DrecoFx_

DrecoFx_

EUR/GBP has been riding in a Triangle Pattern respecting the hypotenuse and also the Base line. Checking the Daily timeframe we could see that the Trend is Bearish, making this a bearish Triangle. For now I am expecting a break of the base line, which makes me bearish on this pair. Got your thoughts about this? Please do write it in the comment section. Follow,...

DrecoFx_

As seen in the chart, Price may retest the support and rebound to the top of the channel. The Stochastic indicator is clearly over-bought, We will see a little retracement then maybe a pump or break. Thanks and feel free to write how you feel about this. Follow, Like and Comment.

DrecoFx_

The Bank of Canada will give their Monetary Policy decision Tomorrow. The market could be surprised and we could see a change in the Market direction(New Trend). What do you guys think? Will the upcoming BOC statement finally Move USD/CAD out of this Range? Write it down in the comment section, always risk what you can afford to lose.

DrecoFx_

Locked in a descending Channel with clusters of resistance, the AUD/USD is most likely to fall towards the Trend line Support. Do well to give your thoughts about this and smash the like and follow button. Thanks I will be Glad!

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No too much talk on this.

DrecoFx_

The GBP/JPY is displaying a very tricky pattern. Riding in a rising channel, we should be observant for any break at the trend line support. The last candle was a Big bearish close, could signify a bearish continuation. Moreover looking at it from another perspective, we could spot an inverse head and shoulder pattern which might indicate the Bulls are preparing...

DrecoFx_

EUR/USD did a complete rejection by displaying a bearish close when price tested the wedge. We look forward in seeing price travel down to the expected TP. Do write your thoughts about this Idea, Like, Follow and comment!!!

DrecoFx_

After breaking out from a mini range, it is advisable to wait for price to get back and retest the "Range'' Trendline. Watch-out for price action and reaction. If it is rejected, then we opt in for a sell position. Keep this as priority! Do write down your thoughts and smash that Like, and follow Button for more ideas! Thanks!

DrecoFx_

I am super bearish on GBP/AUD. After price got rejected by the wedge, we saw some hard bearish movement and a lil bounce off the little support. It will retrace a bit to the upside before finally breaking the little wedge as seen in the chart and head down to the larger support. Please write down your thoughts on this, do well to like, comment and Follow for more.

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I expect price to move a little to the upside and do a perfect retest before a full break-down. I am bearish on this.

DrecoFx_

I predicted the crash of the GBPJPY on Sunday which was a success. I am back with another idea! The price is currently testing a resistance turned support, everyone is waiting to short, some are confused to either ride this or leave this opportunity. The stoch' is currently oversold which clearly shows that the price will reverse to the upside before making...

DrecoFx_

Place a buy position, GBPUSD is creating new highs!!

DrecoFx_

We expect to see prices decline in these coming weeks.

DrecoFx_

WE should be observant of price movement around that area. We hope to see a rejection of lower prices and growth should resume! Like, comment and Follow. What your thoughts?

DrecoFx_

Head and shoulder pattern is forming, we should wait for a breach around the neckline region. Trade carefully. I am Bullish on this.

DrecoFx_

Hope you are cheerful enough to give this a like, comment and also follow me for more. The Stoch is displaying that price is over-bought, prices has been riding in a nice uptrend.. bounded by the rising wedge channel. I hope to see price retrace a bit to 131 or below. What is your thought about this? Do write it below.

DrecoFx_

Price has been rallying inside this somewhat Bullish pattern and also respecting the support and resistance, price got rejected by the 100 MA which signals a strong price reversal. Price has all it takes to break and ride to the nearest target. My final target would be 1.72600!

DrecoFx_

Price has been riding in an obedient uptrend since 2012' and respecting the support and resistance. Price is currently testing the trendline support and I hope to see a rejection of lower prices, if this trendline is tested and not broken, price will definitely break "the trigger for going long". My Short/Medium target is 1.505, while my Long-term target is...