I believe there is a rising wedge pattern found on 1hr chart. if it breaks the bottom trend line I will enter Short (so will have to wait for the confirmation) Daily chart almost rejecting SMA 100 Daily resistance area around 90100 - 90600 Volume is also dropping. So this is my short with 1:1.5 watch out for the news :D
In my analysis, I find that there is a trend line breakout on 4hr chart, and then there is a clear retest of the trendline and the candle closes above the trendline, also a nice rejection from the 20 SMA. With these confluances I'm confident with my trading plan even though it's risky. So I'm entering with a 20-pip stop-loss, and aiming for a 70-pip target. Let...
There is a clear trendline on the 4hr chart and a clear LH and HH, so I believe we could find a 50pip worth of bearish movement to the downside, if the market breaks the trendline the bearish momentum will continue.
The currency pair has broken through the bearish trend lines and had the pullback to retest the trend line, As shown, I believe this will be a good opportunity to go Long as the trend reversal to expected to be bullish as per my evaluation.
Hello Traders, According to my analysis it's respecting the trendlines and broke the Previous Day's High, also sites on top of 25 MA. so I see a clear long buy setup