Frank23

Frank23

Price has bounced off the 0.5 fib level and is now continuing lower. I took a short trade at 1.1065 with a target set at 1.0970.

Frank23

Price has broken daily supp 133.140 which suggests further bearish momentum. I took a short trade at 132.725. My first target will be 127.000.

Frank23

Price has failed to break the descending trendline and is below Monthly res 103.100. I will wait for a break of 102.410 support before taking a short trade.

Frank23

Price is currently in a range. It has bounced off the 0.382 fib level which is acting as resistance. MAs are also pointing down on M,W,D and 4H time frames. I will sell once price breaks out to the downside.

Frank23

Price has almost hit Target 1 using the fib levels. I expect a retracement possibly to 0.7912 once this target has been achieved. Price could then bounce back to my second target at 0.8820.

Frank23

Price has bounced off the 0.618 fib level and is continuing to the downside. We can see that price has now broken the trend line and is now attempting to break the weekly supp 0.7320. If it is successful, it will suggest further bearish momentum.

Frank23

Price hit fib target D1 last week. We can see that price is still in a range on the weekly timeframe. A break of this range could indicate strong bearish momentum to 1.0400. I will wait for a break of 1.0975 before going short this week.

Frank23

Price hit Target 1 last week with help from the EU Referendum outcome. Further bearish momentum is expected after a possible retracement this week. I will wait for a break of 1.3500 before taking a short trade.

Frank23

Support TL hit Price may bounce from this level to create a new HH Could break support and retrace further back to the weekly support level

Frank23

Bounced off 0.5 fib level on monthly chart. Closed last week with another marubozu candle suggesting further bearish momentum. Possible retrace from weekly support level.

Frank23

Bounced off 0.5 fib level and weekly support on 4H chart.