Whalay

Whalay

The pair keep forming lower highs, hence the confirmation for a push to the lower side.

Whalay

If current moves settles price above support or in the red box zone, price can be reaching for a higher high!

Whalay

This is a very fundamental formation, just exactly as I have predicted movement on previous post for his pair. Now that correction is complete, is it time for a break or bounce? Price has obviously found support on the previous resistance. I'm taking a long position at the current market price with a tight stop just below the newly found support. Let's ride the horse

Whalay

The almighty 61.8 fib has been respected and price has failed to make a new high so the correction is expected to form a lower low on the 4hr and hopefully find support on the underlying trendline. Trader discretion is advised

Whalay

Price has been up for eight consecutive days against the greenback weakness. Close to resistance Overbought on most timeframes This pair needs a breather

Whalay

While my previous prediction on this pair has been justified, I am expecting a retracement of about 50pips to 61.8 fib before further downfall. Get a clear confirmation at 109.19 area before selling. A break of support/neckline at 108.26 gives way for further decline in price to 106.75 area. Short Entry: 109.16 ( limit order) Stop: 109.45 (78.6 fib) TP: ...

Whalay

Holding this trade till next resistance at 123.35. A pull back is expected before the next leg up!

Whalay

This is a daily timeframe which might not be suitable for an in-depth analysis but it does provides a blueprint for long term trade. In the mean time, the pair is expected to trade sideways between 109.69 - 109.19. There is a 50 pips leverage in the current zone till we find a direction as we know there are political situations surrounding this pair. Everything is...

Whalay

The marked box is a decision point for this pair. Is this a double top the second time? On the 4hr timeframe, price has slightly edged into the overbought territory according to the strength index which indicates that sellers might take action. This area (1.1176) is also a key resistance zone as we have seen price tested this zone a couple times. There is a high...

Whalay

Holding this short term long trade to 1.3499 area as a continuation of the current uptrend. This zone would indicate the R1 (as well a double top) before any retracement or a break above. SL @ 1.2800 TP @ 1.3455 (50pips) Indications: RSI upside movement Downward channel broken Uptrend active since break and retest of...