The-Mapona_Pips

The-Mapona_Pips Updated 

This idea is based on Price Action. Seeing as on the Daily chart we have a Double Top in the form of a "Moolah" we have a high chance of a sell. The Double Top has a lower low with the second touch of the Weekly resistance zone which is shown by the 2 horizontal lines in blue and a bearish engulfing candle has formed on the daily chart so we are in for highly...

The-Mapona_Pips Updated 

Hello, looks like we have a head and shoulders pattern forming with this pair. I will be placing a sell limit around the lower band of the resistance zone at the price of 1.2600 and I am expecting a drop towards the key level I highlighted with red eclipse around 1.2500. However I am expecting further bearish movement towards 1.2400. I will be placing my stop loss...

The-Mapona_Pips

Hello fellow traders, this pair has finished forming a head and shoulders and has already tested the neckline so a short should in play. Even though that is my current bias I will wait for a clear bearish commitment before entering on this pair. Since price is currently around a minor support zone I will wait for price to push higher and maybe even go for the H&S...