If price doesn't break the TL just above, We are looking at potential down move to around 1.64's then 1.63's. Feedback Appreciated :)
-- In general price is in a down trend bigger timeframes. -- Good time to short from the highs late 2015. Price had barely but closed above the 0.50 Fib (currently also), Since November forming a Double Top coming of the previous high just over a week ago. I will take a short position on the break of the Trendline.. Stops being C, w/ Confirmation To the PRZ's...
Descending Channel Double Top On Daily I'll Short this pair if price continues to reject.
Feedback Appreciated, Many thanks
-- Strong resistance @ 0.79270 -- If the Head & Shoulders forms, Especially because its at the peak of an uptrend. -- It signifies weakening price therfore will be likely to move downwards ( possible trend reversal ) -- This pattern & trade is valid once price falls below the neckline. Trade with care. Feedback Appreciated, Many Thank…
-- Head and Shoulders formed -- Also a 8 wave cycle which i believe will demonstrate bullish PA up to possibly the 61.8 ( marked ) -- Bullish Cypher -- If we go down to smaller time frames we should have bearish pattern/s forming -- I will await PA. A break below TL would trigger my order to sell first target D, SL previous cyphers 38.2
Grey highlighted Position & Arrow Targets Feedback Appreciated, Many Thanks
Feedback Appreciated, Many Thanks
I Believe we have formed a 1 Leg, Following should be a 2 leg retracement. -- I will post a short term entry with more confirmation.
If we see bullish PA above X 0.7750 C would be the bullish target Price should hold above 0.7700 However you may want to set and order above 0.77200 SL 0.76600 TP- 0.7770 TP 2 - 0.7805
Feedback Appreciated, Many Thanks.
Enter Now OR Close below TL with bearish confirmation signals a sell for me stops and targets outlined feedback Appreciated, Many Thanks
With a break below the highlighted green area, and a close i would look to go short.