Ninja analysis. The pair is up from recent triple bottom formation. It will possibly retrace a bit and then go up again.
some pullback then long to (4) of the wave, then short.
Possible short idea to trendline
The cable reached major downtrend line. Expected to see some pullback
Long until EURO reaches supply area indicated in the red box then short.
EUR has found a new bottom of the year but down-trend has been rejected by long wick candle in 4-hour chart. We should be able to see some retracement to previous bottom level
The cable is in a long trend. Buy @ 4 and TP @ 5.
GEPPY trade idea. Long. Inversed Head and Shoulder pattern. Possible uptrend.
Possible uptrend / downtrend scenarios. I believe the Cable is up-trending . Point (1) may act as an absolute bottom of the year (Only 70-80 pips higher than the lowest of the Cable) Point (2) looks like 2 of Elliott wave Cable is blocked by major supply zone 1.218XX - 1.220XX . 1.215XX area will play an important role to determine if the Cable is...
Possible head and shoulder bearish set up
We are really close to the end of the entire cycle (point C). I believe point C will act as strong support or buy/demand zone. 1.199XX area is the lowest of the Cable, so stay tuned. Big buy opp coming.