theTrendtradr

theTrendtradr Updated 

After a short breakout has failed on the higher timeframes in Sep 2015, an immediate reversal occured and this FX pair went all the way from 0,92 to 1,02. Ever since it hit that high it retraced, but never went as low as the previous low in Sep 2015. A possible trend continuation could follow if the indicated fractal buy signal is hit. It would mean the break of...

theTrendtradr

Enlarge Chart for further Comments

theTrendtradr

After the weekly showed divergence on the uptrend from Jul 2014 to Jan 2016, prices dropped rapidly through the balance zone and have been trading below it for the last couple of weeks. On the daily this action unfolded in a tradable downtrend that now shows divergence. Prices are appraoching a support level on the weekly chart. This current movement is obviously...

theTrendtradr

After the weekly showed divergence on the uptrend from Jul 2014 to Jan 2016, prices dropped rapidly through the balance zone and have been trading below it for the last couple of weeks. On the daily this action unfolded in a tradable downtrend that now shows divergence. Prices are appraoching a support level on the weekly chart. This current movement is obviously...

theTrendtradr

UP Fractal = Resistance, buy on breakout DOWN Fractal = Support, sell on breakout If Trend gets going, hold on to position until price closes above/below purple line. Watch for divergences in Momentum indicator vs. price. Watch for major and minor corrections that could indicate a new entry point or a slowing price. After a trend is done, prices will always...

theTrendtradr Updated 

As indicated, this pair is closing out the week at its low, looking like it is very bearish. For the coming days and maybe even weeks this may be true, but a divergence on the daily chart is forming already. New lows can be expected, but because not a lot of steam is left (indicated by Momentum Oscillator), you probably won't see a rapid down move following next...