USDCHF Weekly Analysis:
1. Price broke below weekly ascending trendline.
2. Price retested weekly ascending trendline.
3. New LH and LL forming from new downward cycle (yellow trendline)
4. Price finally below 200 EMA.
Conclusion: Bears will look to take control over the next few weeks.
Note: Forex is not an exact science. Always adapt to newly formed...
FX:GBPUSD FX:GBPUSD
The overall trend is LONG. You may catch a 25/30 pip SHORT retracement back to the 50% / 61.8% retracement levels.
Analysis:
Daily:
1. 14 day downtrend seemed to have ended as price found support around support found around 1.2605.
2. Bullish pinbar formed and closed with a long wick rejecting lower prices.
3. Bullish candle now in...
This is just a 25-30 pip retracement before the overall trend continues higher. FX:GBPUSD
FX:GBPUSD FX:GBPUSD FX:GBPUSD Analysis:
Daily:
1. 14 day downtrend seemed to have ended as price found support around support found around 1.2605.
2. Pinbar formed and closed.
3. Bullish candle now in play.
4HR:
1. Price broke daily downtrend line.
1HR:
1. Price...
