CyberFxTrader

CyberFxTrader Updated 

I think it will go up soon.

CyberFxTrader

You it's in a downtrend. It's now creating a double top pattern on the 61 fib level. After the weekend it also made a gap down which means it's most likely to continue down soon.

CyberFxTrader

In my point of view, i think it's more likely to continue up because it created two strong support areas. I would buy once it break and retest the resistence zone. And i would sell if it goes below the lowest support level.

CyberFxTrader

I see it rejecting resistance level so it might go down now

CyberFxTrader

You can see usd is loosing momentum and it's breaking structure. I think this will be a good buying oppurtunity. Also if you look at the rsi indicator, you can see strong sign of divergence.

CyberFxTrader

I think this will continue down once it hit resistance.

CyberFxTrader

I think this will continue up once it hit support.

CyberFxTrader

There are many confluences to support that it will continue up. It broke out from trendline, and it broke structure, so now i think this pair will go down to 38 fib level/demand zone and then continue up.

CyberFxTrader

I think this will go down on this resistance level. You can see the resistance is also on 38 fib level. It has recently going up slowly, and it hasn't broke above any structures. I think it will go down until it touches trendline, then it might reverse.

CyberFxTrader

It is positive news for usd, and it seems to respect the resistance level. I think its most likely to go down to next support level.

CyberFxTrader

I think it will continue up from support level.

CyberFxTrader Updated 

Here you can see decending triangel. I think it will continue down if it breaks through support level.

CyberFxTrader

You can see it broke out to the upside of triangle. That means the price is most likely to continue up It might also go up from around 78.730, but i think it might go further down because the price likes to retest trendline after breakout.

CyberFxTrader

There is decending triangle and the price might push down.

CyberFxTrader

If the price respects recistance level i think it might wanna go down

CyberFxTrader

I can see it respecting recistance level and will probably go down.

CyberFxTrader

I think this will be an easy pair to trade today. It's not much traffic to the left which will prevent it from continuing up. I think it will continue up from support level / 38 fib level. Im gonna make sure i can get a 1:1 risk to reward ratio to at least 1.83636 because thats the first recistance level which it might stop it from going up.

CyberFxTrader

The market seem to respect trend line and recistance key level, so in my opinion it will continue down.