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Fibre

EURUSD LAST 2-DAY REJECTION A PAUSE OR REVERT TO MEAN?Last two trading days candlestick for EURUSD ended in rejection, this could possibly indicate the pair is ready to pullback to its mean before another run up to 1.23000 as posted in our November 17 post (see below). However, with dovish (or rather a mixed) NFP report last week Friday, market reaction may look unpredictable short-term causing the pair continue its uptrend. But following the candlestick pattern, a pullback to a mean seems more likely... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Long
by BullBearMkt
Fibre Trend Still Bearish Despite Pair Inside Bar Candle on H4EURUSD main trend remains bearish despite the inside bar candlestick observed during last trading hours. The inside bar may likely cause the pair to rally up to test 1.6638 (or above) before starting another bearish movement. If however, the pair towards 1.17000, then we might witness some range movt before the downtrend continues. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Short
by BullBearMkt
EURGBP preparing for wave 3 with target 0.897A perfect retrace to the 0.886 fibo level for EURGBP which is not uncommon for a wave 2. The wave 5 pattern is forming and it needs to show more of its true colors (expect some more up & down in wave 2 & wave 4) but eventually we should see 0.897 & 0.90 in due time. This coincides with the H4 bearflag on GBPUSD & the COT data on Euro which is certainly bullish. There are currently more longs than shorts on the Euro. Stay tuned for this turtle which moves even slower than EURUSD.
Long
by CesaroPelucci