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Suave

EURUSDEuro against the dollar has been quite bearish as of late due to Trump and Kim's feuds,Hawkish comments and tax policies . The reversal formed last September was due to price rejection on the daily time frame, a very strong demand price area . We can also take note of the head - shoulder formation which supports bearish momentum into the new year. Currently the EUR/USD is consolidating and we should see a continuation of the downside. EU will test the 20 and possibly the 50 ema before dropping down to a take profit of 1.14808.I would be looking for a bearish pin bar on one of the two resistance E.M.A Take note of the LH & LL formation. Exercise patience.
Short
by Mmoremi
GBPCHFGBPCHF has for the last month and a half been trending bullish due to a strong demand price level on the daily chart .Im rather neutral on the future play of the pair i've noticed a bearish flag on the daily and my 20 & 50 ema are ready to cross signaling bearish momentum on the 4 hour time frame . I need further confirmation for a bearish trade. Another interesting factor is the filling of the Gap on the daily timeframe by a breakout which has lead to a minor reversal causing the pair to test its previous resistance now support. If the pair trades on a gap up monday we could see the bearish signal as null and void. If it fails to break the 1.30400 demand priceline & my 20 ema on the daily, I will be looking to go long immediately after a daily close above 1.31500 (Risky)or 1.335 (Safe) .Please note the previous priceline's as potential reversal points, so a reversal may not be out the picture. So sit back and wait for either scenarios to take place. Don't forget to like and share Telegram link on my bio
by Mmoremi