viqtah

viqtah

Chart is about to finish forming H & S pattern. Opportunity to go long.

viqtah

On The weekly chart, the pair looks to have formed (rather in the process of forming) a Double Bottom pattern as its met a strong horizontal support line. Idea is to go long once the neckline is broken.

viqtah

If the recent support horizontal line will hold then a double bottom pattern will be formed indicating to us to go long. Another confirmation is that the stochastic RSI is in the oversold zone meaning buyers are gearing to rally this pair.

viqtah

A head and shoulder pattern is likely to be formed. when completed, one can go long after breaking the neckline.

viqtah

We have a head & shoulder pattern in the forming. A short position looks to be in the offing.

viqtah Updated 

The horizontal Support level has been holding since early this year but was previously broken in August hence turning it into a resistance level. The level was later broken in September turning it back to a support level.This level was again broken yesterday that has turned it to a resistance. The downtrend resistance level that has been holding since early this...

viqtah

Price is making a higher low (HL), but the oscillator is showing a lower low (LL). Trend is most likely to continue going up.

viqtah Updated 

The pair closed below the daily trendline support level (might be a false breakout) but the horizontal support level seemed to hold. Next week we may see the pair retrace upwards if the candle formed on Monday will close above the trendline support level.If it does, wait for the pair to cross the neckline then enter a Long position. If the pair does not close...

viqtah

A hidden bearish divergence formed. Probability of the trend continuation (Short) is high.

viqtah

If the new support level will hold, a double bottom pattern will be formed and I will be looking to go long when the neckline will be broken. Aiming for 100+ Pips if the analysis works out.

viqtah

Downtrend Resistance level was broken in mid September turning it to a Support level which was tested yesterday and it seems to be holding. Major horizontal support level that has been holding since May was broken in August turning it to a resistance level that was then broken in September turning it back to a support level. The level was again broken yesterday...

viqtah

I think if the neckline will be broken, chances are the market will be on a rally upwards.