cnonahg

cnonahg

The market closed on Friday with the formation of what looks like a potential head and shoulders obvious on lower timeframes (M15-H1). On H4, price is actually declining/descending from a weekly high attained last week, where it created an equal tops with last 3 weeks or what you can call M-pattern/double top. Meanwhile, the potential head and shoulders pattern...

cnonahg

I expect anyone on this trade to set a trailing stop loss and manage your trades because you should be in deep profits by now !!!

cnonahg

Price may likely remain within the descending channel for a while. In the meantime, i am expecting a price push upwards to the 143.672 zone. If price eventually gets there, i will exit the short term buys and then go in for a longer sell trades as shown on the chart. That is to say that the overall trend is still bearish.

cnonahg

This pair was analyzed yesterday the 13th of November. While many analysis said an overall bearish move, i rather saw a symmetrical triangle from the H4 TF. Although it didn't seem like it but that's why there is need for a trader to always trust in himself and have confidence in personal analysis. I had to take my sniper buy positions at the base of the...