nelsyboy

nelsyboy

I previously posted a BUY for this pair on 14th May which did prove to be a very small bounce at the time my idea was posted. Price has now carried on down to another junction of trend line and previous BUY price. It's a risky BUY but one to watch in a lower time frame perhaps. Obviously if there is a solid break of line at close tonight, then chances are the next...

nelsyboy

My original idea SELL EUR/GBP made 40pips from the top on 12th May. I have taken profit on that trade reluctantly because I was fairly confident price would drop once more to the lower trend line. At which point it would be a BUY. Obviously, it could push on from here anyway and blow this idea out of the water. It will be interesting to see what happens.

nelsyboy

SELLERS came in at the price as per the meeting of the horizontal line and trend line. Todays candle has covered yesterdays as at time of publishing this idea. If it stays like that til midnight, then tomorrow should also be down.

nelsyboy

A meeting of a downward trend line and previous BUYING price. There is a good chance of a bounce here. Previous movement down was 4 days. This movement down could just be 4 days. It is risky because it is against the short term trend.

nelsyboy

Things getting slightly more complicated. I have marked the price where recent SELLERS dived in with a horizontal line. The downward trend line and upward trend line means a FUTURE situation of break up or break down (Pennant). Right now though, I believe there is a SELL opportunity coming up. The big question is the entry price. Is is it now or is it a SELL ORDER...

nelsyboy

Previous tramline channel has been broken and price is on its way down to next possible tramline channel. The meeting of price and tramline coincides with the last buying zone price. That is why I am going for a BUY.

nelsyboy

The pattern is clear. I got the SELL zone right on close of business 6th May. Last two days look like small retrace on downward move just like previous moves. I am holding on for a further move down. It will be interesting to see.

nelsyboy

Apologies for my recent SELL idea on this pair. A descending triangle pattern was in the making but needs a minimum of FIVE touches on support/resistance to be confirmed as one. Therefore, much to early to SELL. Those of you who saw my LONG idea from 5th MAY 4hour chart where I showed a channel that price was following can see that we are not being completely...

nelsyboy

Is that it for the movement up? Back into the sell zone. Previous move up lasted 7 days. Hopefully it's on the turn.

nelsyboy

Should have spotted this one in the making last week. Appears to be forming an ascending triangle. Price did hit trend line which is also buy zone from previous low. I'm hoping there is enough buying momentum to take it higher.

nelsyboy

My previous BUY on this pair has not come to fruition. Fortunately, the BUY was around the base line support but it's still disappointing when the market shows you who's boss. The current picture looks like a bearish descending triangle pattern with multiple knocks on the door of support. This should play out like all the text books say it should. To the downside.

nelsyboy

Whilst I am still long on this deal, this time frame shows we are in the middle of a descending triangle pattern which is of course Bearish. This current low is only the second real test of support so we should ideally see one more bounce off of this at least. Current rythmn suggests movement early next week to the upside. It will be very interesting to see if...

nelsyboy

Back into the SELL zone and the selling has started. I noticed the USD showing weakness in a couple of other pairs so this does look promising.

nelsyboy

We were discussing a BUY for this pair and we were ahead of the game just a little. Price is very close to initial BUY price from the recent two green candles. A BUY is on the cards.

nelsyboy

Looks like we are due a reversal. Price has hit the previous sell zone. It may even go just that little bit further UP first but a SELL is on the cards.

nelsyboy

My previous plan from the daily chart I published for this pair is not coming to fruition but there is still a few more days to run. The 4hr chart shows a positive sign that price is sitting in the lower levels of the channel but only just. There is still hope of a LONG but it feels like it's getting slimmer by the day. Time will tell.

nelsyboy

Hoping that the BUYERS will come in again tomorrow to complete the pattern. They have followed it to the letter so far. Every 5 days there is a change of direction.

nelsyboy

All other waves had a breather on the way up or on the way down. I'm sticking with my 5 day plan for this final wave C. Surely it must get close to the FIB 38% retrace.