While the price is below the resistance 1.1500, beginning of downtrend is expected.
We make sure when the support at 1.1320 breaks.
If the resistance at 1.1500 is broken, the short-term forecast -beginning of downtrend- will be invalid.
A peak is formed in daily chart at 1.1475 on 04/23/2019, so more losses to support(s)...
Simple long position taken on EURUSD based on previous support. Lots of demand at this level and weekly Fib 0.618 sits here.
Stop Loss around 45 pips away to avoid any spikes. Targeting previous highs.
Break or bounce? As you can see we have a strong support zone that has been used many times before where candles have entered this zone and then bounced, now we are looking for more of the same again as price is currently in this zone, so a bounce and bullish movement.
The only thing to be wary about with this bounce is all the bearish movement going down into...
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As shown in the chart, the pair has reached a linear level which had been used as a strong resistance several times before.
There is further confluence when considering the fact that the market is at the 0.786 fibonacci level
Possible long position available for NZDUSD. I have been away for. a while but as soon as I jumped on a couple of days ago, I had already predicted and drawn that parallel channel before the last 3 daily candles came out. We can see a strong push to a strong support zone which could indicate that a reversal will be occurring. I have set a tiny stop loss of 17 pips...
I'm waiting for a fractal impulse wave in the exchange rate. The development of the same size as the previous fractal helps to build. This is shown as a percentage in the figure. We use the percentage measurement because the vertical scale is in linear mode. This is a basic rule. The pulse wave target price is 0.8786 usd.
Extremely bullish here & been waiting for months for this opportunity to buy down here.
Bought at 30.4p & will buy more if I get an opp at 29p-30p
Bullish divergence on RSI.
Resistance becomes support in most plays even if it takes a few weeks/months.
44.2p - 57p next resistance. Longer term will be more as this is a revenue growth making company.