You can see over the year we have been trading between the two main support and resistance. From price action you can see this market is starting to lose momentum trying to break through the resistance barrier. Bearish candle sticks and short term 2 hourly trend line has been broken. Think its time the pound dropped! let me know what you think!
As you can see on the weekly chart this has been repeatedly closing below the resistance level after failing to break i see this as bearish price action and would predict for this to drop this week.
Already made alot of points on this pair and i can see this melting even further as it had broke another major support line. Let me know your thoughts!
Looking for this to drop 200 points over the next week or so. Have bearish price action over daily and weekly time frames as well as a break on the trend line.
As we can see a bullish engulfing candle stick on the daily chart that has bounced off the 20 MA and following the long term down trend. Hoping for this to go back to the 0.73200 support level let me know what you think
I think OIL will drop from here we see a double top pattern form and on a daily chart a double tweezer pattern. It has also respected the down trend line and as we have confirmation due to price action i think this has the potential to drop 400-500 pips. Let me know your thoughts!
I can personally see this pair having a massive drop. We see it finally breaking through the trend line which has been tested on multiple occasions over the last couple of months. Also i can see a head and shoulders pattern form on the daily chart which has now broken the neckline. Price action has been very bullish and i can see this retracing to the trend line...
We finally see a bearish break out on the triangle which moved to the support barrier at 1.36000. It has retraced and failed to break through the triangle with bearish price action showing. I see this pair moving down to 1.34500 area.