OK after 2 profitable trades on this Anglobritphilekiwialicious pair and a drunken 4am chat with the fella on my shoulder, we are going to contiue yesterdays form and bleed this sucka dry. Missed the SHORT in this wedge so lets go LONG. See you on the other side. X
Success was had when the pair touched 1.92000, another long entry has presented itself, once the lower marker has been tested go long for a decent ride to the higher purple marker. Enjoy X
You can catch the pair nice and early for max profits as the pair moves up the rising wedge to 61.8 on The Fib LONG
After the Double Bottom worked its magic yesterday all thats left to do is choose your exit point on this SHORT the RSI confirms an entry point favourable. SELL SELL SELL
Everywhere i look, i see sell, sell, sell but chart up and i see buy, buy, buy, a nice H & S has formed with a resistance zone that hasnt been nudged since February SO im long but yes it could go belly up, horribly.... he who dares.
After hitting heights never been seen before i expect the Euro to come crashing back down to earth, take your pick of support levels, boldly i will suggest that the pair falls to 89.400 today and then depending on your comfort levels 89.200 89.000 and 88.700 are all realistic for the coming week.
Im seeing a pair that re-aligns with the upward swing in momentum, Fib agrees that a possible move to the resistance zone could be on the horizon @ 1.276. Expect for the support area to be touched up initially. Some also see a slight double top which although adds weight its up for debate.
Although there is a heavy sell everywhere you look, for me the chart is pointing LONG to totally negate that inference, we are at a heavy support area and partially toward the bottom of a descending love tunnel. I feel she will move up somewhere in the resistance zone highlighted where she heavily featured not so long ago. WAIT BUT GO LONG
Follow the compliance pattern where a breakthrough within the channel should occur, then watch for a signal to short at around 1.124 (resistance) the pair should stop at the support line, however just as likely is the idea that the pair falls back into the compliance zone within our channel at 1.119
Follow the pair along the compliance zone within the downward channel for a SHORT until 1.11450
Since the turn of the year the pair has seen bullish recovery but that seems to have halted, for the time being anyway, expect the pair to veer back toward the Oct 2018 bearish trend with the possibility that we witness a breakthrough of the support area through to 61.8 on The Fib. SHORT
Look for the pair to continue sliding towards the key support area, if it breaks through a double bottom will form where the bulls will take over but for now SHORT
I expect the pair to follow the channel after the double top had formed and thus disagree with the majority that are buying, the pair can expect to break the resistance point of 1.338 once the channel has run its course SHORT
Following on from our #Short at the start of February which, to all intents and purposes went as expected (check previous chart idea) a Head & Shoulders is forming on the 1D timeline. Expect the resistance zone to be nudged once more before we see a dramatic bearish sentiment all the way past 61.8 which was where our last trade would have closed out and onward to...
Expect the current bearish sentiment to continue to 61.8 on The Fib support zone, possibly we see a break through support onto the bullish trend line (78.6) which will turn the pair as the Bulls make there move
After the bullish retracement which again touched the resistance zone go short to 78.6 on The Fib bringing the bears back into the game.
BB and The Fib concur a swift move north to 78.6 resistance area, RSI approaches oversold
Go long untill resistance point which will be the signal to short the pair down to 78.6 on The Fib, anticipate the pair moving further down to support though.