DavidMoss

DavidMoss

Price is looking like it will come back down and hit a former demand zone. There is however a upwards trendline which may mean waiting around for a while.

DavidMoss

forecast

DavidMoss

forecast

DavidMoss

forecast

DavidMoss

Forecast 1

DavidMoss

News coming out tomorrow will swing this trade idea one way or another. Bearish at the moment but news could change all of this. As we know, we never really know! ;-)

DavidMoss

Update!

DavidMoss

On an hourly chart there is a fantastic elliot wave example. However price has run in to a small time frame fib level and bullish harmonic pattern. I am still taking a short trade as I believe the higher timeframes will over power the bias on the smaller frames.

DavidMoss

Looking at wedges/triangles etc. This looks like a breakout is on the cards. At this moment in time, I am at the stage of recognising this, but would not confidently provide an indication as to what direction I would predict.

DavidMoss

Not sure how to call this one yet! However, as price develops I will gain more insight as to where it may go. Breakout of either direction on the cards.

DavidMoss

Looking for potential pattern to provide confluence to enter long.

DavidMoss

Potential gartley. This aligns with my previous belief that price will drop to previous support before bouncing higher. Just a belief until proven wrong.

DavidMoss

Possible gartley pattern which also aligns nicely with my idea of price bouncing at previous price support structure.

DavidMoss

I haven't checked new announcements today which is an amateur error but I have fortunately traded using a small position.

DavidMoss

This is just a basic look at the pair. There is a possible short term sell trade, followed by a big buy signal. This pair look like they may be making a large move upwards on the bigger time frames, so I would sell with great caution. If price does follow back to the previous support, this would provide a bigger trading opportunity for me. I am just...

DavidMoss

Looks like this could be a setup to look for. I will keep tabs on the market and keep an eye on the news. If it goes as planned, I will sell at 90.800. Please only view this with a curiosity and do not base any of your own trades on this idea.