This pair is will drop hard. For short term this is reasonable. 1:1 ratio Strong Support which can be strong resistance.
4 reasons why I took this short! All listed in the chart SL Entry TP all listed in chart aswell
Entry 132.250 Retracement .382 plus major resistance shown in the yellow circle
Twice it occurs now First box of consiladation (EMA + SMA) crossed breaking huge weekly consildation for bullish. Now we see the same thing happening. (EMA + SMA) crossing before trendline break. It broke. Now were looking for Bullish to 79.200
Rejected nicely from FIB 78.60 As you can see in the yellow circle, sma and ema have both crossed before trendline warning potential break, If a candle closes over trendline we will be bullish to next level which should be arround 115.500. In situations like these, looking at the H4 timeframe with lines crossing usually indicates a break. Lets go long
2:1 Ratio TP 72.000 (100 Pips) SL 73.500 (50 Pips) Entry at : 73.000
The Bears are taking over TP down to .91000 Longterm Goodlucj
ENTRY SL AND TP ALL SHOWN IN GRAPH GOODLUCK
If XAUUSD was bullish we would have had a candle close above 1216. We see here with pullback Fibo retracement rexjected 4x at 12.15-1216 zone. This should be still Bearish retesting 1196.00 TP1: 1208.50 TP 2: 1196.00
Fibanocci retracement at .618. Personal Entry 1208.00 Tp 1243.00 Sl 1192:00 Daily Resistance where circles are illustrated have been a major resistance now lets see if it will react as a support. Lets go BULL team
Tp / Sl and Entry all listed in graph. Goodluck
Even after Marijuana producer says there was no deal with Coca-Cola, price still remained stable and did a breakout! Next target 15$?
TP / ENTRY / SL all shown in graph. Goodluck
Trendline support. Once it reaches purple area go long. USDJPY potential to go higher. TP/SL/Entry all shown in chart