Overview: Downtrend. Expectation: Range completion
Overview: Uptrend, price is caught up in a downward range which depicts a correction peak at 141.53 (corresponding with fib retracement @ 0.382). expecting a break of the range to the upside.
Overview: UPTREND. Price just broke through a major resistance @ 0.68630 with an engulfing candle. Using our Fib extension from A, B and C, we speculate a TP @ fib ext 1.272 (0.72815) Speculation: BUY Potential TP @ 383pips SL @ 95pips
Overview: Downward ranging channel Speculation: We are SHORTING Potential TP @ 90pips SL @ 45pips
Overview: Ranging channel Speculation: Downtrend Potential TP @ 43pips SL @ 15pips
Flag pattern formation. A breakout off the pattern prompts a signal for Long/Short. Keep watching
Overview: Ranging Speculation: Downtrend However, we shall wait for price to break the current range for a sell signal. 1.30070 appears to be a major support to be broken for entry *Potential TP @ 1.16060 (437pips) *SL @ 1.37340 (225pips)
*Overview: Break out from range continuation *Speculation: UPTREND *However, we wait for completion of retracement @ fib .50 or .618 before rally (1.30230 and 1.29770 respectively). * potential TP @ 1.34500 (440pips) * SL @ 1.29380
Overview: Raanging Speculation: Uptrend However, we shall wait for completion of retracement @ fib .50 or .68 and join the rally. Potential TP @ 150pips (0.73380) SL @ 66pips (0.71410)
Overview: Trending in a range Speculation: Downtrend Pattern: Double Top TP1 @ 1.27730 (fib.50 retracement) TP2 @ 1.23930 (This is considered when the downtrend continues from 1.27730)
Looking at the flag pattern formation on the weekly chart. Observe a potential break out off the range as depicted in the call out on the chart. However, wait for a break of the resistance @ 1.13420 (BUY signal)
Expecting a retracement into fib. 0.5 @ 0.71310 after which the uptrend rally is emphatic