For months price has been bouncing down our bearish channel.
Now, we will look to ride again in this channel.
Projection would be, we will enter short @ 0.69000 down to our long term target which is our baseline @ 0.65000
As expected last few weeks, price respected our lower channel support and sky rocketed.
now we expect for a small retracement before going for another rally.
Enter short after price reaches and gets rejected on top of our channel resistance.
As expected price got rejected and plummeted and reach both our demand zones.
Now, projection would be to expect another retracement rally up to our new supply zone which is at our outer extremity of our channel.
We look to enter short at supply zone down to our next target demand zone.
As expected on previous analysis just weeks back. Price went up and rejected on our Supply zone then plummeted. HAPPY DAYS.
Now, projection would be to expect a short term retracement to the upside to our newly formed supply zone.
A good entry would be at our newly formed supply zone and target is our Demand zone below.
Medium term trade with positive swaps at...
As projected on previous analysis few weeks back, Price was rejected at our supply zone then plummeted.
Now price rallied for retracement of our previous sell off at our 78.6% fib retracement.
Projection would be price will continue to drop down to our Lower extremity of our channel then go for another rally that will break our Supply zone.
A safe bet would be...
As projected, price rallied once more into our supply zone triggering our pending short orders before plummeting down and broke our 1st demand zone. MADE GOOD PIPS.
Now projection would be a retracement rally up to our new supply zone which is between our 78.6% & 61.8% fib retracement that also happens to be outside extremes of our main channel.
Enter at newly...
Price broke our supply zone after boris-varakdar meeting.
Now it is on our upper resistance line of our channel.
Projection would be, price will go down a bit then continue to rally until it is outside our extremes of the channel.
A safe bet with good risk-reward ratio would be to enter at our supply zone.
Always trade with a good risk-reward ratio and a stop...
Price skyrocketed last week making it outside our channel's extremes.
Projection would be price will retrace a bit then continue to rally up to our supply zone before going for another tank.
Yellow lines : Main Channel
Green Lines: Channel extremes border
EJ has been tracking down our bearish channel for months now.
Our projection is that price will go a bit lower down to our demand zone which is also our 78.6% fib retracement.
Once price is inside our demand zone we look to enter LONG up to our supply zone which is also our midpoint in our channel (possible resistance).
Price has been on a corrective phase from a previous sell off.
Now price is currently testing our previous demand now turning supply.
We look to go short one we have confirmation candles of rejection.
Projection would be down to our next demand zone.