Confirmations that we have: 1. Rising wedge break/Retest 2.RSI Divergence 1h/4h 3. 21/8 crossover 4. double top break/retest 5. Hit Fib 50-61%
The pair has been trading in a falling channel pattern. Traders are suggested to go short at current prices with the target of 1.0475. After a success in this, the traders can grab the buy opportunity with same pattern as most likely the pair will rebound from lower trend line and move towards upper trend line of the channel.
If YPP (P) 1.08720 functions as a support line, think long. The first limit is WePP (R1) 1.09559 The second limit is 1.10000 I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the...
If it judges that YPP (P) functions as support, it will be long. The first limit is WePP (P) The second limit is near the most high value of 1.09800 I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly...
Hey! A little late in posting this one, thought I'd let it get close and post but was away from the computer. The stock is near the stop I had expected, but hasn't hit it yet. Can go short at Current Price Levels with just a 5 pips stop. Targets can be : Entry level at 1.04490 & Cypher target at 1.04182 Stop: 1.04198 This can also be looked at a...
Reason : Another touch to 1.064 to be played, which ideally to be 2/3 wave format.At that spot short entry arises, a small south side direction movement upto 1.053. The larger trade would be complete reversal till 1.035 to start from there with lower lows.yet, more time correction first. Timeframe : Whole play to carry out early next week.
Reason : Extension of second wave as continuation of first one. TImeframe: Within a day.
Reason : Continuation of send wave of prevailing first wave. TImeframe: early next week.