If the price crosses yellow trend sell, if it stays above look for a good entry on a lower timeframe to get in position. Better yet check the lower timeframe to see how everything is playing out I like using the 4hr, 1hr, and 15min. I zoom all the way out to get a better analysis too see what type of candlesticks are in place for the Monthly, weekly , and, daily....
Seeing things PIPGOD way on the 15minTF. I see HigherLows and Higher Highs. Support and Resistance zones are set up. Trend lines are crazy. Vertical lines help keep things in perspective. What price is doing now is my only concern. Watch the candlesticks they let you know how the action is playing out between the buyers and sellers PIPGOD_
Just to keep the charts clean I broke AJ down on a 1hour chart for further analysis. I expect price to move down 25 pips to 83.29. When price reaches 83.29 I expect price to move back up to 83.79 for 46 pips. Plain n Simple PIPGOD_
Look at the charts. This is The PIPGOD_ prophecy.
This whole week and I didn't see the triple bottom formation now. PIPGOD_ vision. Keep a close eye on AC.
If price crosses 0.9545 put in short sell. If the Price goes up past 0.9565 go long. Neutral for now
Round 1: short 240 pips Round 2: long 303 pips Round 3: short 976 pips Total: 1519 pips This is all based from the Monthly chart.
Looking at the Monthly TF. I've pinpointed some major support and resistance zones using the line graph. I expect price to gradually make its move towards 1.1879. I've looked at all TFs and they seem to add up. Also it's a huge double top on the monthly chart. PIPGOD_
If price crosses top blue dotted line buy. If price crosses bottom dotted line sell. Must be real careful right now. No clear signals. As you can see I've set up a green and red triangle to help me keep Price honest. If the price goes into the green triangle I'm looking to go long. If it goes into the red I'm looking to go short. Anything in-between I'm staying...
Notice how I have pin point price action. Very strong trend if price crosses blue line of the triangle. Very strong trend reversal my opinion. The price is forming higher highs be aware of that. PIPGOD_
Wait before you make your move to go long. The pair has made a reversal going off the "purple" trendline. You can see that it went from LH to LL then to L, HH.. wait for the Higher Low to form then get in position.
The current price is 95.46 the price will head to 93.06 over the next two weeks 240 Pips easy get in now.
My first view is "long" because I see the pair has formed a deep correction matching a previous pattern also letting me know that the trend is getting weaker. That's my 99% view on the long position my 1% is saying that it could go into a consolidation but I doubt that because the candle stick is too bullish. All this data is from the Daily chart
Analyzing charts.. I still say Short if your thinking about taking a swing trade.