siphesihle09

siphesihle09 Updated 

I'm currently on a BUY position on this pair , the EURGBP, as it is trading on a range and retesting a strong support on 1M timeframe, which i marked GREEN. It is also retesting a TRENDLINE SUPPORT, a SUPPORT TURNED INTO RESISTANCE and also a RESISTANCE TRENDLINE. I hope it turns good. What are you guys thinking?

siphesihle09

Personally I believe the pair will continue bullish for a while as the overall direction is bullish with good momentum and it recently retested a previous resistance turning it into support, the rally was disturbed by the previous week U.S CPI but it seems to be going back to its initial direction. Evidently, it's on a strong zone at the moment but the bulls are...

siphesihle09

I might buy if theres more bullish momentum and take my profits on the previous resistance level. And I see an inverse head and shoulders forming. I'll buy after it's completion.

siphesihle09

I'm thinking of BUYING on the GBPJPY if it breaks the RESISTANCE TRENDLINE and retests it on a smaller timeframe or if it respects the TRENDLINE and give a good bearing signal I'll consider selling.

siphesihle09

I'm thinking the eurusd has a good chance of going up as it is on a resistance turned support on a W1 timeframe but it's still going bearish , it broke out support on 1D timeframe BUT also remember that it's been on a range for the past few days. What are you guys thinking?

siphesihle09

Might hold on the support. The support has been tested before and it might hold as the market approaches it.

siphesihle09

The upward trendline might be broken and the market might rally downwards to the highlighted zone. And also the trendline might hold and the market might rally upward to the highlighted zone , buy aggressively when the small downward trendline ( BLACK ) is broken by a high momentum bullish candlestick.

siphesihle09

A possible buy on the resistance turned support, support being tested for the second time.

siphesihle09

Nothing big or complicated just trendline trading.

siphesihle09

An upward trendline was broken and retested giving us a sell signal , and also look at the black trendline acting as a resistance you can see it's being obeyed giving us a high probability sell

siphesihle09

A strong resistance was broken and a retest is still in process there is a possibility of a good buy on the 0.69515 , where the resistance will turn into support.

siphesihle09

The trendline was broken and it's still on the retest process. Wait for the bearish candle closing below 0.89020 and sell!!!

siphesihle09

A bearish trendline was broken and retested , also a resistance (0.8996) was broken and retested on the same area giving us a confluence, and also the there are two LOWER HIGHS that were broken and retested too.

siphesihle09

Buy at support ( bullish trendline )