RiosTrades

RiosTrades

Buyer Confluence in this pair, I don't believe Sellers have the momentum and strength to reverse, at the most a retracement before continuing long. I'm waiting for the breakout of key structure.

RiosTrades

Waiting for price to retrace and continue

RiosTrades

Waiting for Breakout and Retest or Engulfing Candle on 4hr Close

RiosTrades

Waiting for Breakout & Retest

RiosTrades

38% Retracement at our respected descending trendline for a short continuation

RiosTrades

Using Elliot Waves to predict the future of this pair, I see it continuing short until respecting its support trend line, completing C wave in ABC Correction Waves

RiosTrades

A retracement back into previous level of structure could give us a great opportunity to hold a short position especially with this pair respecting it's key descending trend in higher time frame

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Technical Analysis for a Short Continuation

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PRICE ANALYSIS

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After PA broke above an important level of resistance, the exhaustion formed us a bullish flag pattern onto our new support. Measuring Flag Pole for Potential Target

RiosTrades

Price did begin to break some interesting levels of resistance. I'm looking to enter long following an exhaustion of a minimal 38% retracement.

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Head and Shoulder pattern is still valid until price breaks and closes above the left shoulder.

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Potential Target is Support.

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Head and Shoulder breakout, exhaustion in motion.

RiosTrades

Double bottom at a key level of support, I see the Euro improving this week breaking into higher highs.

RiosTrades

Price broke out of the ascending channel and retraced back to the 61.8% which is retesting our trendline, I see price continuing lower.

RiosTrades

1hr/ 4hr time frame, price retraced after breaking below a key support level, sellers were not showing any loss of momentum showing us that the pound can continue dropping lower.

RiosTrades

The Pound has been showing a lot of weakness last week, I still seeing the pound being appreciated this week as well, breaking important levels of support leads me to believe price will continue.