Hand of cup and handle about to form...analysis coming to light
Strong support from 23.6% fib level. Falling wedge after uptrend breeds more upmove
Looking at the weekly chart we recognize that price is at the support level. Weekly resistance stands at firstly 119.749 and a second at 120.476. The last candle on the weekly chart shows that sellers tried to send price down but for some reason buyers were in control to past its last low. The trendline holds strong and price will rise and retest. The daily chart...
I. Downtrend channel approaching support zone to push n breakout into uptrend. Watching trend lines closely
We have identified the uptrend and a rounded retracement (CUP). The strategy applied says the strength and longevity of the prevailing trend will determine the success of trade. We have identified the handle of the cup. First buy entry on the handle breakout, the upper line (resistance) that define the handle structure is our trigger line of first buy. 2nd entry...
The bears clearly outweigh the bulls in the daily chart. Currently seeing prices moving in channel towards the trend line where it is expected to do a pullback and continue falling. If interested in the upward movement towards trend line, take profit at 1.27013 with stop loss at 1.20388 (minimum risk) if interested in downward trend wait until price hits the...
Market still in channel affter downward trend began in 2017. Channel : 114.702-105.029 Price has been rising since Aug 23 where it bounced of support zone. Watching for a pullback as it approaches the daily resistance zone in the area of 108.858 where it may continue its downward trend towards the resistance once more for a retest/breakout in the coming week.
Will finish wave upward before a small pullback onto support line then upward trend begins
At 1.09404... common support zone Looking to finish the wave and go upward to first TP 1.10221 SL 1.09070 Falling wedge after an upmove - look for price to break and continue upward
Currently in the downward trend channel. Looking to make its upward reversal after the falling wedge formed in this downtrend. Hit common support zone and began to rise for the past couple days