price is at slope support, stop loss previous lows (30pips), targets green lines. 30min chart
tight stoploss, 20 pips below(below red line), good RR. Price jump back and now is testing support line. Possible double bottom. first target green line.
we are comming into tight wedge(market with arrows). For now we are in no mans land, so Iam waiting if price can manage it to the green line, there I will go long. Flor is stepping up(check horizontal picture) so I expect break to the upside, generally is the trend bullish. Purple line is first target, then I will watch if price can stay above the red dotted...
I prefer downside, will watch smaller timeframes weekly update(23.5.14):comments
red line was tested after break and now it should play as a support ahead wedge break. My stoploss is 101.95, below the red line. Larger view -daily -weekly
if the price can stay above the red line we will see further bullish continuation. This line was working very well more then month as a suport, last week there was a break but the price cant stay below and make it resistance. My stoploss is 1.6860.
Iam long here with tight stoploss(20pips), red line can give some support, was tested 3 times, context here is bearish, after red line break it can fall to the green line or blue lower paralel. I like this weekly where resistance can be suport now
I like the divergence, stoploss is 20pips below in case it will fall down it can fall to the red line, targets are green lines
if there will be wedge break from downside we can wait touch of the lower paralel, target is wedge hight
If the bearish trendline holds, I think there will be move down to one of the slope lines. I put tight stoploss in, 20pips above last high because there is slope resistance as well(marked with arrows), it must hold too for bearish scenario.
Looks to be good place for short, this slope line was tested more times and now it can work as resistance. There is good RSI divergence in 4h. Longterm R/S area
If this resistance holds, there will be bearish continuation possible, recent we have seen new lows. Daily view
1.5900 is broken and we are creating new LL, triangle target still not reached. 1st target trend channel, 2nd median line there is possible leg up to the red parralel , this is why I put main stoploss above previous LH