UnknownUnicorn6293208

UnknownUnicorn6293208 Updated 

We are in a correction with a first wave leading to an uptrend. Based on fibonacci extension we have a possible move to 1.9520 area, when those areas are met, I'd be expecting retracment above 61.8 levels on Fibonacci retracement once we find the top of the peak, from there look for M shape double top reversal. Once those areas are noticed, then another...

UnknownUnicorn6293208

Now that we have another retracement, we should be looking to short. Higher time frames have lower highs since the 2.07 level, market has been bearish since that time. Retracement had stop short of Pivot Point 1.9584, if prices had broken through I would had looked to a long position, but it didn't. Stochastics in Over bought condition suggests that Short is...

UnknownUnicorn6293208 Updated 

After doing my top down analysis on multiple time frames I have noticed that we are in a Bearish Market. 4 HR Stochastics with Bearish peaks along with Lower Highs. Charts are also respecting trend line to the down side overall. After that big short from yesterday and prices staying below weekly pivot point 1.9678, in the big picture we should be looking for...

UnknownUnicorn6293208 Updated 

Yesterday we had opportunities to short, but when the pivot point is passed and respected, now we have to take into consideration going long. The market at the moment is presenting itself Bullish, but we haven't got the retracement for entry just yet, wait out before entering. Pivot Point @ 1.9600, if prices go below then we are looking for Shorts, if prices...

UnknownUnicorn6293208 Updated 

Now that we had seen Day 1, now we will be able to follow the movements. So we had our first break out to the downside, testing fibonacci key zones and also staying below a pivot point. Current prices are back to pivot point area 1.9663 area, if it stays below we will be expecting another down trend continuation. Retracement back to trend line also follows...

UnknownUnicorn6293208

Now that we have a confirmed down trend, we should be looking for sell positions. Stochastics in an Oversold position suggesting we shouldn't put in any orders at the moment. Waiting for a retracement using fibonacci we should be able to find an entry point. Pivot Point @ 1.9663, pay close to attention to this key level, if prices stay below we are going to be...

UnknownUnicorn6293208 Updated 

Last trading day we had nothing, but sideways consolidation giving us mixed signals to go short or long. After taking a look closer I notice that we still have a high probability of a short continuation. Stochastics in Overbought condition suggests short position is high probability. Fibonacci taken from the high point to lowest point of last trend shows us...

UnknownUnicorn6293208 Updated 

Been observing closely lately the movement, a lot of us were thinking that we had hit a bottom to go long, but as we had seen 1.9890 was unbreakable. Since that time, we have nothing but a continuation to the downside. Using Fibonacci, from the highs @ 2.06 and bottom @ 1.9560, the next approximate target would be around 1.9460. I'd re-enter close to 1.9740 and...

UnknownUnicorn6293208

After observation on Day 1, we still have a continuation pattern to the downside. Our first major sell off bouncing off 1.9589 with a retracement going up wards to Resistance/Old Support @ 1.9690. Stochastics in an Overbought condition suggesting Shorting is higher probability. Expecting more downside as the week progresses, but we still have to take into...

UnknownUnicorn6293208

From last trade day, we knew it was going down from Friday Highs. Interesting instead of having a smooth downtrend from the highs, we are starting off with a gap down at support zones. Even though it had bounce off the support line, it is still in consolidation, trend to the upside is still not here yet. For the time being, it is best to wait it out instead of...

UnknownUnicorn6293208 Updated 

After watching repeatedly what's been going on this week, it wouldn't surprise me if we had another retracement to another new high. If it did retrace, I'd look around 2.040 first, probably consolidate during AUD JPY Session like it has been for the last few days, and then break out to new highs as we get to GBP LDN Session, and another push when US Market opens,...

UnknownUnicorn6293208 Updated 

This is 3rd day of trading, and after analyzing once again, we have another Higher Low situation. Higher lows from yesterday, stochastics in oversold condition, both suggest to go long still. I know we had a little retracement from the highs yesterday, but there has been no continuation to the downside. What we should be looking for at the moment, is...

UnknownUnicorn6293208 Updated 

After that big run from yesterday, we were expecting pullback, but instead of a big short like many is wishing, we are seeing a retracement of that big run. Possible support @ 2.0165, expecting for consolidation in this area before going back long again. Stochastics is in Oversold condition, but still hasn't reached an area to enter, meaning that this graph...

UnknownUnicorn6293208

We just had this big run up from 1.9900. Stochastics is in an Overbought condition, shorting would be a high probability trade at the moment. Looking to move towards 2.0000. Still allow the market to play out at current prices, trend to the downside is still not clear yet, but soon. Happy Hunting.

UnknownUnicorn6293208

After following the movements, the chart is still Bullish in nature. Last trading day, price had bounced off 2.0050 level, made a higher high closing about 2.0220. From there stochastics is in an overbought position, suggesting a pull back to near support area, and then from there we can expect another run back to 2.0330. When the market opens up we will have...

UnknownUnicorn6293208

We are in a consolidation area with test to support area, right now on the 15 minute we just had a steep drop to 1.99670, waiting for a double bottom reversal pattern before thinking of trading. Until we have confirmation of a strong support and an uptrend direction, this will be in consolidation for a while. Once trend to upside is obvious then we trade. Happy Hunting.

UnknownUnicorn6293208

Even though we are in a Demand area expecting to go up, after a while I'm starting to see weakness in the Demand, and soon it will break down for a Short Continuation. With high impact news from GBP and USD coming in a few hours, I can see why this wouldn't go any higher at the moment. Trade with caution. Happy Hunting.

UnknownUnicorn6293208

After a pull back from 2.0160, we have an area of possible demand around 1.9960. Stochatics in Oversold Condition suggests going long. Still waiting for confirmation and test of support, then enter into long position once this gets trendy. Do not early too early, there is always a possibility of the continuation to go short. Until then, allow the market to...