ProfessorGenki

ProfessorGenki

In 15 Min. Chart we can see price bounced back from Fibo Level 38,2 and now has reached a key resistance level. 1st. possible scenario: Now on 1-h-Chart candle closed as a shooting star which is an indication of a bearish move (in a currently overall bearish market). 2nd possible scenario is a reach to Fibo Daily 23,6 and possibly bounce to the downside to reach...

ProfessorGenki Updated 

Imagine a Bear invited you to a party. It claims to throw the greatest party in Wall Street history with its superb bear guests. Free Beer, Steak and even giveaways. You decide to go to that great party. You knock on the door. And BOOM. BULLS EVERYWHERE!! They punched you in the face and left you emptypocked on the sidewalk. One day later Bear sent another...

ProfessorGenki

Waiting for price to trade back into the green box and touch trend or Resistance line. Short opportunity is given after price action confirmation. Stop Loss above green box.

ProfessorGenki Updated 

Price has reached Strong Resistance level which is also, on weekly perspective, a Fibo 38,2 (Swing Low to Swing High). Prices have been kind of sluggish lately and has a bullish tendency. For now i am waiting for a tiny Pullback to that "Red Box" with short bias. Depending on Price Action and result of retest i'll short or leave EURSGD. Stop Loss above previous...

ProfessorGenki Updated 

Not a lot to say here. We expect price to bounce within the "Box" squizzed in between relatively strong Resistance and Support levels until we see a breakout. Most likely the cat will turn out to be a bull at least for some hours/days. Stop Loss under Support level and Take Profit at Resistance level. GL HF^^.

ProfessorGenki Updated 

I expect price to pull back at Resistance level and anticipate a Double Top which is the confirmation to short. If it moves above Resistance level, then look for price action to short. I also estimated the Fibo-Retracement levels which form strong/key Support levels (especially Fibo 61,8 and 76,4). Strongly recommend Stop Loss to be above Resistance level but...

ProfessorGenki

Price have touched a key level which is pretty robust. Enter market if price action confirms a bullish move upwards. Otherwise price might fall again to the Strong Support level and we might get our chance to go long there instead. I would recommend to set Stop Loss under Strong Support Line if someone wants to take the Trade on the key level. It is more secure...

ProfessorGenki Updated 

Price broke through Weekly-Fibo-Retr. 38,2 but retraced back and closed at Fibo-line. USDCAD might reach a strong resistant and will possibly get rejected, we most likely want to see a Double Top as strong confirmation to short.

ProfessorGenki Updated 

Price hasn't reached Fibo 38,2 which is a strong Support. However, I am long bias at least for some day currently. Monday should close above the Friday-Candle to form an Inverted Hammer to confirm a possible bullish move to at least Fibo 23,6 and possibly reach the Trendline (if it's still higher than Fibo 23,6). I personally still think a saver bet would be a...

ProfessorGenki Updated 

Price bounced on the Trendline rised a bit and now we are waiting for retrace to the Trendline, or at least near it. Great entry point for long would be within the "Green Box". Price then most likely will rise to at least Weekly-Fibo 38,2 (Swing High to Swing Low) which is a strong resistance level. Furthermore, price possibly will turn when it reaches the red...

ProfessorGenki Updated 

I think short position is a possible winning position. In D-Chart we can see Price in a range with very clear and strong trendlines. Well, price bounced back from previos High as expected. Now I assume a continuation of the downtrend and everyone can jump on that train to the bear party. We expect price to move into that Diverse Bull/Bear Party-Box (Yes i made...

ProfessorGenki Updated 

We have an overall bearish trend and price is at a key/support level. As we can see it traveled up a little bit but the trendline proofs to be rock solid. We are expecting a drop to the next strong support and that the trendline continuously make a good job. Price is currently at a good position. Good opportunity for setting up a better Risk/Reward-Ratio.

ProfessorGenki

We are expecting price to come back at one of the strong Supports (Daily Fibo Retr. 38,2 and 50) most likely to bounce back. I wouldn't bet on a bulls ability to climb, but I would like to see a bull climbing with its hooves on a ladder. Quite literally. Anyway, buyers have a good chance of winning after price reached the Fibo 38,2.

ProfessorGenki

Closed on Friday with a decent strong bullish candle. I used to believe a possible short, but Weekly-Fibo 50 and Daily-Fibo 38,2 Line could hold the bears back, furthermore it did not break through the trendline. I believe a climb to the next Weekly-Fibo (38,2) and after reaching it we reshuffle.