We have been in this downtrend since the 11 Sept
2nd touch of the trendline was on the 20th of October and finally, we saw a break above this trendline last week indicating to us that buyers are stepping back into the markets pushing price higher up.
What I would like to see is a strong bullish close going into this week to confirm the buy. Taking profits in the...
We have seen a lot of rejection in the 1.34000 Area now and just before the end of the week, we saw a break of this area.
Just before markets closed on Friday we could start to see a double bottom with a lot of rejection to the downside.
Because price could still fall down some more, I am keeping that in mind, a buy stop can be placed just above the last few...
Yesterday (12-Aug) we saw a clear break of a trendline, from the highs of 6-Aug to the highs of 11-Aug. NOt only that we saw a break above the 1.18000 and a retest of this same area which this morning held nicely as a supportive structure. Right now price is starting to show signs of exhaustion with big wicks to the 1.18500 level and we could see a form of...
On Friday we had a break below the 1.8000 key-level as well as a break in a trendline, that was drawn from the 3rd & 4th of Aug up until Friday, indicating a move to the downside. This is my first short signal.
I also drew on a Fibonacci Retracement from swing-high before price fell to the swing-low before price started pulling back/retracing looking at possible...
