If 138.72 can hold. i will look for opportunities buy towards 140. Pair remains bullish. It had made his corrections by absorbing all the stop loss orders below 139.20. 138.72 is acting as daily confluence level. . 138.47 and ultimate level would be 137.80 if the price run through 138.72 level. Pair is making Higher Highs in Daily and weekly following the...
Buying to 139.40 ish. However watching for any correction below 139.200.
Quick Sell to the support. PS. Major trend is Bullish
GJ Short Reason for Short : 1. Double top 4H/1H 2. Multiple Rejection from 139.20 Area of confluence Reason for the target 1. 4H Trend Support 2. Previous Swing High/low : Fib 61.8% 3. Near term High/Low : Fib 161.8 See you next week people ! Have a great weekend. Cheers !
Price is approaching the next support level of 137.76. If the this is respected, Today been the last day of the week, we would see 139.40-50 (Which is the weekly confluence zone)as the short term target by TODAY. It's my opinion. Cheers !
I am on BUY as per the chart. Buyers are in control. In my opinion, This is high probability trade. However R:R is important i believe if your not around the charts. Cheers people..
In my opinion pair will move to 139.20 zone which would be previous month/week high since the 4H trend is supporting the bulls. bulls are in control. bears are fading off. If we break 139.20 resistance. we will also see 140.800-144.500. i do not see any major pull back except for 136.500 only if the break of 1H trend line happens. Cheers !
Possible Scenarios in 15M. 139.20 is still on the card hence it's been previous month/week high.
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What i can see here is supply and demand is shrinking. it can fire either way with a proper breakout. 138.300 Ceiling is also tough to break. Technical s pointing lower. However, I'd like to see it reaches the top hence i have a buy in place. :)
There are few reason to go on buy than a sell for me though the momentum is weak 1. Daily candle formation = Inside Bull Candle 2. Break of upper trend line = Daily 3. Break of 1HR Trend as per the chart However i am closely looking at the pair since i see a loss of momentum due to heavy selling. Cheers People !
My SELL target is hit as planned. Looking to BUY. waiting for confirmation. 137.70 break below the support. then the analysis will be invalidated. and i will look for bears till 137.00 Cheers People !
Highly confluence area of 140-800-141.00 will touch before any major retracement in my opinion. pair is currently making HH/LH's in higher time frames. Some level to watch are in blue color. However close look out for level 137.70-90. If they can't hold the rally, we will see the previous support and analysis will be invalidated, if anyone is interested in my...
Out of the buy with 30 Pips and it might start ranging . looking for best level to buy again
This should happen within two days. This should be the close of the monthly candle. There is a high probability that monthly candle closes above 138.00. then will be looking at 141 as next target. However, if 138 is respected by tomorrow. we will see re test towards 135. Idea is backed by my confluence indicator which provide me with key levels. then again. Any...
132.20 Achived. I am trying to better with my targets. My conflunce indicator has been amazing. Will post my next idea soon. Thanks to all of your different views.