Xyden

Xyden Updated 

0.7500 is the next target to the downside. It acted as strong level of support/resistance in the past and align perfectly with the 78.6% Fibonacci retracement & with the weekly trend line. Moreover, we had a strong bearish momentum this past week & no sign of reversing. To enter this trade, we'll be looking for reversal patterns (double bottom, reverse head &...

Xyden Updated 

This descending triangle drawn on the Daily Chart could break to the upside and in this case 1.33200 is the first target & 1.35000 is the next one if the trend remains bullish. Or it could bounce on the trendline and go back to the 1.30000 area, retest the 1.30400 level before going even lower. I would wait to see how it goes after the market reopen before...

Xyden Updated 

As you can see on the chart, if the C point can end up in the blue box (between 0.382 & 1 fibonacci retracement) it would form a bat pattern and we could expect to see the D point to be in the indicated blue zone (0.886 fibonacci retracement). In this case, we could even see a push to the key level of 1.29000 before going to the downside targeting 1.28200.