fx_analyst7

fx_analyst7

> touched down trendline. > T1 is very likely to achieve. > RIsk/reward= 4.6

fx_analyst7

> the price has again come to an important level where it was allowed to breakthrough. >It is inside a bracket, if it goes above that level, there is still a chance where it comes down as there is an unfilled gap. >if the price breaks that bracket it will go down to fill the gap atleast.

fx_analyst7

> 5th stage of gartley formation is the last 38.6% retracement. > The previous shorts are likely to clear cover their positions so short covering is also likely to happen. > risk=10pips >reward=30pips

fx_analyst7 Updated 

>Clearing long positions on the resistance level. > NEW SHORTS likely to enter

fx_analyst7

>at price 1.1069, we can clearly observe a support zone. >longs have entered back on that level and seem still strong to drive the price up. > the price 1.1110 is a good target to lose some positions and if bulls are really strong it can even further the price.

fx_analyst7

> previous top > Long positions are being cleared and new shorts are entering. > if the SL hits, it may also be a faking move to clear out SLs, so beware of that and also re-enter this setup if Sl gets hit and the price comes down again.

fx_analyst7

> The price has touched the downtrend line and the BEARS have finally entered at the position where BULLS have cleared their position.

fx_analyst7

> the price breached out of the smaller uptrend and it is following its major downtrend.

fx_analyst7

>The shorts are very active and the long term setup is bearish, this could be the second entering point for the move.

fx_analyst7

>The price was around 50 MA and couldn't go up indicating the bears are still active. > moreover the price will get down by new shorts. > the 1st target is 78.6 retracement of major move. > 2nd target can be the 100% retracement which is also likely to happen.

fx_analyst7 Updated 

> DownTrend >50-MA resistance and resistance of downtrend line. Target seems to be the major upper trendline about 0.6800

fx_analyst7 Updated 

>Bulls broke the downtrend line and the price broke above the S/R box which indicates the price has more up to go, yet. > SL is the length of the candle because if now it comes back down then this setup is wrong.

fx_analyst7

> Touching the upper resistance level and also upper down sloping trend line. > bulls will clear and bears will short further down.

fx_analyst7

> There were a lot of buyers, which took this price at this level. > Now the buyers need to clear their profits by handling them to buyers at this position and shorting the market back to its original trend.

fx_analyst7 Updated 

> Currently EU is sold out of its previously bought long positions by big institutions(BIGGIES). > After clearly of positions it might get bought to touched the down trend line above. > From there it will fall again. > If this is not the case and price reverses, then SELLING is suitable because that will drive the price further down, because of NEW SHORT positions.

fx_analyst7 Updated 

> the price just touched the upper line of down slopping channel. >the price is likely to fall and is in favors of bears for the time being.

fx_analyst7 Updated 

> Unloading of all shorts. > Shorting might take place.

fx_analyst7 Updated 

> A little late to post it but the move has already begun. > CLearing of previous positions and new longs