Downtrend continuation, met with clear resistance from window created on 15 June. Watch out for bearish candlestick. 78.99 is key price to break. EP@ 79.462 SL@ 80.392 TP1@ 78.692 TP2@ 77.0 RR~ 1:2.65
Likely reversal after spinning top, wait for bearish candle to print before EP. EP@ 1.5987 SL@ 1.6269 TP1@ 1.5821 TP2@ 1.5602 RR~ 1:1.37 Can hope for TP3 ~ 1.53, but likely a long shot at the moment.
Bullish movement ranging within channel, wait for bullish candlestick confirmation. Aggressive traders for bigger RR can enter now. EP@ 113.385 SL@ 113.069 TP1@ 113.653 TP2@ 114.032 RR~ 1:2.05
Reversal with ascending triangle. Best entry with limit order @ 1.77327 EP@ 1.77327 SL@ 1.76577 TP1@ 1.78838 TP2@ 1.82637 RR~ 1:2.01 (TP1)
Retest of uptrend line, bulls rejected bearish candle stick on 4Aug, wait for second bearish candlestick confirmation. EP@ 0.90435 SL@ 0.90756 TP@ 0.8980 RR~ 1:1.98
Upcoming test of trend line, EP after breaking mini support level at 1.17199. Critical to see price action from subsequent candle stick. Trade invalid if it breaks 20EMA, therefore would not agree to put SL above 1.18. Risk-to-Reward not really ideal. EP@ 1.17199 SL@ 1.17756 TP@ 1.16343 RR~ 1:1.54
Test of uptrend channel at bottom of channel, wait for bullish candlestick signal. Best entry when Stochastic crossover, as there was success in past 3 instances. EP@ 0.96584 SL@ 0.96042 TP1@ 0.97033 TP2@ 0.97568 RR~ 1:1.82
Second test of downtrend line. Bear EP@ 1.48633 (1.4877 for more aggressive trade). SL @ 1.49333 TP1@ 1.47657 TP2@ 1.46548 RR~ 1:2.94
Retest of uptrend channel, series of reversal signals at edge, wait for entry when it enters inner channel. EP@ 1.59662 SL@ 1.60637 TP1@ 1.58732 TP2@ 1.57292 RR~ 1:2.43
Retest of resistance at 87.84, currently consolidating. Possible continuation of downtrend. EP is low to avoid fakeout, as RSI is flat. EP@ 87.460 SL@ 88.05 TP1@ 87.0 TP2@ 85.937 RR~1:2.58