JaimePantoja

JaimePantoja Updated 

Overall movement: Downtrend Looking for a trend continuation trade at the key area of 113.30

JaimePantoja Updated 

Expecting a trend continuation movement after the rejection of an important key area (50% of the previous up movement + Support)

JaimePantoja Updated 

Context: Downtrend Close to a resistance Expecting a continuation of the general down trend

JaimePantoja Updated 

Market Condition: Uptrend FBO to the Downside Possible Scenario: Trend Continuation Long entry at 1218

JaimePantoja Updated 

The market is in a clear downtrend (LH`s and LL`s - Blue Line), the price has already showed rejection of the most consolidated trend line and after the break of the most immediate uptrend line (green one) one should look for a short position having into account the structure of the market, lets see if the order is triggered (Sell Limit at 29.30)

JaimePantoja

>Shortening of the down thrust. >Close to a support zone. >Incapability to look for the oversold line (Lower Red Line). >The retracements are more than the 50% showing Strength >The down movement of the 31/07 was almost reversed by the next day (Little red square), Giving signals of strength

JaimePantoja

I would Take a long position because of the next arguments (Obviously is necessary to take into account the lower time frames): >Shortening of the down thrust. >Close to a support zone. >Incapability to look for the oversold line (Lower Red Line). >The retracements are more than the 50% showing Strength >The down movement of the 31/07 was almost reversed by the...

JaimePantoja

As is seen on the chart we are able to observe that in the long term the Pair is on an uptrend cannel (red lines), but since the end of 2013 (First red arrow) the price was unable to keep going higher, and in the next two attempts didn´t make further progress (two final arrows), indicating the shortening of the up thrust, and the presence of offers around the...

JaimePantoja

On the long term the price is in an uptrend channel,but has been unable to get to the upper line of the channel. More over and as seen in the short term (uptrend channel red dotted lines), the price reached a oversold condition where was unable to keep going higher (under the two red arrows), furthermore was able to pass through the 105 support zone, with a...

JaimePantoja

Since the beginning of 2014 the price fits into an uptrend channel (red lines), in the same way, from May to late June, the price is on an upward channel, and the price converges in a zone where the price getsto an oversold position, moreover, the price has already pass through the previous resistance, and now support, so we wait until the price goes to meet the...