Expecting it to drop downwards to $13 over a while. That would be a great place for a buy following the long term trend. Companies cash position is great, P/E is low.
EURGBP is still in the channel. Expecting a downwards movement soon close to 0.89 I will put a sell at 0.8895. The Fib line has been holding it for awhile so sell some there okay! :)
4 hour view
A break of the 200 ma convincingly would bring EURUSD pair to test previous highs at about 1.172.
Due to the low risk reward nature of the trade, I will not be longing the pair until my short target of 1.172.
Shorting the pair would be safe until the top trend line is touched. I suggest taking at least 50% of profits there.
A break back into the...
This will be fun. RSI decreasing with each high.
Ascending wedge. Entry point would be best at around 1.59.
Risk reward ratio isn't bad if you took the trade if the next 4 hour candle shows weakness.
Good luck.
RSI has been rising with each low.
Touching Fib line.
Ascending Triangle.
Expecting one more small decrease to about 1.31555 before a break out at the top of the triangle.
Close at 1.34.
Friday was a good day for the market green everywhere and our friend Nasdaq bounced off the 61.8 line. I believe that the market is still unstable and will only put a long on HKD33 if it touches its 61.8 line.
Not financial advice... etc blah :D
