strong level at 0.63333 and thats where my first TP will be. Gud Luck #PatienceIsKey

KiBeCh29

We looking at a good short trade of this pair now that it has broken the trend line and the neckline of the DOUBLE TOP formation. Waiting for a lil retracement towards 0.68787 for entry. Gud Luck #PatienceIsKey

KiBeCh29 Updated 

The downtrend movement is getting narrower and narrower. A break above the trend lines could be eminent. However at this stage predicting where the reversal will take place is a bit tricky. Better wait for the pair to give us the go ahead. #PatienceIsKey.