Guissoul

Guissoul

An update on the previous analysis done on this pair. The price has broken bullish structure. Currently a head and shoulders pattern has formed to confirm further bearish move. The next step is to break the neckline (which is currently holding strongly) and a retest for sell signals....Lets see how it goes!

Guissoul

An opportunity to enter sells. The market is showing signs of rejections right at the resistance zone. Many failed attempts to break this zone have been witnessed. A break and restest of the minor bullish trend will signal a sell entry.

Guissoul

Consolidating market approached the resistance zone with signs of exhaustion. Currently a bullish structure signaled by a bullish trendline has been broken. I would like to see a retest of this trendline but we might not get it.

Guissoul

A major bearish structure has been broken. Waiting for the minor bearish structure to be broken and retested of a change of direction going long.

Guissoul

A third touch on the top resistance line showing rejections. The market is failing to continue going up while minor bullish structure has been broken. A good opportunity to go bearish is approaching.