sennaMC

sennaMC

The price closed within the downtrend channel last Friday, look at the green box is the support area, however we might be able to see it broken down this coming week. before doing that, a retracement should be happening before that. Recommend entry: 54.90, TP1: 52.00, TP2: 51.00, SL: per your risk management.

sennaMC

Pre my analysis the retest of the trend line happened so quick. that make the daily candle stayed in the daily trend line.

sennaMC

This is the pair I love most however it is not recently due to brexit. here is overview for next week. Overall the trend is bullish, so we will be waiting for it to break the h4 trend line. it has been rejected twice on the 38.2% fib, we are looking for it to retest 50% and 61.8% next week within the trend line. Once it break out again, we are looking for entry...

sennaMC

This is a pair I normally dont trade because it is too much liquidity. but here is some ideas for next week. it is more likely for counter trend traders. We are expecting today's candle to close above the green box so we will looking for a big push back during next week. however overall EU is downtrend, be careful for the SL setup. For trend traders, we will...

sennaMC

The bottom yellow line is the weekly trend which is showing overall is bullish. Now the big impulsive down candle on H4 maybe trigger an entry point, lets wait till this candle is closed, there will be two scenarios 1. it this candle closes above the H4 trend line, we will wait till monday to watch a bit consolidate for the buying entry. 2. if this candle closes...

sennaMC Updated 

It has been respecting the daily trend channel well. Move to the H4 trend line, which previous was uptrend, now we are in the process of downtrend.

sennaMC

We can see it is bullish from the monthly, weekly and daily chart. refer to the bottom yellow monthly trendline. Looking at the daily chart we can see it has been respecting the 50%Fib nicely. Dropping down to lower H4 timeframe, it is has been follow the trendline well, however we are expecting it to break out either around 61.8% or 78.6Fib area to active a buy...

sennaMC

Overall trend is bearish, the yellow weekly trend line has been broken. We are expecting further down in next month, however before doing that it might be retracing back to retest the previous trend line again. If you are a counter trend trader, you can active a buy order now, TP is 0.68195, SL 0.67346. Personally I am a trend trader so I will wait till a push...