Well, in the previous analysis, I predicted that the price of this pair will be of bearish momentum. The movement enabled us to take profits @ 92.5 and 91.5. The price is back at the major resistance zone. And I anticipate that this might be the last bullish attempt before the price goes back to bearish momentum. I am adding my entries @ 93.5. Tp 1 @ 92.5, Tp2 -...
The price has been forming a bearish momentum for the past few days, after rebounding the major support zone. If the price breaks out of the zone, then the bearish momentum is confirmed. Entry @28900 Tp1 = 28300, Tp2 = 27700, Tp3 = 27100. Sl @ 29500. My R:R is 1: 3. Remember, only risk 1 - 2% of your account.
Unfortunately, I was stopped out from the previous analysis. I believe that I entered the position too early, thus being stopped out. The price has formed another rising channel / flag, currently @ 94.0, which seems like a bullish trap. This might be the last attempt of the bulls trying to outperform the bearish . If the price completes the rising channel , I...
Unfortunately, I was stopped out from the previous analysis. I believe that I entered the position too early, thus being stopped out. The price has formed another rising channel / flag, currently @ 94.0, which seems like a bullish trap. This might be the last attempt of the bulls trying to outperform the bearish. If the price completes the rising channel, I will...
Well, unfortunately, I was stopped out in the previous trade. The price is still forming a falling channel / flag, and I am anticipating that there will be a strong bullish momentum. After retesting the upper trend line, I will enter my trade @0.47 and my Target is 0.59. Stop loss will be positioned @0.43 My targets are 0.51 ( R:R 1: 1), 0.55 (R:R 1: 2) and...
Fortunately, the previous analysis was a success. I am still anticipating that the price will continue moving bullish, because the price might break out of the falling channel. My entry point is 1713, above the HH formed by previous 1H timeframe candles. I am using the pullback strategy for my entry position. My Stop loss is 1697, placed below the previous...
The price is at a major market zone, @ 93.5 - 93.8. This pair has broken out of this zone and is currently retesting it since it has been at a bearish momentum for the last few days. I am anticipating the momentum will continue, then a rising channel will be formed thus a major indicator of a bearish momentum. Entry @ 93.2 Sl @ 94.5 and target @ 89.3 Remember,...
This pair, which had a fast bearish momentum back in 22nd September, needed to fill the gap / neutralize the long wicks which were formed at that point. The price is now at a major support zone (the zone where the breakout initiated) and offered some resistance. I anticipate that the price might not break out of the pivot point as it acted as a zone where the big...
According to my previous analysis, I had predicted that the price might break the range, and move bullish. It broke on the lower side, and it acted like a bear trap/liquidation trap. I am now entering the trade at @1650, my target is 1710 with the stop loss @ 1630. R: R is 1:3
According to the higher timeframes (W,M), the price has been forming a rising channel / flag, which might be a major indication of a bearish momentum. Also, according to the market sentiment, 65% of the traders are net short and the percentage is decreasing each week, suggesting many are shifting to the long term position of the price. According to how I interpret...
The price formed a bearish momentum and then formed a rising channel, which is a strong indication of bearish momentum. The price broke out of the channel and formed a lower low. I am suggesting that the price might retest the channel, then continue with the bearish momentum. I have two suggestions for our case: 1 - Entry below the lower low @ 11450 in case the...
After the price broke out of the pennant, it formed a bullish momentum thus a highest price @0.56. The price has formed a falling channel, which might be a strong indicator of a bullish momentum. Let us wait for it to break out and retest the zone. Entry after retesting - 0.495, Stop loss @0.46, Tp1 = 0.53, Tp2 = 0.565 , and Tp3 = 0.6 R: R is 1: 3 Remember,...
Since the price formed the lowest low @5.25, it has been on a bullish momentum until it formed the highest high, and the price has been forming a bullish pennant, which might be a strong indicator of a potential bullish momentum. I am waiting for the price to break out of the pennant, and retest the zone I have highlighted so that I can enter my position. The...
The price has been a bullish trend for the last few days, reached 1.38 then bounced back, testing the zone again and bouncing back, and now it is testing the zone for the third time. This has resulted in forming a cup and handle formation which might be an indicator that the price might continue with the bullish momentum. This will only happen if the price breaks...
According to the higher time frames, there is a falling channel which is a major indication of the bullish trend. Now it has reached a major support zone, which is the previous lower low of the channel. According to the lower time frames, there is a ranging market which might give us the go ahead of either a bullish or bearish momentum. Let us wait for the...
The price is following a falling flag/ channel according to higher timeframes (Weekly), it has reached the lowest trendline of the channel. It has broken out thus forming a bear trap. According to the lower timeframe (1H, 15 minutes), an ascending triangle is formed which might be a big indicator of a bullish trend. Let us wait for the price to break out of...
The bearish momentum is still strong. For now, the price is consolidating after attaining a lower high according to the higher timeframes (D), and I predict a bearish breakout for this pair. My long term target is at the lower trend line thus my entry is at 1.284 and Sl @ 1.289, slightly above the market resistance zone. Entry - 1.284, Sl - 1.289. Tp1 - 1.279,...
According to the higher timeframes (D,W) the price has formed a rising channel, hence a major indicator of a potential bearish pattern, and the price touched the upper trendline, retested it and now formed a bearish confluence. The price touched a major support zone, bounced back up/ pullback, but the bearish confluence is still strong. The price might be rejected...