marcyap

marcyap

Idea: Ever since pair hit a key 161.8% fib extension back in Jan 2015 it has been in a long consolidation pattern (Mar 2015 - Feb 2020) and has never really rebounded from that level. A key low price to note is 0.68. Other than the Covid reaction in Feb 2020 - Mar 2020, price has never gone below this level. Now that we're in the recovery/retracement stage of the...

marcyap Updated 

Long-term Idea (Weekly Chart below) : Main trendlines on Weekly chart (white dotted line) suggests price might be consolidating toward the Daily Support pricing area (blue solid line “D Support” @ 1.07765). Prices seem to have been respecting both upper and lower trendlines so far. Upper trendline tested and 3x rejected on the 4H chart between 05 June 2020 and 16...

marcyap Updated 

BUY Reason: Downward retracement complete 78.6% (white dotted line), fibo extension also complete to 61.8% area (blue solid line), waiting for Day Close to stop exactly at blue upward trendline (strong trendline from Aug 2019, 3 touches and waiting to confirm 4th touch and bounce on trendline on 4H & Day candle) Idea: Look for buy entry on 4H and TP1 at 1.7170...

marcyap

BUY Reason: Downward retracement complete 78.6% (white dotted line), fibo extension also complete to 61.8% area (blue solid line), waiting for Day Close at blue upward trendline (strong trendline from Aug 2019, 3 touches and waiting to confirm 4th touch and bounce on trendline on 4H & Day candle) Idea: Look for buy entry on 4H and TP1 at 1.7170 (50% fib) as 50%...