Continuing from last week, double top pattern is still in place.
Price is sitting around the neck line, so it could go either way at this moment. Expect the price to attract and/or bounce either directions around these drawn lines. However, if the price rises and penetrates the double top line, then the pattern is broken and new lines have to be drawn. Such new...
Formed double top and penetrated the neck line, so price is likely to go down as indicated on the chart.
Though I believe fundamentals are negligible at high time frame, Brexit may swindle us.
OrderBook Data:
Huge Sell or TP Order near above the price
Huge Sell Stop Order about 30 pips below the price
Indicator Data:
DMX is way above 20 => Very high momentum
DM+ and DM- is getting close to each other => No strong side of position
Prediction
Price will rise up to hit Sell/TP order and then shoots down to hunt those Sell Stop Orders
Data
73.41% Long position => Soon price will drop
1.871% Volatility => Strong above 0.5% line
OrderBook: Buy Stop @ 1.2800 (0.46%)
OrderBook: Sell Stop @ 1.2645 (0.55%)
OrderBook: Sell Stop @ 1.2600 (0.41%)
OrderBook: Sell Stop @ 1.2475 (0.5%)
Less Open Buy Orders Below
Prediction
Price drops to hunt the Sell Stop at 1.645
After that, there are not...
Data
68% open position on long = May soon reverse
Very high volatility 9.8% = Good
Buy Stop at 78.75
Take Profit at 78.25
Prediction
Price will rise and may struggle around 78.25 but will eventually keep rise to hunt that Buy Stop at 78.75
OANDA:EURAUD
Data
More than 70% open position on Short
Volatility is somewhat strong at 4.278% (Above 5% is great)
Buy Stop at 1.609
Sell Stop at 1.599
Prediction:
Market will reverse to hunt that Buy Stop order at 1.609
Market may keep rising to hunt another one at 1.61
At this point, there is no immediate resistance (sell orders) so price may keep...
