melihFX

melihFX

1264-1265 is ok for short.

melihFX Updated 

Fibo + Horizontal resistance + harmonic structure makes me think about selling. Look closer to lower time frames for reversal patterns today and tomorrow. 1.13 is possible.

melihFX Updated 

Testing the broken resistance area. 49.10 - 49.20 is selling. If fails to break the resistance then it will fall to the support line 48.16. If falls to 48.16 then it'll trigger the change of the trend to bearish.

melihFX

Let's see how it goes.

melihFX

Expecting a correction.

melihFX

1271 is a strong resistance area. Worth to try.

melihFX Updated 

I thinks its ready for the long. Bouncing from 113 extention. Opened a long pos 1.2472.

melihFX Updated 

Openned a short position (1257.20) for the correction.

melihFX Updated 

We're in a very critical price level. Price testing %38.2 retracement level right now (1.2540). Lower time frames (1H,4H) shows hesitation to the down side. Any good news for USD or bad news for CAD will possibly take price to 1.29 and 1.3225 area. For down site continuation we should see very strong news and price action to continue short positions. To open...

melihFX Updated 

I'm following the daily down trend. Just shorted OIL from 47.25 Expecting to see one more drop to the main support area. 40.60 is %50 retracement level. Good luck

melihFX Updated 

I think it's good price to open a long position. Long term trend is bullish.

melihFX

I think it's reversing right now. If reverses it will be very fast. Tested 113 extention and today retested it. Close (and stay) below 1.2860 is invalidation of the setup then it may go down to 127 extention. Check smaller time frames to find a pattern for entry. Good luck.

melihFX

%38.2 and %50 retracement seems to be a good possibility. TP1 1.3175, TP2 13210

melihFX Updated 

Very bullish impulse. Needs some time to rest here. Target +150pips. Risk -50pips.

melihFX

1.618 extension (1.1253) level tested two times. As long as price stays below 1.1253, correction possibility will get stronger. My preference is south.

melihFX Updated 

Still bullish. I'm expecting a drop from here.

melihFX Updated 

exp on the chart

melihFX

Exp on the chart.