Good confluence, investor sentiments on the Euro and the current weakening of the NZD support our move to the upside.
Good confluences and investor sentiments shift JPY to gain strength over the CAD.
The events of this week (Brexit and further negotiates with the EU) could bring the GBP at a good position that would support our analysis.
Hoping this week gives some more strength to the GBP
Let's go get those pips. Trade is active!
Down move expected, to complete the 4th corrective wave. Later we expected the 5th Impulsive wave, i.e. a continuation to the upside. And the market did just that. Kudos!
We expect a small correction to the 38.2 or 50.0 percent Fibonacci level before a continuation of the move to the upside.
Move to the downside, good candlestick formation and then we can long the pair !
Hello guys, last week our pair smashed about 87.5 pips in our direction, we still expect the move to the downside. I think we can breakeven at this point and run a risk-free trade because the price has advanced far past our entry. Also, traders who are satisfied with this movement to the downside can start locking profits or closing their positions because the...
My best guess is finally shorting this pair now... It's been over 5 days of waiting, I sense a remarkable confirmation at this point in time. I have stated the risk to reward ratios in the above image. All the best!
After waiting several days for a good reversal pattern to push the price upwards, to retest the neckline of our Head and Should pattern, this week ends with very positive prospects for our pair. Now we expect to evaluate price action in the red zone and then sell our pair after a possible confirmation, smashing at least 400 pips worth of profit.
A double bottom chart pattern on the H4 timeframe together with a previous day bullish candle prompts us to take a bullish move to the upside today. But first, we expect the market to test a broken structure as seen on the chart before continuing its upward motion. Only until we have a positive retest can we buy this pair.
Waiting for that last retest after a downside move then we can go short with our pair... Smashing at least 400pips. Kudos!
Finally, price approached the 1.31042 level - watch out for good candlestick patterns that confirm shorting opportunities as long as the 1.31042 level continues to serve as our strong resistance. In the case where price breaks it upwards, it would be best we abandon this pair for today and look for other opportunities.
Hurray 33.2pips success... Good for a day's job. Also, it seems like the pair would be producing a Head & Shoulder pattern. So for anyone continuing to trade this pair Today, it would do good to have this in mind.
As of last night we expected our pair to go upwards towards the red zone, it has made that move upward covering 13.6 pips from our previous analysis even though it hasn't reached our red zone yet. Also, I can identify that price might not just move upward straight or quickly as our analysis previous stated. It might be trending on the trendline drawn (in red...
As of last night, we expected our pair to do a small retracement into the red zone, which it has done and gone beyond (a move of 11.7 pips). Now we would be monitoring price action in this zone ... by expecting a double bottom chart pattern. However, if price fails to produce such as pattern necessary to push price back upwards then it means the pair would be...