nukenoobfx

nukenoobfx

I believe the sellers are almost exhausted and that the buyer may soon take over. I see the pair is already showing over-sold and may just go down a little more before making a rally.

nukenoobfx

The pair has reached its all time high very recently and sentiment still show lots of buying so it seems --- I am suspecting some hint of MM strength backing the upward trend. I will just be waiting for MMs to get really exhausted before entering my SHORT position. I am watching this pair to reach the 125 price levels before considering another close analysis on...

nukenoobfx

The 4H chart clearly shows a 1.5650 resistance level for a period of days now. It appears to want to get there. As buyers are thinning out, only MMs will try to stop out early short positions before making their move unless GBP data is going to be spectacular. I am betting that sellers will dominate this scenario once price reach 1.5650. If I am wrong, then 34 pip...

nukenoobfx

Previous resistance is now support around 0.73 to 0.725 is about to be reached. 1H chart shows it over-sold and may bounce off the 200SMA, on the 4H chart it show it is nearing a bounce off the 50SMA.

nukenoobfx

The pair is nearing over-bought territory and candle are now showing long wicks as price is being rejected. Waiting for price to confirm direction based on candle patterns and the MACD topping its current levels. Not taking any trade off of this yet. Stalk-mode.

nukenoobfx

Pair is overbought and there are now very few buyers and may eventually fall back. Potential price range it may go is the 1.090 to 1.085 or so levels. MACD has crossed meaning buyers are exhausted. RSI slope on the downward side on the daily chart