Simone787

Simone787

M set up, the market has reached the highest price of the year Increased volume on bearish candle top bollinger line acted as a resistance line in the daily chart their was an equivalent M set up

Simone787

1840 is a key rsistance area in 1h,4h and weekly time frame.some build up has been occurring to push the market downwards

Simone787

Using the weekly ATR as the size of the candle, and downward channel, by the end of the week GBPUSD tend to hit 1.35000 t0 1.35300 this week either by the wik or body. the 200 ma acts as the perfect point of support.

Simone787

usdcad tend to respect 200 sma on 4h chart. you can use it as an areaa of importance

Simone787

Due to the upward rejection of the market. the bears tend to in control of next week trend. the market tends to respect the 150 MA .The short term down trrend is in its last face

Simone787 Updated 

0.73767 iS a resistance level that most of the bears are waiting to push the market from it. AUDUSD will be moving downwards to the support level

Simone787 Updated 

heading towards 0.88691

Simone787

as the market is making lower lows the bears have many areas to push the market downwards. from current position the market tends to break out and go the next support level

Simone787 Updated 

given that 150 ma in 4h act as an are of importance the bear tend to be incontrol

Simone787

the bulls are eager to push the market higher . wait for market to be oversold in 1d and 4h stochastic indicator and punch it

Simone787

as usd jpy is at resistance level and the market is on down trend, the market will be heading for the next support

Simone787

heading to the nearest support level

Simone787

sell upto the nearest support

Simone787

Using the retracementlevels the price is expected to move towards 61.8% level