THIS IS AN UPDATE TO MY PREVIOUS POST THE MARKET BOUNCED OFF SUPPORT AND IS NOW TESTING RESISTANCE
We have broken the 127.400 resistance line and broken the uptrend resistance which turned into a support... during the Asia session we witnessed a retracement of 583 pips. what I have done is change my resistance and support trendlines and my structure is as follows have a great day
Good morning. I don't have much to say about this analysis but to simply say that the chart formation has followed my analysis.
THIS IS AN UPDATE ON THE ANALYSIS THAT HAD BEEN DONE LAST WEEK .. THE EURO HAS GAINED STRENGTH AND HAS BROKEN INTO MY SECOND CHANNEL MY TAKE PROFIT REGION IS 128.800
Please excuse the delay in post, the incline analysis was analysed during lunch , South African time and its the best feeling when you see what you think , the price did drop but we are now back at resistance. Im still Bear on this pair and we shall see the outcome as the evening unfolds
THIS MY ANALYSIS FOR THE AUSSIE DOLLAR MY ANALYSIS HAS PRESENTED ME WITH A BUY POSITION AND I WILL BE EYEING ANOTHER 502 PIPS FOR TAKE PROFIT
MY ANALYSIS IS SELF EXPLANATORY. YOUR INPUT WILL VALUED
This is my view for the day. we have no major news for the day for both pairs and I see no further reason to why the pair would change direction after the previous analysis on a daily chart with a HEAD and SHOULDERS
MY TRENDLINE HAS BEEN BROKEN AFTER FAILING TO BREAK THE DOWNTREND RESISTANCE LINE. I HAVE TAKEN A SHORT POSITION AND WILL BE TRAILING MY STOP LOSS
I DID NOT TAKE THIS TRADE BUT I A SUPER CHUFFED THAT MY ANALYSIS WENT THE WAY THAT I ANALYSED. I HOPE THAT WHOEVER TOOK THIS TRADE IS IN GOOD PROFITS
AS YOU CAN SEE I REMAINED NEUTRAL WITH MY ANALYSIS AND INDEED THE FORMATION DID OCCUR I ENTERED AT 0.73400 AND LOCKED AT 0.73450
THIS IS AFTER THE 126.000 RETEST I DECIDED TO GO LONG AND MY PROFITS ARE LOCKED AT 126.700 AND MY TAKE PROFIT AT 127.000
TODAY WE WITNESSED A STRONG BULL, PRICE IS HEADED TOWARDS 1.15000 WHICH IS MY TARGET BUT IF WE SEE FURTHER MOMENTUM THEN WE SHALL BREAK RESISTANCE LINE AND TEST 1.17000
CHART PATTERN HAS FOLLOWED THE PREDICTED PATTERN
THIS IS AN UPDATE TO THE EUROYEN CHART THAT I POSTED THIS MORNING AND AS WE CAN SEE THE CHART HAS RETRACED 531 PIPS TO THE DOWN SIDE ALOMOST TOUCHING THE SUPPORT LINE. THIS I BELIEVE IS THE IDEAL BUY ZONE AND TAKE PROFIT AT 127.200
THIS IS MY UPDATE TO THE AUSSIE DOLLAR CHART MOVEMENT .. MY ANALYSIS STAYS THE SAME ON THIS PAIR
I SEE A RETEST AT 126.000 AND THAT TO ME WOULD BE THE IDEAL BUY AREA
Here I have with me an Aussie Dollar Chart on a daily and hourly chart The pair reached a monthly low on the 15th before reversing. I have drawn a channel and the rest is self explanatory.