Two weeks ago i posted idea about GB/SGD which played as expected...this time it's the same concept...continuation after correction, with target (1.82952) which is rejection level...
At the moment price is under reliable resistance zone(10955), but i don't think it will last there forever, so soon it will be broken. Also we are at the 0.786 fib level, i'm expecting that price will move into one more impulsive move to the upside as it did recently breaking (10784) support level, and will fight with record high (11072) level as price bounced off...
Good looking pair with clear break off bullish flag, with perfectly placed 0.618 fib level that acts as a support...it can be a good Buy opportunity if price manages to test that fib level, but in overall my view is Bullish on this pair
Price recently broke out of the descending channel making W pattern at reliable support level (16.36370). As well 0.382 fib level acts as reliable support. Expecting price to grow with time.
Price is currently at the top of (Global) Ascending Channel on 4H, and breaking out of (Local) Ascending Channel at 15M, expecting impulsive move to the downside.
Previously i made post about AUD/CHF going up, after price bounced off trend-line, but all it did was accumulate at the bottom of the channel and currently broke out of it, expecting price to drop
Price recently touched ascending trend-line for the fourth time, which indicates that it has some little respect to it. Now we bounced off previous mini support level (0.65555) which is a good Buy opportunity with Risk/Reward 1 to 4...expecting price to go rise.
At the moment CJ looks bearish as price is about to break bearish flag...low time-frame is always a good thing to use together with High time-frame...at low time-frame we can see that price made impulsive move down, now its at correction phase, big probability is that price will drop (impulse, correction, impulse, correction). If next move is impulsive on 30m...
EU looks very Bullish, as price recently bounced off monthly ascending trend-line. On 2 week time-frame, price is breaking out of Bullish flag with 0.5 fib level underneath it (1.15959) , which perfectly acts as support. If price manages to re-test it, then it'll be a perfect entry for Long-Term Buy position, with first target at (1.25500) and last at (1.59000)
