Pedro_07

Pedro_07

Price is heading to the upside after bouncing off support. Bulls will look to push price higher and possibly try to break resistance to the upside.

Pedro_07

Price on this chart has been trapped in range trading between 1.8160 which is resistance and 1.7765 acting as support. Price has been rejected at this support level twice indicating that this could possibly be a strong support area. Seeing that price is at the bottom of the range, a bull has the opportunity to buy at support and take price all the way to the top...

Pedro_07

Technical analysis indicates that the pair is currently forming an inverse head and shoulder which could be a possible bullish signal for bulls as this could be a reversal pattern. A break of the neckline to the upside can possibly offer an opportunity to go long. If a reversal occurs then we possibly see this pair trend to the upside. I will look to enter a long...

Pedro_07

Price has broken to the upside, printing a higher high and a higher low. Bulls will look to go long at support.

Pedro_07 Updated 

Price is descending to the downside channel, creating lower highs and lower lows. Target is @ 1.7169 for bears.

Pedro_07

Hello traders, this is a possible trade idea for next week. I must mention that analyzing the daily chart I have found that the market is still bullish on that chart, however, on this chart, the market is turning bearish as we see the 21(red ema) and 55(blue ema) are converging, and on the H1 chart, the market is bearish. This chart, however, shows that price...

Pedro_07 Updated 

Hello traders, this is a possible short plan for this pair. Price has broken to the downside after trading in a range for a while. A bear will have to wait for the price to retrace to the previous support turned resistance in order to short. The market has turned bearish on this time frame as indicated by the 21(red EMA) being below the 55(blue EMA).

Pedro_07 Updated 

Hello traders, this my trade plan for this pair. Price has printed a double bottom, followed by a higher high and a higher low, where the price is currently situated. Bulls will look to buy the retracement of the role reversal support which was previous resistance and look to push the price to the upside. The blue and red moving averages are simply there to show...

Pedro_07

PRICE IS COMING OFF OF THE 50% FIB WHICH PREDICTS A 138.2 EXTENSION, THIS AREA IS ALSO A ROLE REVERSAL AREA AND A PERFECT AREA FOR BEARS TO GO SHORT.

Pedro_07

THE MARKET HAS TURNED BEARISH ON THE DAILY CHART, PRINTING A DOUBLE TOP AND A LOWER HIGH. MY PLAN IS TO SELL THE LOWER HIGH AND HOLD THE TRADE FOR THE MONTH OF APRIL.

Pedro_07

PRICE HAS PRINTED A DOUBLE TOP ON THE HOURLY CHART, WHICH PREDICTS A LOWER HIGH AND AN OPPORTUNITY FOR BEARS TO SELL.

Pedro_07

Price has broken through the trendline to the downside creating a lower high which predicts a lower low. Plan A: sell entry @ 1.3120 take profit @ 1.2704 stop loss @ 1.3238 Plan B: sell entry @ 1.3222 take profit @ 1.2806 stop loss @ 1.3300