My view on the upcoming week trading idea.
1. On Daily chart, we can see that price have already move from the highest price to lowest at around 300 ticks of movement where we can label and classify the movement as the first wave of movement. The move is very strong as I see that had end the long bullish movement before this, this, supported with the break of the...
As market is still in bearish bias, price is testing the support level of 29.20. Downward movement is still expected for price to test the next support level.
- the daily TF candle has already broke the resistance
- in H4 TF, price make a small retracement to the resistance become support zone and went up to confirm the bullish breakout
- I am targetting the price to go around the next resistance zone @ .9900
TAYOR
- price is making a lower low in a descending channel
- believe that this is a falling wedge pattern
- target to buy if price start to break the resistance and the channel trend
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- price has rejected the trendlines and has comeback to retest it. I'm projecting that price will reject the trendline again as the price looked like it wanted to go down
- I'm targetting that the upper major trendline will be break during this week.
- RRR to short this pair is quite good for the time being.
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- price is increasing previously until it touches the trendline
- however, it looks like price have difficulties to break the trendline even after second retest
- price has go down after retesting the trendline resistance
- if price managed to break the support trendline, I'm projecting that price will make a 100 pips dive down
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- price had retest the support or numerous time. Looks like price didn't managed to break the support zone
- I'm projecting that price will bounce upwards to the upper trendline 1 (UT1)
- from there, if bullish movements are strong enough and break the trendline, I'm projecting a 600 pips price movement
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- price had already break the descending trendline last week and currently is moving respecting the ascending trendline
- I'm projecting that price will climb until the 200 SMA line and the other upper trendline which in another means will make around 280 pips movement
DM me if you are interested to learn on how to trade. I will help you to understand the basic...
- price has come back to test the support. Though this support level had been tested for quite numbers of time, yet price still try to test it again
- if price managed to break this support zone, I'm projecting that price will further dive to 0.8870 level
- for previous data, price only managed to go to the next support level during July 2010. Thus, I'm more bias...
- price is climbing up from the lower trendline
- I'm projecting that price will go up to 1.6500 level ;around 400 pips
- however, there are 2 resistance level that need to be aware
- if price broke those two zones, easily the 1.6500 level can be achieve
- price for this pair is moving to the upper trendline
- The trendline act as a resistance as well
- as the trendline is kind a strong resistance, I'm projecting that price will bounce back to the lower trendline
- it is a short opportunity
- however, please be aware that there is another trendline resistance at 0.9200 level
- price need to climb another 200 pips...
- Price is sitting on the very strong support level.
- If price able to break this support level, I am projecting that the price will dive further down.
- However, looking at the historical price level, looks like it will bounce and shift the trend.
- In daily timeframe, price had formed doji bars for 3 consecutive days. A strong movement is expected next week.
- Zooming in a shorter timeframe, price is ranging in a 40 pips range, rejecting the support zone for 6 times.
- If the price managed to break the support, i'm projecting it to go down to 1.1260 level
- If the price managed to break the upper...
- Price is rejecting the support zone and hitting a low which only been touched/tested on the 2nd of February 2019.
- The bar formed by the price looks like a signal of a trend reversal
- If the price didn't manage to break the support zone, I'm projecting the price will go up to R3 level.
- But if it managed to break the support zone, it may went down until...
- price had tested the support for several times. S1 can be classified as a strong support level. The price is ranging between the support and resistance zone for 3 days. Huge movement is expected next week.
- If the price manage to break the support zone, it may reach 1.2600 level.
- However, if price managed to break the trendline and resistance level, I'm...
