i reviewed the 4hr, 1hr and 15 min trade charts On all the trade charts i analysed a downward trend However a reversal in the 1 hr chart I did not regard market news in my analysis hence be ready for anything .However i still stand strong that in the start of the asian session next week the price will rise till the zone 109.600 at least.
new support and dip formed creating a buy opportunity
Earlier price had broke out to the upside but a correction seems to be forming to follow the previous bearish trend tp=128.227 sl-130.832 Analysis based on technical observation only
price broke out on the downside and as expected a retest occured.However the correction seems to be forming and a bearish trend will follow tp-145.186 sl-148.617 NB-my analysis does not include fundamental analysis
The currency pair seems to be correcting itself frm the previous break out hence resuming to its bearish trend N.B-My analysis just take into account technical analysis only
4HR -Aheavy bullish trend with small rversal at the highest resistance zone 1hr- a bearish trend till its highest support zone which is corrected 15 min- a bullish trend till when the price ends the 4 hr chart has consistent resistant zone at the price of 1.28799 hence my recommendation of a buy till the price of 1.28799
this is quite a tricky one 4hr- a bearish trend is highly emphasized but a small reversal can be seen 1hr- a bullish trend can be seen from the zone of reversal i couldnt analyse a chart less than 1 hr time frame since a i couldnt exactly see if the bullish trend could be reversed or continuing since the price end pushing beyond the new support zone recommend-in...