abraham1298

abraham1298

BEARISH ENGULFING CANDLE FORMED AT TREND LINE.

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LONG, STRONG SUPPORT ZONE

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SELL

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SELL

abraham1298

Price about to hit 1.33800 zone. This zone has been a strong resistance and also 50% Fib zone. The bat form has developed and price action seems right for a sell.

abraham1298

Cuurent zone is a strong support but we did not had a HH, we might see a push even further down if the head and shoulders formation is respected. If zone is respected then we will shoot up to around .71900

abraham1298

Good support zone and trend line being reached. Price is also just in the .618 Fib zone also indicatinga price reversal. Ratio 2:1

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Trend line is being rejected nicely.

abraham1298

2.1:1 RATIO

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sHORT

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Strong trend-line has been respected. Price broke it but came back down with a strong Bear candle indicating a sell. Current candle is about 50% of the prev candle giving us a better risk/reward ratio.

abraham1298

Good resistance zone has been reached. Personally waiting on daily candle to close to confirm a sell off, it will be the safest play. we currently have three daily candles that have rejected the zone indicating a strong sell potential.

abraham1298

We have a nice sell opportunity here. Price respected Daily resistance and has plunged, now we can take advantage of the retrace and get some pips. Currently close to the 4hour resistance zone and 50% FIB zone. Good sell price wil be 1.8330-1.8360.

abraham1298

After the big bull candle we got some strong candle indicating bullish moves. 50% fib has been touched and the current candle has reached 50% of the previous doji. 2:1 set up, probably holding for no longer than 24 hours. Good Luck.

abraham1298

Trendline has been reached and price is at .618 Fib retrace after the Bear plunge, this can be considered a retest. I MPORTANT if trade is still active on Friday then i advice to close it before NFP happens. GOOD LUCK.

abraham1298 Updated 

Although we had a big Bull spike we can sell at this zone (1.67765 - 1.67675) due to the following. Previous Bull candle's body never engulfed the Bear candle, resistance zone is close, trend-line might be touched and Fib-retrace is at 50% which is a very strong point. Be patient and let price reach the zone and choose its route before jumping in. DO NOT BE...

abraham1298 Updated 

Zone tested three time already, double top has been created, the bull candle is big but it has an equally big wick rejecting the zone. Place a Sell Limit order just below the resistance to cut down the risk and increase profit.

abraham1298 Updated 

Strong bull rally previously now it seems like its retrace has landed just at the 50% Fib and ready for a buy. It is very close to trend-line so it will most likely touch it before it keeps climbing. 2:1 set up, it cant get better than this.