This pair will be in my watchlist for possible reversal next week, will have to see proper transition from bearish to bullish before I consider an entry . decisive Break below the green zone will invalidate this idea
Let start on weekly we can see that this pair impulse is downside then it has been rejected by 75 SMA nicely , it was rejected again at the second time. ON the daily we can see price respecting middle band of BB and double top was formed followed by move down, if we want go deep into candle formation, the top bullish was engulfed by the bear. Looking at 4 HR...
Price was Below SMA 75 and now for the first time out above it, my scenario is to wait price reaction at 9390 then see if bull start taking over. If yes, I think that is good place to BUY.
The demand zone reaction has started and I expect this pair will provide nice bullish move at least until the right shoulder completed.
Bull has step in and I think it should reach 50% retrace of the last impulse leg down
This pair has something interesting going on Divergent on 4 HR and 1 HR Back to level where historically provide big supply move. I will be watching closely this pair.
I see around 200 pips potential downside on this pair as bearish still continue to take control
Deep retrace but still bullish on this pair
Interesting set up with a few factor of confluence, 200 EMA has been holding daily chart of this pair and now price retest. Also coincide with structure historical price as left shoulder. This could be a nice trade short. Also USD has been weakening.
I am still bullish on this pair and look if price can retest the past resistant where I can BUY again
Back to trendline which has provide a lot of support, expect bullish move continuation after correction
Looking at how the structure, I am waiting for bearish sign on this pair , this is almost 3 times the risk so will see if market give this opportunity. Something nice to watch
I am bearish on this pair so every pullback is opportunity to short
Hope it will break the trendline and back to local support
retrace within the impulse, I take this trade
Price entering action zone, I expect short action once market reach the top, however I will let the market show some proper action and then look to enter at the first pullback
Did some retrace after some bullish move started at EMA 200