short the pair for 20-30pips, add positions at marked lvl
Hi guys, just analysed this chart and was wondering what you think? Based on some trendines I drew a potential move downward is still open. Furthermore I'm questioning if the EMA's on the 3H frame will cross over to the south side again as they did in the past. uk.tradingview.com What do you think?
based on some wave counting this is what i came up with, let me know what you think. looks like shorts are in place (2 weeks to french election), and at the 61.8 fib retracement. EMA on the weekly chart looks interesting as well.
upside move still has potential, retraced to 61% fib of last high, hits resistance, look for signal to go long
potential long now and then retracement to complete elliott triangle pattern. inversely linked to gbpjpy
possible long position after retracement takes place, how long will that take?
some pips to catch on the long side, take note that gap might still close
based on previous MACD crosses and their reactions to the market, this could be a potential entry for a long position, IF the closing candle tonight doesn't upset the MACD. Furthermore, trendlines suggest similar price continuation. What do you think?