Forex-Nico

Forex-Nico

We saw a test of 20ema on daily tf from a very strong trend,usually the first trend line break fail and first test of 20ema is sold from the bears...If support at 1.322 is broken we may see it fall till 1.306 -1.31. From that point we have to look carefully if a broad channel may form or bulls may try to make a major trend reversal. Double Bottom from here may be...

Forex-Nico

We might see some pull backs,but i think we aim to 1.31400,Daily Time Frame,trade safe and good luck :)

Forex-Nico

Yesterday price traded above the prior day's high (bullish hammer on daily chart). Yesterday's close had a tail on top and it is not a "good" signal for Bulls. Bullish hammer if unfold in the middle of a trading range or a Flag, it's valuable meaning may drop to 50%. Bulls who might have entered with longs seeing only the Hammer but not the contest "might" be...

Forex-Nico

Price Failed to break above the bull channel and traded back into it having a deep sell off (Daily Time frame). Price retraced from 1.30280 till the breakout and test it (1.3350) Right now the market closed with a nice bull Bar,if the next daily candle has a bull close the odds are with might see higher price but if it has a bear close the attempt from the Bull...