TENDENCY FOR an UP MOVE. HOWEVER It Might TREND DOWN Short TERM 1st To Touch Support Line 1.3680 Thereabout ! POSSIBLE SCENARIOs : A: Break Lower WEDGE Line and TREND to Support at 1.36882 1- WEEKLY S/R (See WEEKLY Chart-WEDGE Formed) - 2- TREND Line since 03/2017 3-WEDGE Form. a) OBSERVE H4/H1 for Fine ENTRY ! b) POSSIBLE Down Trend from here to...
YOUR as GOOD as Your NEXT TRADE :) 1- WEEKLY S/R Zone 2. TREND Line for since 09/ 2012 - TREND Line BROKE in Feb 2018 See DAILY Chart : 3- DOWN CHANNEL in Daily Chart ! - SO POSSIBLE BREAK UP ..IF 4- BIG Signal BAR BREAKS Channel and CROSS 107.085 zone 5-PROFIT Near WEEKLY S/R @ 109.235 CHEERS..Be Nimble..Watch H4/H1 to Change Direction as so needed.. :)
Pure Technical Analysis 1-Base on Weekly S/R Lines. 2-Trend Lines 2017 April 17th. 3-Wedge Shape Consolidation forming since March 2nd. 4- Look for a break of this wedge. For ENTRY - Monitor the H4 or H1 for fine entry. 5-Profit at 147.118 with Longer Term Profit possible at 146.411 Cheers
1- WEEKLY S/R 2- TRENDLINE since 2013 Sept 3- CURRENT Wedge Forming 4-ENTRY Likely I would go LONG - LOOK into H4/H1 for Entry NB: Although MONTHLY there is form now (MArch ending) a Pin BAR Technically Should be a Down Days ahead. HOWEVER this could be a ''SET UP" to lure in SHORT SELLER ! ( I could be wrong though) 5- Long 130Pips TP. Market However...
1- WEEKLY S/R 2- TREND LINE Since 2017 3-Jan 2018 to March 2018 CHANNEL Trend in Day Chart 4-ENTRY Via H4/H1 Look for Wedge Uptrend Enter at BREAK TGT 1.24660 approx 100 PIPS