Leave a like if my chart helped you out :), info is all in the chart, good luck.
All info in the chart, leave a like if it helped.
Updated view of this pair using my new strategy. Info is all on the chart, leave a like if it helps.
Just my thoughts, I'm around 80% committed to a bullish move, I'm just waiting for the right confirmations and an entry position. I used to hate JPY pairs but I've grown to love them on the higher time frames. :)
I'm looking for a buy with this pair, what are your thoughts?
At the minute I'm very much in the middle, I'm personally leaning more towards a short to the recent daily and weekly support due to the strength of the rally/ rising wedge, we've also got a doji/ pin drop candle forming on today's daily chart.
We're coming to the end of the falling wedge and it diverges quite well with 2017's support and the upwards trend line.
Price is in a downwards channel and has slipped under old support, it has tried to pass this area (111.687) twice now and has failed to do so. This could be a very nice short opportunity. Entry - 110.870 TP 1 - 110.460 TP 2 - 109.762 TP 3 - 109.292 TP 4 (Target) - 108.739
Silver has been in a pretty strong downtrend for a fairly long time now and I think we're approaching a prime location for a reversal.
I'm looking for a buy on this pair, break and close above the downtrend trend line and 1.78915 along with the right indicators will validate a buy for me.
Watch these next few candlesticks closely (4HR) there could be one more drop in this pair left, the target would be the 1204.89 region.
3 possibilities in my book are, the price will either fall into the 40.15, retest and break 57.18 or retest 57.18, fail and range between that and 50.75. The FX market is unpredictable so anything can happen, this is just what I think are the possibilities. I'm learning more towards a bearish move.
EUR/GBP is in a descending triangle and is about 70% through, i'm personally looking for a short position but the latter is also possible. Break and close below suport at 0.83313, will validate a sell for me, whilst a break and close above the downtrend line and weekly resistance at 0.85312 will validate a buy.
Watch for a price bounce at 61.8% Fib, 0.73291 or the upwards trend line.
If price doesn't break the downtrend line watch for a short opportunity within this smaller rising wedge
I decided to re-do my analysis for this pair and here's what I've come up with for the time being. From the pairs big downfall price has been trying to get above the 0.79890 zone time and time again and has not succeeded once which has resulted in very strong bearish pin drops on the weekly chart. This paired with the ascending channel that has been in formation...
EUR/USD has been extremely bullish and has not only managed to break the ascending wedge but it has also broken through the monthly resistance at 1.09554, there's one more barrier that awaits the EUR and that's the downtrend line dating back to May 2016. If it breaks this trend line closes and finds support in the 1.09554 zone then we are clear to go long. My...
Price is in an overall downtrend and that trend line has been respected many times, over the years. I'm very much neutral on the larger scale for this pair due to the short-term uptrend meeting with the downtrend line has occurred many times over in the past and has been met with rejections. This could be the bullish break we've been waiting for but I'm very much...