Major trend line broke out, looking for retest and short. Entry 0.99500, TP 0.98500
USDCHF bullish momentum now is finished, we are looking for short now, it should break the major zone after a retracement.
Fib 1.618 lined up wit previous strong resistance as well, wait till it hit the level and sell.
What might happen for next week, we are not quite sure if it will stays above the green zone or drop down again sooner. Lets monitor the candles in the coming days.
The AUDUSD will hit the first green zone for the recovery, there will be two scenarios once it reach that price range. If that price closes above the first green box, I will be looking for buy, TP0.72200 If that price closes below the first green box, I will be looking for sell, TP1 0.68500, TP2 0.67540
Hello traders, Last Thursday and Friday we can see it is losing momentum to the top, however it might still slowly test the trendline before it starts melting down. So keep eyes on that.
The two green zones are identified from Weekly chart as two major area for the oil. Last week the oil respected the strong support zone as the price closed just above it. This coming week might be a pull back to the upper resistance zone before it broke down again.
EURCAD keep going down before a pullback (maybe straight down)
H4 rejection candle, respected the green major zone and 61.8 fib, should be consolidation and go down.
Key zone been broken, short on order.
Lower highs has been formed nicely, however green zone is major support area, the rocket down would happen once the green area been broken through, lets keep watching this pair.
I have been monitoring this pair for a while, Green zone is major area to identify the trend. this H4 candle seems rejected hard for breaking through, however we need to watch a bit longer to see what is next direction. Hit the like button guys. I will keep it posted.
Pullback seems to happen and continuous downtrend.
The H4 downtrend channel has been broken, uptrend again, however there will be a minor retracement down before it goes up again.
It will be dropping again after and retracement.