The Cable is at key level 1.40000 of which if it breaks next level is will target 1.41000, if fails will drop to 1.39000, I am looking at shorting the cable as long as its at a bearish OTE, which is a key level as well. Although GU has crossed retracement level 62% for the current bearish impulse of the late february swing, it has shown good rejection at 78.6%...
The market is at bearish OTE level and key resistance level 1.4000, if it will be able to manouver the level 1.45 is next objective, if it fails a drop from that 1.400000 level with objective on 61.8% of the 1.40000 -1.35000 segment levels i.e 1.37000 is likely. However, the market have been coming from the bullish OTE, success on 1.40000 breaks, a rise to 62.8%...
GU has broken key resistance level 1.3900, and resistance levels 1.39500, and bounced slighlty @ key resistance level 1.40, a recollection prvious weeks levels 1.39500 ,,, 1.39000 likely possible
The cable have broken resistance level 1.39000 with an objective to collect some SELL ORDERS @ 1.4000, which it has done on friday 7th during NY session, Pound next objective seems to be 1.42000, however it may likely re-collect some BUY ORDERS at 1.39000,,, thereby retesting of previous support levels 1.39500, 1.39200 is eminent. @ 1.400, 1.3980 we see how it...
1. On one side: It is at 76.8 % fib retracement , so its entry for sell, (2). On the other side it has crealry presented to us a BMS, and forming and SMS.
We are not fun of trend lines here, only just in this one case
After the triple tops, using fibonnaci reatracement until 61.8 % level, with three BTMM's strategy levels drop down and retrecements
Following the 5th wave completion, and observing a flat market in the past 1 or 2 market day(s), along with diminished momentum not only in the EURCHF pair, but also many other pairs, major breakouts are eminent in the upcoming week(s). EURCHF in particular, in the 4th wave, it did exhibit a breakout of the second major wave of the descending bearish triangle....
Looking at the bearish descending channel /triangle ( wedge pattern with lower lower lows and lower highs) that has been forming for weeks now, a breakout of this wedge pattern is inevitabel; (1)it is a descending triaangle, basic BTMM, breakout is likely to occur in the upward direction, creating a new high nearly , or a little higher or little lesser than the...
Looking at the bearish descending channel/triangle (wedge pattern with lower lower lows and lower highs) that has been forming for weeks now, a breakout of this wedge pattern is inevitabel; (1)it is a descending triaangle, basic BTMM, breakout is likely to occur in the upward direction, creating a new high nearly , or a little higher or little lesser than the...