The pair reached a strong support area and formed a very bullish candle. It's time for correction. Long @ 1.1650 Target @ 1.1950
The pair hit the long-term down-trend line that started to form since 2008 signalling a big sell-off is on the way. The signal was confirmed by the divergence between the price action and the MACD indicator. A strong support area is around 1.1600 price
The pair hit the strong down-trend line that started to form since 2008 signalling a big sell-off may be on the way. This signal was confirmed by the divergence between the price action and the MACD indicator. A strong support area is around 1.1600
Bearish candle (engulfing pattern) combined with price divergence with the momentum indicator Short @ 0.8805
Short @ 1.7210 1st target @ 1.6985 2nd target @ 1.6785 SL: Daily close above 1.7370
Looks like it's going back to the channel. Long @ 1266.50 Target @ 1276.50 First resistance line
Short @ 1.8160 Target @ 1.7900 SL: Daily close above 1.8320
Looking for a short opportunity around 0.8650 rate area
Strong resistance line, bearish Stochastics divergence, strong bearish candle. Going short @ 1.4975 1st target: 1.4730 2nd target: 1.4520
Stochastics broke the downtrend line before the actual price does. A move to the upside is expected. Long @ 0.7425 1st target @ 0.382 - 0.7490 2nd target @ 0.50 - 0.7540
Fibonacci 1st target 0.382 @ 112.00 Fibonacci 2nd target 0.50 @ 111.25
Confirmed by the Stochastics Indicator 1st Target: 1.0800 2nd Target: 1.0700
Bearish Channel. Wave #5 just started. Going Short with a potential of 600+ Pips. Updates for SL & TP targets will follow.