A sell trade after the retracement of fib31.8. A short position to 154.442
I'M EXPECTING TO MOVE DOWN TO THE NEXT SUPPORT ZONE.
The price formed an head and shoulder on monthly Timeframe, on weekly timeframe it broke the neckline.I'm expecting a bear movement till the blue support line
The price broke the uptrend trendline @ price 7550 and retested the broken trendline to find a new resistance @7742. expecting the price to move down to price 7380
THE PRICE BROKE THE UPTREND TRENDLINE, WHICH SHOWS THE BEAR ARE COMING IN PLAY.
Waiting for the pair to break the resistance trendline for a buy signal or move down to the support zone then buy
A clear breakout of the descending trendline and breakout of fib 38.2%
The pair broke the counter trendline, i'm expecting a retest then move down to fibonacci 38.2% on weekly timeframe
A descending penant on H4, and the pair is on the weekly trendline
A breakout of 38.2% fib retracement, and a breakout of the counter trendline. I'm expecting the pair to get to 61.8% fib retracement
WE SAW A CLEAR BREAKOUT OF THE TRENDLINE, AND A BREAKOUT OF A SUPPORT ZONE $8700.
The pair retraced from 78.8 fib retracement zone move up to 38.2. in which there's a base zone. The pair formed Double top shape at 38.2 zone. I'm expectin a sell trade to 78.8%
expecting the pair to touch the upper trendline then we can see the great fall.
On H4. the pair broke out the ascending triangledrawn from 82.228, connecting to 82.829 and 83.659. It broke the trendline down at 84.049. and the pair retested the broken trendline. Expecting it to continue moving down to 82.538. My general view on the pair is BEARISH relating to the weekly Analysis