jonfuentesX

jonfuentesX

Isn't life ironic? The currency that everyone hates for some unknown reason is one of the few whose moving average structure has not been significantly disrupted after this period of declines. The previous rise has been so high that this fall represents a smaller percentage with respect to the rise, with respect to the other currencies. You can also see little...

jonfuentesX

Long setup on this pair. First, it is in an uptrend, so we can use this condition as a filter in which we discard any bearish position. We then see the price go back to old levels and create a reverse shoulder head shoulder pattern. A conservative and safe take profit can be the last high of the price, with a somewhat loose stop loss.

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jonfuentesX

More info in the video.

jonfuentesX

The bullish trend has lost steam, however it cannot be considered a bearish approach yet, as the price is in a deceleration of the trend, not in a clearly defined bearish trend. My advice is to wait for the price at one of its extremes to observe its behavior, and decide whether to use swing trading or think about a break.

jonfuentesX

The bullish trend has lost steam, however it cannot be considered a bearish approach yet, as the price is in a deceleration of the trend, not in a clearly defined bearish trend. My advice is to wait for the price at one of its extremes to observe its behavior, and decide whether to use swing trading or think about a break.

jonfuentesX Updated 

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