Weekly ResistanceResistance must have an effect . I think we are on the verge of a correction as a natural result of the weekly resistance
USDILS trade ideas
USDILS Forecast: 1.17% Increase For USDILS, wait for a pull back. Price retested trend line. So, now wait for a price action signal.
bullish divergencewill history repeat itself and will see another wave touching the down trend line ?
USD ILSit seems that the USD has ended this correction move
a possible target is a previous low of around 3 Israeli shekel
USDILS forecastit is expected that the pair will test 3.1370 gain before it bounce again to a new resistant point. This time however, the new resistant point is 3.1860
USD/ILS accumilation?possible phase Wycoff C with USD/ILS.
Last downtrend looks like a test to Phase A.
Answer yet to come :-)
USDILS on yearly trendlineUSDILS seems to be standing just on a one year year trendline.
Ich glaube, that if this trendline was broken either above of its current level ( 3.165ish) oder it will continue at its downtrend
USDILS Future outlook Israeli Shekel Outlook:
Technical Analysis point of view:
In my opinion and based on Fib. Retracement and trend, I believe the pair will start correcting up toward these targets:
T1: 3.23, if broken up then:
T2: 3.35, if broken up then,
T3: 3.46
however, the pair would ultimately the price will continue on its downtrend.
USDILS Parallel ChannelUSDILS Parallel Channel; Exponential Moving Average; Horizontal Support & Resistance
USDILS Support LevelsUSDILS
Trend: Up; Higher Lows
Support Levels:
Fibonacci Retracement 61.8%
EMA 10
EMA 20
Horizontal
Diagonal
Signal:
*** Wait For A Bullish Price Action ***
*** Wait For Pin Bar, Engulfing Bar, or Inside Bar ***
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USDILS Buy Idea Update!!!My idea here was to expect the price to move higher further until the bottom of the daily range holds.
The price action followed my analysis exactly as I expected it to here. The price which was at the bottom of the range, respected it and bounced higher from this zone, delivering 200+ pips move so far!
Original Idea
USDILS - great risk reward setupW1 - expecting second leg up
D1 - range
Price is currently at the bottom of the range. Looking for buy setups.
