The graph above contains two interesting technical patterns 1. Doji-A Doji is a name for a session in which the candlestick for security has an open and close that are virtually equal and are often components in patterns, What Does a Doji tell us? Most of the time it comes as a sign of reversal And that's what happened 2. Three White Soldiers - is a bullish...
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
I've been out of action for a while but hopefully back with full force :) We broke out from our rising wedge and now waiting for the pullback before entering a sell position and a long term target of 1.27786 This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage...
Buy above 1.2510. Stop loss at 1.2421. Take profit at 1.2651. Reason for the trading strategy (technically): Price has shot up and reached our profit target perfectly as expected. We now remain bullish above 1.2510 support (Fibonacci retracement, horizontal pullback support) for a further push up to 1.2651 resistance (major Fibonacci extension). RSI (34) has...
Sell below 1.2546. Stop loss at 1.2632. Take profit at 1.2356. Reason for the trading strategy (technically): We remain bearish below 1.2546 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to 1.2356 support (Fibonacci retracement, Fibonacci projection, swing low support) especially with price making a bearish exit. RSI...
Sell below 1.2546. Stop loss at 1.2632. Take profit at 1.2356. Reason for the trading strategy (technically): Price has bounced and reached our profit target from yesterday. We turn bearish below 1.2546 resistance (Fibonacci retracement horizontal overlap resistance) for a push down to 1.2356 support (Fibonacci retracement, Fibonacci projection, swing low...