Smoothieopath

Smoothieopath

We are currently at the fib retracement level 38.2% which coincides with previous supp/res, circled. THe price has moved down almost 200 pips and is oversold. We could be seeing a retracement to 1.29 - 1.3, after which it could go down to the white TL. So for now we're bullish.

Smoothieopath

We are clearly in an uptrend on a weekly chart, however, the most recent downward retracement has been steep and rather aggressive, signalling that possibly we will be headed down soon. BUT, after sharp moves there follow sharp pullbacks (usually). Seeing how the price has approached the shortterm uptrend line, the moving averages are all lined up above each other...

Smoothieopath

We are clearly at the strong resistance level here. Wait for the price to close above it to be bullish biased. Should the current candle close as a pinbar, we will have tweezers at the resistance line - strong bearish signal. Happy Trading.

Smoothieopath

Interesting bearish daily pin off the resistance. Target would be 9250. Hourly will help to time the entry. Looks like a bearish head and shoulders, entry on the break of 9520 downward. Happy trading.

Smoothieopath

Of course, this is a monthly chart, and anything could happen during the month to affect the direction, but as it stands right now, the EU is oversold, far from its MA's, and seems to be bouncing off strong support. I'm looking at the first target as 1.1000 clearly a psychological level, if this breaks, and I mean breaks, not just gets penetrated, we're looking...

Smoothieopath

Interesting doji formed on the weekly chart off the uptrend line. While I don't usually pay much attention to indicators, this time they actually line up nicely, MA's all lined up above each other, oscillator looks like it's ready to turn bullish off the oversold area. Zooming in to daily chart, we can clearly see the resistance around the 1.9200 level,...