TraderXR

TraderXR

I would believe that this ccy pair is trading in a horizontal channel now. And the uptrend is likely to continue to the resistance of approx 1.19149 Will not enter the market now but will rely on the fib retracement on the 1H timeframe to help me decide when to enter the market again.

TraderXR

Now on the 4H timeframe, we can see this ccy pair is in an upward channel and just hit the support. I will be using the fib retracement on the 1H timeframe to determine when to enter the market and as for now, will probably wait if candlestick closes above or below support of 0.71607 to decide if should go long or short. All in all, I am expecting this ccy pair...

TraderXR

There seems to be a head and shoulders being formed for this ccy pair. And there is a clear breakout from the neckline. We should be expecting a retracement to the neckline (resistance) before a reduction in price again. Do drop me a like and comment to share your analysis!

TraderXR

ccy has formed a head and shoulders pattern. However, the neckline seems to be holding strong. Will check the 1H timeframe and use fib retracement to determine an appropriate buy time

TraderXR

Seems to be a breakdown of the ascending triangle, will go short and expect the price to decrease till the next support at approx 1.55555

TraderXR

Price has reached the resistance on all timeframes. However, there is a strong bearish candle on the 1H timeframe hence am expecting a retracement back to the support first at approx 135.802 before rising again. We can see from the daily timeframe that this seems to be a descending triangle hence can expect price to continue to rise. For now, Will wait for the...

TraderXR

price has went up the resistance already. Will wait for the next 1H candlestick to determine if it is a true breakout from resistance

TraderXR

Possible uptrend as the support held on. To decide when to go long, will wait for the one hour candlestick to close above resistance Do share with me your analysis too :)

TraderXR

ccy pair seems to be in a horizontal channel now. Expectation is for it to reach the resistance and retrace back down to the support. However, will keep an eye for a breakout from the resistance on the 1H timeframe

TraderXR

To be honest, I probably will not enter the market at this point in time because too much uncertainty of which direction it will go. There is a strong bearish candle on the 30M chart hence possible for the downtrend to continue. What I will do now is to wait for the 1H or even 30M candlestick to see where does it close to determine my next course of action. Do...

TraderXR

Will wait on the 1H chart to see if the price will break the resistance at 1.30511 before making a decision. What I am hoping is that price will retrace all the way back to the strong support of 1.30078 before making a reversal Do share with me your analysis!

TraderXR

nice ascending triangle, will wait for 1H candlestick to close above resistance to go long

TraderXR Updated 

Possible short since there is a clear trend reversal (to downtrend) wait to see if price break through 1.29561 support to determine if downtrend will continue

TraderXR

Even tho it seems like a downtrend now, will not enter the market. Will wait to see if price breaks the support on the 1h chart. What do you guys think?

TraderXR

WOW based on previous post, a strong uptrend from GBPNZD, am expecting a small retracement back to support before the uptrend continues

TraderXR

Currently it seems to rejected from the resistance based on the 1H chart, will wait for a clear indication if the price were to break the resistance or if the price gets challenged by the resistance again on the 1H time chart to determine if the resistance holds and my position. Based on the daily and 4h chart, seems likely to go long but shall wait and see

TraderXR

Very strong uptrend probably will continue to reach previous high

TraderXR

Potential uptrend for this ccy pair as we see a 1h candlestick closing above the resistance