We can see that the latest candlestick formation was the bullish engulfing. I expected that the period of retracement was over by confirming that the price already break the minor trendline and also the latest SnR that had been drawn in the chart. So, the signal of buy is there and price will be ride with the big trend (Uptrend). Hope we all may gain certain...
For the current being, i will be strongly sided towards Sell for the Downtrend. However the price is now on bullish and i assume that is retracement period is taking over. Line price of 1.3488 is the last area of resistance that if the price can break this price, i will assume that downtrend is no more valid and sideway will be taking over. I will avoid the trade...
We can see that a minor retracement had been taken place. The good thing is it seem that the minor retracement come to exhausted. We can see that a divergence had been spotted. However in order to validate the divergence, we need the price to break the trendline and the resistance line in order to keep moving uptrend. At the line of Support D1, it is the last line...
As we can see now, EURCHF had already break the downtrend trendline and close outside the resistance level. It gives a clear signal that downtrend phase had been over technically and awaiting confirmation to start the uptrend. I will suggest to wait the signal of Bullish Engulfing candle formation in order to make an entry. I hope it will help this community...
Bismillah
For the bigger timeframe, i would like to say that this pair is currently start moving up and uptrend will in surge. However, in the lower timeframe, which is TF H4, there is a valid signal that a minor retracement trend will be taken place. It can be clarified by price successfully breaking up the lower trendline of TF H4, and also close below the...
GBP/USD Technical Analysis Based on SnD
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1) Current Situation : Price are forming flag area. Bouncing each others among Supply and Demand Area.
2) Price are balance. Waiting for price to shoot with engulf candle pattern.
3) If price go up, then price might be tested the fresh demand.
4) If price go down, price will free fall...
