Khama_Steve

Khama_Steve

From the simple price action that we see that, the pair had a false outbreak a few days ago but is still ranging in this channel. We should expect a long term buy opportunity at the bottom of this channel, stay tuned

Khama_Steve

On the H4 time-frame, we have noted that the pair has reached its channel resistance. The pair has been ranging in this channel for sometime and does not show very strong signs of breaking out. However, breaking to the up side is plausible but my bias is on shorting the pair until we get to our intended target

Khama_Steve

We have seen that the pair has been moving up since 30th January 2019. This, however, was a corrective bullish move as the pair sets itself up for a bearish impulsive move which we started on 30th May 2019. From there we have had a strong bearish movement, which as it stands is the overall direction of the market, but for the short run we will retrace up until...