Been watching this for some time looking for a bounce. Bounce came two days ago. Now that it has closed above the 21 and 50 EMA I believe it is changing directions. Predicting a long up to 1.29 if this new trend is establsihed. May go above the 1.29 but it has broken down at that point before so to be safe could take most profits at that point (or stop loss if it...
This chart explains what the plan is for this pair. Nothing is happening yet but I am watching to see if there is a trend change. I am looking to find the end of the trend. The reason there is circles around entry and stop loss areas because this all depends on the trader how aggressive they want to be in entry or in exit. I won't know exactly what price to enter...
If engulfing candle goes through it would be a good long BUT I don't see it as a big enough pull back. There was a good pull back earlier that would have been a good entry after the hammer. But now I also see resistance hitting soon. I would wait to see if it breaks this resistance level before going long, or it might get pushed back. I would wait on this to see.
This is trading above the 50EMA and has retraced back to 20EMA. I would go long here.
I would say still a good short. Still in a downtrend, Has potential to go to 1.05. I feel for it to be long would have to break above the line mentioned in the graph. Also 10EMA still below 25 EMA. I would go short in the evening as it looks like today it would run.
On an uptrend and above 50 EMA on daily. Also broke resistance. Good fro along to 60 but will be choppy on the way up. Wait for a retrace closer to 50 to re-enter
In a downtrend might be good for short BUT has to retrace, also hitting support right now. I would just wait for a few days on this one to show direction.
In an uptrend would go long on a retrace. (I entered this long last night before the pop)
On a downtrend but I would wait for retrace to 20 EMA before entering short.
In a daily uptrend but would wait for a retrace before going long.
Fell below the 50 EMA and no retraced back to 20 EMA. good entry fro short on the daily
in a down trend but I would wait for a bigger bounce back to the 20 EMA (red line before going short
uncertain about this one as i believe it is moving sideways. and the 3 EMAs are too close. Would wait for either break up or continuation down.
Would go long on this pair with a target of 1.78. above EMA 50 and in a nice early uptrend.
In an uptrend on the daily, would go long for first target of 147.5000 then to 150.000