PawnMeNot

PawnMeNot

4H: Price retraced back to uptrend support channel confluence with horizontal support line at 1.5850 1H: If price breaks above the downtrend blue line, there is a potential H&S formation. And if price is supported above the 4H horizontal support line at 1.5850, it could signal a bullish wave upwards. Position: Long Entry: 1.586 Stop Loss: 1.571 Target: 1.616...

PawnMeNot

Daily: Bullish pin bar and fake breakdown at daily horizontal support at 0.8670 Price approached downtrend channel support but rejected lower prices with a bullish wick at the 4H time frame as well. Position: Long Entry: 0.8715 Stop Loss: 0.8630 Target: 0.8885 Risk:Reward = 1:2

PawnMeNot Updated 

Daily: Broke uptrend support at 1.63270 Currently re-testing the support turn resistance line 4H: Reject prices at 1.6350 horizontal resistance line Bearish rejection wicks. Position: Short Entry: 1.6285 Stop Loss: 1.6405 Target: 1.6045 Risk:Reward = 1:2

PawnMeNot Updated 

Daily: Broke uptrend support line Currently re-testing the support turn resistance line at at 0.96125 4H: Reject prices at 0.96125 horizontal resistance line. Potentially forming triple top rejection. Position: Short Entry: 0.96 Stop Loss: 0.964 Target: 0.952 Risk:Reward = 1:2

PawnMeNot Updated 

4H: Broke uptrend support channel line Forming lower lows and lower highs as shown in down trend resistance channel Currently re-testing horizontal resistance at 1.391 level Position: Short Entry: 1.391 Stop Loss: 1.3985 Target: 1.3685 Risk:Reward = 1:3

PawnMeNot Updated 

Daily: Price is below 21 MA Broke horizontal support at 107.825 Currently re-testing the support turn resistance line 4H: Broke downtrend channel support line. Reject prices the second time at 107.825 horizontal resistance line Bearish engulfing candle stick. Position: Short Entry: 107.5 Stop Loss: 108.5 Target: 105.5 Risk:Reward = 1:2

PawnMeNot Updated 

Daily: Triple top rejection at horizontal resistance at 1.76200, currently re-testing the resistance line. 4H: Bearish evening star candle stick pattern at horizontal resistance line at 1.76200 Head and shoulder pattern where 2nd shoulder failed to push price higher than the 1st shoulder Position: Long Entry: 1.760 Stop Loss: 1.768 Target: 1.744 Risk:Reward = 1:2

PawnMeNot Updated 

Daily: Broke uptrend support channel (red line) Currently re-testing the support turn resistance channel. Price has been rejected at horizontal resistance at 0.7400 area Pair made a lower low but failed to make a higher high 4H: Triple top pattern and a bearish engulfing candle at 0.7416 Hammer candle stick at resistance may not be considered a bullish...

PawnMeNot Updated 

Daily: Price broke above horizontal resistance turned support line at 0.960 Price is on an uptrend channel and is staying above on a well supported 21 MA Bullish wicks can be found on 4H chart Position: Long Entry: 0.9615 Stop Loss: 0.9555 Target: 0.9735 Risk:Reward = 1:2

PawnMeNot Updated 

Daily: Bullish breakout at 0.9025 horizontal resistance turned support Price is supported above 21 MA Price retraced back to horizontal support line at 0.9025 Price supported at uptrend channel support line Position: Long Entry: 0.903 Stop Loss: 0.896 Target: 0.924 Risk:Reward = 1:3

PawnMeNot Updated 

Daily: Price broke below 100 EMA and seems to be transitioning downward Price is at the downward channel resistance line and horizontal resistance line of 0.8900 area. 4H: Triple top pattern and a bearish candles in 0.8900 region. Position: Long Entry: 0.8885 Stop Loss: 0.8935 Target: 0.8785 Risk:Reward = 1:2

PawnMeNot Updated 

Daily: Price broke above 100 EMA and retracing back to 38.2% Fib level Broke downtrend channel resistance line Consolidation with indecision candles at 0.89 horizontal support line since 22/12/2017 Position: Long Entry: 0.891 Stop Loss: 0.885 Target: 0.903 Risk:Reward = 1:2

PawnMeNot Updated 

Daily: Price is above 100 EMA Fake breakdown at horizontal support line at 1.69500 and uptrend channel support line Bullish engulfing candle on 29/12/2017 Position: Long Entry: 1.695 Stop Loss: 1.680 Target: 1.725 Risk:Reward = 1:2

PawnMeNot Updated 

Daily: Lower high and lower low indicates a downtrend in the pair Rejection confluence at horizontal resistance level of 1.18700 and downtrend parallel resistance channel Indecision candle on 26/12/2017 Position: Short Entry: 1.1875 Stop Loss: 1.1950 Target: 1.1725 Risk:Reward = 1:2