elvincarigma

elvincarigma

Since the price respected the area 1.2394 and stochastics showed that the price is oversold, gives us the probability that the price will move up. Buy when the candles cross the price 1.2415 with TP1 @n 1.2458 and TP2 @ 1.2491or wait for the signal until the market is over bough or the signals cross over in stochastics.

elvincarigma

I have a bearish bias with the market since the price is below MA and stochastics has not reached 20%. The bullish candle might a pullback. Entry would be below 1.2291 when the price bounce back since it holds the price as a strong resistance level. TP1 @ 1.2218, TP 2 @ 1.2099 when the price breaks the trendline. We can buy when the price breaks the trendline...

elvincarigma

After the bearish move of the market last Friday, I am looking at a possible price correction @ 1.3838 to retest the W1 support before bouncing up. However, if it breaks the support level @1.3827, it will be a confirmation of a bearish move. TP 1@ 1.3772, TP 2 1.3715

elvincarigma

The market might pull back a little bit this week for correction after a bullish rally last week since there has been price rejection @ 1.5432. Sell when the price rejects the trendline and enters back the price area @ 1.5406 with TP 1 @ 1.5347 and TP 2 1.5310. Buy When the price breaks the trendline, crossing over MA 200 and entering the price @ 1.5518.

elvincarigma

I have a short bias about the market since there has been a confluence of rejections from the trendline and D1 resistance at 1.2076. TP1 is MA 55 @ 1.1968. If the candle won't bounce in that area, there is a possibility that it will reach the TP2 @ 1.1909.

elvincarigma

Since the candle is below MA 8, my bias is bearish on the market. Wait for the price to bounce at the trendline 1.1777 and Sell when the price enters 1.1764 with TP @ 1.1726.

elvincarigma

Buy when the price enters 1.1933, breaking the trendline to confirm bullish bias. There's a possibility that the price might bounce at 1.2076 since there was a rejection at the same price in September. Sell when the 1.1850 breaking the trendline and the price moving below MA 8 to confirm bearish bias.

elvincarigma Updated 

But when the price moves above 1.3222. I am looking at a bullish bias since the candle is above MA 8 and it is also above MA 200

elvincarigma

The price respected the resistance level at 1.3227 and bounced back. Since the candle is above MA 8, I have a strong buy bias about the market. Buy when the price respected support level 1.3176. When the price breaks the trend line at 1.3227, it is a confirmation that the price might reach the TP 2.

elvincarigma

The price respected the resistance level at 1.3227 and bounced back. Since the candle is above MA 8, I have a strong buy bias about the market. Buy when the price respected support level 1.3176. When the price breaks the trend line at 1.3227, it is a confirmation that the price might reach the TP 2.

elvincarigma

Rejection at 1.3047 (D1 support level), bouncing at trendline confirming a good buy signal. However, the candle is still under MA 8, wait for the the price to break the trendline for sell entry.