from the weekly chart, gbpyen is supposed to retrace to 0.38 from its extended impulse which it will continue on the daily....this pair is expected to sell just when it breaks the counter trendline. it could take a while till it gathers enough momentum for the move.
i am expecting a long only when it breaks that counter trendline.....
the price is expected to test the previous low and take a little long to form head and shoulder inorder to take its next impulsive move down....
the weekly candle of eurgbp closed below the weekly resistance....the price is expected to bounce of the resistance after it has retested it dow to the support and we wait to see what the price will do next....
the aud is strong this week and it made an M formation on the weekly....i am expecting a buy up to the neck line of the M formation on the weekly which is a long buy
the price is expected to break the resistance before the long order can be taken
waiting for it to shift from bearish to bullish environment
usd break the trendline and has retested it. we wait for it to shift environment to a bearish one then take a short position...
the price is seen to retest a broken resistance turn support to go to the upside
the price is seen at a resistance which it has gathered momentum to break....we are expecting price to break that resistance and retest it as support then make an impulse to the upward
based on market structure,it retested the weekly support after breaking out of a daily trendline.....now we are expecting a long impulsive buy
after retest of the support below...a quick buy is expected after retest of the support
expect a long impulsve buy after retesting the support below.....
waiting for it to take a quick sell to 0.5 on the fib level of the long impulse wave then a buy afterwards to make a new HH
as expected it broke the resistance.it is expected to retest it and then move upward surpassing that previous HH and making a new HH.....
it will be retesting the resistance turn support at the which is at the golden ratio of the fib level of the long impulsive wave....
price has broken through the resistance turn support and retesting it so we should see it going high to the resistance of D1