USDTRY: PAIR REMAINED UNDER PRESSURE FROM LAST FEW WEEK. FURTHER FORMATION OF DOJI ON WEEKLY CHART AGAIN STRENGTHEN OUR BEARISH BIAS. LOOKS LIKE PAIR MAY FIND SUPPORT NEAR THE 5.00000
Price action hovering near the resistance line and the falling resistance line of descending channel. A bear move may be anticipated. For sell entry please refer to the lower time frame chart i.e. H4
Break out of falling trend line on H4. Price action might test the support zone around 1.13400 which is at .786 fibo retracement . BUY LIMIT @1.134 SL@1.128 TP1@1.1550, TP2@1.160 TP3@1.170
EURUSD: - DOJI CANDLE NEAR THE MAJOR SUPPORT ZONE ON 1W TIME FRAME, SIGNALS A TREND REVERSAL. LOOKS LIKE PICKING FROM BOTTOM ON THIS HIGHER TIME FRAME.
AUDCHF will be testing a broken support zone. Use sell limit@.727 SL@.735 TP@.700
BULLISH ENGULFING ON THE ANNUAL SUPPORT ZONE ON THE WEEKLY TIME FRAME, CONFIRMS THE BULLISH BIAS ON THE PAIR. MEANWHILE ON SMALLER TIME FRAME (H4)THE PAIR TRADING ALONG A TREND LINE.
Sell @CMP, SL@128.800, TP@127.700