danford

danford Updated 

Weekly: There is a channel forming and an upward trend Daily : bullish railroad pattern seen and price is bouncing away from the trend line showing validity of the trend line as well as expected upward movement . Keep in mind there is a daily resistance at 135.245 , hence we can expect upward movement to 135.245 or reverse on this resistance. If this resistance...

danford Updated 

In 4hr: double top with an engulfing candle pattern price ranging between 1.8659 and 1.8328 Candle closed below 50 ema On 1hr: Candle approaching 200 ma expecting a retracement to 1.18443 which is 0.618 fib retracement TRADE : If price closes below 1.18289 then we continue downwards towards 1.17497 since it will break 4hr resistance level if it breaks above...

danford Updated 

Seeing a short position on this pair wick fill on the daily timeframe suggesting stronger bearish trend EMA crossed and 4hr resistance zone broken , second confirmation awaiting possible retest on lower timeframe before going short SL : 135.318 which is 323 ticks TP1: 134.632 TP2: 134.052

danford

bearish trend