buckleforex

buckleforex

MEDIUM TERM DOWN TREND BROKEN - channel broken at 1179.50 - broke through 23.6% fib and RETESTED FIB & BOUNCED (see blue arrow) - triple bottom on daily chart in $1143-1150 area OVERALL: Prefer longs at $1177-78 (CHANNEL RETEST) targeting 38.2% fib at $1205, stop below CHANNEL at $1169

buckleforex

REVERSAL TIME - 50% fib at 1.9184 lending support (from 1.8340 low) - 38.2% fib at 1.9199 lending support (from 1.7856 low) - multiple highs from Dec 2014 at 1.9200 also supporting - lower channel trend line at 1.9175 also supporting longs - 100 DAY MA looms large at 1.9150 - current 4.43% decline matching Oct 2014 correction OVERALL: Prefer longs at 1.9200...

buckleforex

TREND LINE HELD, LONG TARGETING THE OTHER END OF THE CHANNEL. BUOYANT GBPUSD & POTENTIAL DOVISH RBA MINUTES HELPING.