Rob-ert-Na-than-iel

Rob-ert-Na-than-iel

Key: Orange bars= Take profit Areas Blue bars= Key areas Overview For the long term I believe that this pair is going to be bullish. However, in the short term I think that there could be an opportunity to hop on and get in on the retrace down to the 1.1930 levels, because that is the last place where price stopped at, and it also lines up well with the...

Rob-ert-Na-than-iel Updated 

The overall trend of this pair is down. My bias would be to short this pair. Currently it is retracing and once price gives me these confluences, I will sell right down to the next Psychological level. CONFLUENCES : 1) BREAK OF STRUCTURE 2)BREAK & RETEST OF THE TRENDLINE OR PYSCHOLOGICAL LEVEL 3) CANDLESTICK PATTERN 4) EMA CROSS The green line shows the...

Rob-ert-Na-than-iel

For the last couple of weeks price has been stuck between 0.7800 and 0.7700. The purple box shows the area of consolidation. Since price has a tendency to move in patterns, price normally moves the same range in which it consolidated. So it moved about 120 pips inside the consolidation box so when price decides to breakout of the box it will move about 120 pips...

Rob-ert-Na-than-iel

On the daily timeframe one can see marked out that this pair is forming a head and shoulders, a bearish reversal pattern. Normally once price breaks and retests the neckline you would get into a sell, which price has already done. What I am now waiting for is one more confirmation to confirm my bias. On the 1 and 2 hour time frame, price is forming a M formation....

Rob-ert-Na-than-iel

My bias for this pair is to buy. Currently it is creating an inverted head and shoulders, a bullish reversal pattern. Once price breaks through the neckline of the of the pattern I will wait for a retest before buying up to 0.7750, the last place price stopped at and that also lines up with a key area. But before I get into this trade I need the following...

Rob-ert-Na-than-iel

My bias is that this pair is going long Fundamental: With the recent stimulus checks being pumped into the U.S. Economy, I believe that the value of the dollar will drop because the more dollars pumped into the economy equals a weakened currency. Technical On the 4hr chart, this pair is forming an inverted head & shoulders and once price breaks and retests...

Rob-ert-Na-than-iel

I think that this pair will continue to sell to at least 76.30. The pair is still creating lower lows and lower highs and following the downward trend. Also its at its around its key area . Before I get into this trade I will wait for the EMA to cross and a candle formation to form.

Rob-ert-Na-than-iel

I believe that this pair will continue to sell. The Ema has crossed, its a clear down trend and there are lower lows and lower highs. When this pair moves it normally bounces off of levels or around levels:00, .25, .50, and .75. Once it gets closer to .75 I will look for a candle set up to confirm the downtrend and sell. Tp1 76.25 Tp2 76.00

Rob-ert-Na-than-iel Updated 

The chart looks wicky and it previously has bought around the same price but just needs a confirmation.