Buy around 1.10050, TP1 .5 Fib, TP2 1.27 extension. Double bottom candle on D TF. The indecision on 4 hr TF could warrant a bullish reversal. Bottom of inner TL. I am waiting for bullish candle close around 1.10100 on 4hr TF inserting higher high, and then entry search on 1hr TF.
Last week of the month. Overall bias is bullish. The MA cross, Weekly bullish engulfing, great fundamentals and overall price action makes this an attractive buy. I expect a break above TL (11925 - 11950), retest and continuation on this index. 11600 would be the ideal entry price because the indecision candles make me think we could see a short term decline...
Bullish engulfing close on monthly above 1.12100 key mid level between 1.07500 and 1.16700. RSI is in oversold territory indicating bottom of downtrend. MA cross on Daily whilst acting as support and resistance on Weekly time frame and as we have closed below 88.6 fib we can see significant drops lower before a big rally up. Mid Term bullish, but short term,...
Patiently waiting for CTL break and retest before I enter short depending on fundamentals in regards to Greece's situation. Target 127.2 fib level,
Patiently waiting for the CTL break and retest before I enter short. Target 127.2 fib level.
The bearish engulfing candle on the weekly tf took out the bulls of the last 4 weeks and after the record highs we have seen it may be time for a correction, so I really think this pair is due to go lower, 1st target 11300, after depending on fundamentals I will look at 10000 as second target, interesting to see how this plays out.
We're in a little/tight range, weekly candlestick close looks bullish, plus we are at the bottom of the monthly upward trend-line, so what i'll do is, i'll wait for a break of the range to the upside and a bullish monthly candlestick close for confirmation. I'm new to trading so i would appreciate comments and constructive criticism.