michele_laino

michele_laino Updated 

In this moment, we have a nice bearish harami pattern on the daily chart, this means that the retracement might be end. For confirmation, we must wait when candle is complete. The High of the second candle of harami pierced 61.8% Fibo. We have two signals for a bearish move and we could think that bulls run out of their force to push up the price. My forecast is...

michele_laino

Other warn today with this spinning top and this shooting star not yet complete on the green rectangle. I think the bull force run out of steam. Soon we will see the price fall.

michele_laino

On the daily chart the correction seems over, we will have confirmation when a bearish pattern will appear. We are on 61,8% Fibo. Furthermore the trend line, if you go back on the daily chart, has worked several times as dynamic support and resistance. So i think the trend line could work again as dynamic resistance and will push down the price. Leave me comment,...

michele_laino Updated 

On the daily chart we can see how the price, after a sharply upward move, stops near an important resistance. After a nice white candle, we can see how the price action shapes a long legged doji, after that it shapes a reversal hammer (not so nice). Furthermore, these two reversal signals shape a tweezer top. Thus, we have different reversal signals that can give...

michele_laino

Daily analisys. The correction seems over. We are at 61,8% Fibo. Now we must wait for bearish patterns and after thate we could decide if trade this currency or not. I think will be a good trade. What do you think about that? Write me below suggestions and your point of views. Thanks.

michele_laino

After an analisys, on the weekly we can see how the price shape a bullish harami. Going on the daily chart we can see that the price action in trend has started with a doji that will be a resistance point. Now we are a bit late with time for entry but the price pierced 38,2% Fibo. Anyway, I think we can go long with first target at the other Fibo level at 164,78...

michele_laino Updated 

I think the price correction is completed. In the H4 time frame we have three reversal patterns, an inverted hammer, an engulfing and a doji. Furthermore, first two reversal signals shape a tweezers top. Thus, we have different reversal signals that can give us short opportunities that could push the price near 123,6% Fibo retracement or in 0,71437 price...

michele_laino Updated 

The 60 min chart revealed an Engulfing pattern, that is a strong reversal pattern. This pattern followed by a black candlestick not yet finished. Furthermore, the engulfing pattern is at 61,8% retracement Fibonacci level. I think this will be a good short trade because I forecast that price will go down. First take profit should be at 123,6% Fibo, next at...