YC_Analeasys

YC_Analeasys

After completing the head and shoulder pattern, the neck like was broken and price is now trending downwards in a bearish channel. Last week’s candle hit the bearish trendline support and could be on its way back up to retest the neckline.

YC_Analeasys

After breaking the weekly resistance trendline price found resistance at around 114.000, retested the weekly resistance and looks to be back on its way up. From the 1H view we can see that the bearish trendline and previous short term support (in blue) has also been broken, triggering a long position for me. I could have waited for another retest but we will see...

YC_Analeasys

Price continues to range sideways in between 1.17240 and 1.18671. A break below support could see this pair dropping to 1.14127.

YC_Analeasys

The ascending trendline has been broken and retested, i could have waited for the current candle to close but the previous high wave candle was very bearish in my opinion. Weak retail news from the UK and positive US news were also taken into account. Let's see how it plays out.

YC_Analeasys

A break below the neckline could see this pair dropping to 1.62000.

YC_Analeasys

Price retraced to short term resistance which also confluences with 50% - 61.8% fib level, bearish engulfing formed and it was boosted by positive US PPI data. I entered short, targeting the weekly head and shoulders neckline. And a second trade targeting previous long term resistance.

YC_Analeasys

price is ranging after hitting the daily resistance trendline and breaking downwards o/s the ascending channel. I am expecting further drops once price breaks out of the short term wedge.

YC_Analeasys

Price is trading within a long-term wedge and should be on its way to the bottom side. Currently in a downtrend, is retraced upwards to the 50% fib level of the latest drop and looks to be resuming its bearish movement. After the close below the box, I waited for a retest of the 1.46446 support level.

YC_Analeasys

Price jumped o/s the ascending channel due to positive news. Price seems to have retested 1.34400 and is on its way back up. I will wait for the 4H close to jump Long targeting 1.38528.

YC_Analeasys

Price reached the top of the wedge and is now ranging between 1.11175 and 1.10253. I think It will drop back down and I will enter once the candle closes below support.

YC_Analeasys

Price broke out of consolidation, found support at mid range and bounced back up to either retest or head back up. I am favoring a drop to the downside for this trade due to multiple technical factors. The first target will be the most recent support zone.

YC_Analeasys

Once again price is struggling to close below 108.800, price has been descending in a channel and a break to the upside will trigger a long position.

YC_Analeasys

The 1 month uptrend channel was broken to the downside, following the drop price moved back up to retest support. I am anticipating a new down trend is about to start so I am waiting to see which candles form next.

YC_Analeasys

Price opened this week above resistance but is dropping back down to resistance. However I am anticipating a continuation to the upside maybe to the top of the channel.

YC_Analeasys

Price closed o/s the ascending wedge, it is approaching a previous support zone so I am anticipating a short retracement before resuming to the upside.

YC_Analeasys

OBSERVATION: Entered long after price closed above the wedge, currently a long daily candle formed and closed above resistance and is heading for the next resistance zone. I will be adding onto this trade as I am anticipating that it will fly past my TP.

YC_Analeasys

OBSERVATION: Since September 2016 price has been ranging within a wedge. The 1D view is showing that price has closed below the bottom trendline and bounced back up to a resistance zone and closed below it. All EMAs are bearish and the 20 is about to cross over the 50. We could see the start of a downtrend so I will be entering short targeting first 131.650.

YC_Analeasys

Price closed above the channel and is currently retesting. A close above this level will trigger a long entry to the upside, targeting 1.300s.