UnknownUnicorn716030

UnknownUnicorn716030

Just a follow up trade. Testing.

UnknownUnicorn716030

This pair has been on an uptrend since mid april-may from the 0.893000 region which is a strong weekly support. It has respected an ascending trendline that I drew twice. I'm expecting it to return to this trend line once again. Wether it will break or bounce from this time will tell. However, for now I can see some potential shorting opportunites. Here is a...

UnknownUnicorn716030

I just saw this potential shorting opportunity. Scaling back on the daily chart I drew an ascending trendline which was respected twice so thats one confluence check. Another one is that the trendline bounce zone aligns with a 38.2% retracement level. I can also see multiple pin bars (if im correct) which is some extra confluences for me to enter this trade. 1...

UnknownUnicorn716030

Last week this pair has respected and bounced from key area of support and resistance (yellow) - creating a new higher low. As well as completing 3 bounces from a key ascending trend line. My thought on this pair is that it may be on its way to 1.30490, thinking beyond that my second target is th 1.33300 region to create a new higher high. However, it's also...

UnknownUnicorn716030

This pair recently has created a new higher low at 139.300, which abled me to draw a trend line using the previous higher low at 138.700. My first thought is that this pair could potentially create a nice bounce from this trendline to go to my initial target at 143.000 - break past that, we could see the price to pay a visit back to a key level of resistance at...

UnknownUnicorn716030

I've been watching this pair closely for the past week. My bias was that if the price breaks 1.26533 (which it did) we could either see a new lower at 1.23730 - which is my current take profit level. OR alternatively a higher low at mid range of my target. But reading the news, they have said that bears could prevail. However I'm not that experienced at...

UnknownUnicorn716030

The price has now reversed from its big bearish move and has bounced from a key level of support. The price has also broken a key descending trend line, I am eyeing for a retracement to the 61.8% retracement - which is a previous level of support and will be looking to enter from there. There's a lot of bullish potential from this pair, I'm just waiting for the...

UnknownUnicorn716030

Just saw this potential entry point at 50% retracement.

UnknownUnicorn716030

The price has respected the 50% level in the past and has respected it once again this past week and has shown a strong bearish move back down to the trend line, we've also reached a potential support zone so we are now waiting for a bounce to create a new higher high or if trend line is broken, target will be at 0.95331. The green line is where I had taken a...

UnknownUnicorn716030

Our bias is: 1. If 61.8 holds we could see a trend continuation (I've taken a short trade). 2. If 61.8 breaks we could see a change of trend (Stopping us out at 30 pips).

UnknownUnicorn716030

Overall trend on the daily is bearish how ever we've recently retraced up to the 23.6 FIB level - closing with type 1 candle close, we are currently awaiting for the bearish candle to close to finish off this week. My current bias is a trend continuation based on the strong candle close on the FIB level. If my analysis is correct we could be seeing over +300pips...

UnknownUnicorn716030 Updated 

Looking at the 4HR chart, the price has broken back through a key descending trendline and now has retraced to a 50% FIB level. My bias is a potential further decline to previous support level at 0.95527 - which is an 80 pips target with a stop loss of roughly 20 pips. This is a risky trade but its all practice :)

UnknownUnicorn716030

Over all market direction is bearish. PReviously making a new higher high at 1.67370 (50% retracement level). Could we see a new lower low at a previous higher low level at 1.61869 (29th February 2017?). 269 pips potential from current market price level.

UnknownUnicorn716030

The market is in a downtrend, creating a new lower high yesterday at 1.17700 (50% FIB level). My bias is further downside movement at previous support and resistance level at 1.16591 (60 pip target from current market price).

UnknownUnicorn716030

Ideas ideas.

UnknownUnicorn716030

Chart study.

UnknownUnicorn716030

Testing.

UnknownUnicorn716030

The price has broken below the moving average and has retraced and retested the 61.8 fib level at the previous candle. My bias is further bearish movements. Just testing.