Price is on a monthly support level, however, looking at daily, it seems that price soon would be testing multi years low at 11 dollar...
you may wait for clear breakout in either way...
keep an eye on ... how it plays out in this week...500 pips opportunity in either way...
On daily time frame it has clearly break the important support level, however, it is on a weekly support level which confluences with 50@ retracement level...so i would rather wait for weekly candle to close below 151.5 level and look for short opportunities next week towards with possible target of 147 level....
which way will it break..... please share your thoughts...
falling wedge pattern...be mindful...
this is bear market, short only if trendline breaks...enter again at restest of 117.90 level
short rising wedge breaks... entry at retest tp 1.720 stop loss 1.2100
price is moving down on descending channel ,price is at minor support level and may continue to drift lower towards the daily support level at 116.00, i would not go long until price would break the descending channel
structure has been broken but market is on sideways, i believe this market would have one push up towards 178 area that would be perfect opportunity to go short.. stop loss 1.79 target 174.
wait for the 4 candle close above 2450 if it does, buy at first retest..simple...target 12590 stop loss 12380
price continues to make swing low, it is every opportunity to short the market with every price spike up...
this pair is going to test 1.79 level in coming days... notice on a daily timeframe it is making lower low and lower high... i would wait for 1.85 level for better risk and reward and go for short for 600 pips...my stop would be above the weekly pivot at 186.5 level... please give feedback.
Do not buy or short now, buy at the bottom of the 4 hourly chart channel confluences with horizontal support ,,sell at top confluences with horizontal resistance... keep it simple...
there is wedge formation on 4h chart ..if broken might give an opportunity to short the pair. if wedge breaks, wait for the retest of blue line and go for short possible target have been marked...stop loss above the most recent higher high.. please give feedback....
everything on the chart.. please give feedback thank you.
check the trend line.... price close below the weekly trend line....easy target is 19012... wait for the price to retest weekly trendline of 12089 if it retest...