jeremyankamah161

jeremyankamah161

After creating a series of higher highs and higher lows, we are looking for a possible retracement to 1.41400 and then melting down to 1.40000, possibly. A good confirmation is price breaking through 1.41000 with a strong bearish signal. Overall, 1.4000 is the target.

jeremyankamah161

After this huge inpulse to the downside, price is trying to recover by ranging (correction), I will be looking for a break from that range with a nice bearish momentum for sells to about 1.92000. Price could possibly retest to 1.94500 and then head downwards to 1.92000.

jeremyankamah161

A downward channel is very evident on this chart, constantly creating Lower highs and lower lows. At this point, we have been ranging in price @ 1.70250 and 1.71500. Looking for a breakout and a retest on the 1.71500 to the upside for possibly a 120 pip move on this pair.Worse case scenario, the breakout can happen towards the downside, in that case we can look...

jeremyankamah161

Scenario 1: So with GU, we currently know that it is in a downward trend, so what I am looking for is a retracement back to the golden zone which will satisfy the fib levels, also giving us the head and shoulder pattern having us go for shorts. Scenerio 2: Price can also straight ahead reject at 1.37800, and we can go for shorts. But scenerio one looks more valid,...