it is currently retracing to point 0.382 fib level to complete head and shoulder on the d1 chart before making a very long impulsive sell downward
waiting for the price to break the symmetrical triangle
the price will be rejected at 0.7 on the fib level and will continue its long position to continue its uptrend
it broke the resistance placed at the top finding its way all the way to the top....
all signal telling us it is forming a higher high
due to chart pattern, a flag is noticed there and it has higher chance of going long.....but if it doesnt do that, it will go down to test the support down. we will know where the price decides when the market opens.
the chart is showing a buy from the wedge it is forming in order to break upward. we will wait for confirmation before deciding to go for it....
we have the set up already and we go short afterwards.....goodluck
due to that chart pattern formed, we will be going long all day.....
the price is sitting on a trendline ready to break it and make a great fall,,,,,
we thought it would fall forming the head and shoulder pattern but it choose to go another swing. it seem to be back to formation and we go back to strategy,,,
higher chance of a long position by the beginning of next week....
we will be seeing a sharp impulsive wave by the beginning of next week......
the new zealand ended the week with a consolidation at the top of the trend which is looking test the base of the trend line. a short position should be expected to the base of the trend line. it might to be quick and will take a while but it has a higher chance of doing that. after that, we see where the price will choose to go. we are only concerned about the...
this is forming a consolidation at that price area gathering momentum for a sell position. its not going to be a sharp fall but it will take a while while doing that.
gbp is at a consolidation right now and its sitting on a trendline which it is going to break and short till 133.822 which is a strong support. if it cosollidate at that price and breaks that support. we wait for it to retest the support and go even lower.....we will definitely see how that plays out.....always wait for confirmation people.
from analysis, the usdjpy is definitely falling