On the Weekly time-frame, the markets closed with a bullish engulfing, engulfing lastweek's doji-like pattern and the strong bearish candle pattern from last 2 weeks - indicating possible bullishness in the coming week. On the 4 hourly we see the day close with a hammer or doji. Price is likely to range in the green zone for a while, break into the blue zone...
Hi Traders Price action's playing out as analyzed last week, so here's a quick one. Our predominant trend on this time-frame is bearish since we have a series of lower-lows and lower-highs Price has also hit our daily support zone coloured green Candlestick patterns at 11/02/19-12:30 showed a possible trend reversal. Price seems to have completed a...
Price has completed a corrective phase after the prior impulse structure with an ABC at 10/1/19. It then continued with a downside impulse which was held up by previous support zone at 1.12879, followed by by a zigzag correction for wave ii at 1.15167. Anticipating a price move towards 1.11151 for a wave iii, if price breaks below 1.14082. ALTERNATE COUNT: If the...
Hi Traders, Anticipating price to reverse in the green zone serving as resistance with any candlestick trend-change pattern like a hammer , doji , etc.. and then a subsequent upside move towards the 1.15561 zone.
Hi Traders, Anticipating price to reverse in the green zone serving as resistance with any candlestick trend-change pattern like a hammer, doji, etc.. and then a subsequent upside move towards the 1.15561 zone.