Although a FAKEY setup just emerged indicating a probable sell, according to Friday's close, because of the overall trend that is apparent since the 11/2/2016 (the pin bar on that date signified it clearly), I would rather remain long, waiting though to enter better on the support around 32,20 (green dotted line). S.L. would be below the 8 EMA and T.P. around the...
High guys. High probability of sell on UK100. Note how the index moves on a downtrend setup (lower lows). Early this week moved on the top range of 6028. Note also the RSI divergence. We have 2 confluent points indicating - with high probability - that the a new short momentum is about to commence....
IF NZD CLEARLY BREAK THE UPPER RED LINE ON THE DAILY CHART, I.E. BELOW 0,6410, THEN THE TAKE PROFIT IS ON THE DOTTED RED LINE, I.E. 0.6320, FOLLOWING THE DOWNTREND. S.L. SHOULD BE PLACED A FEW PIPS - AROUND 20 - ABOVE THE BLACK DOTTED LINE AT (0,64878).
Based on the 7/1/16 mother candle of the daily diagram, note the 2 FAKEY setups that have been created on 11/1 and on Friday 15/1 (pin bars), that provide big probability towards moving the pair down at 1,0770 (1st resistance the bottom of the mother candle) and after this point further down around 1,0650). That gives us a R/R 1,98 (1st case) and R/R 3,58 in the...
Clearly noticeable move of the pair in a downtrend move since June 2015. The pair is breaking - in a downtrend continuation - the low side of the triangle. Next support is about 700 pips lower on red-dotted line (about 126,900 level)
Nice Fakey setup has been created on 4H diagram. You may enter even here at current price but better wait for the 0.72790 clear break or above.
Note the lower highs - lower lows on daily graph. After a short congestion around 134.23, probable sell up to 133.00 level (the EMA 8 ) or even lower on 132.30 (the EMA 21) is expected... After