throughout from the 3rd and 4th quarter, the pair has respected the parallel channel. The pair has traded within, rejecting breakouts from the support line,we expect another rejection on the support with a false breakout. Our expected entry will be around 1.259 - 1.256, remember we take entry once we have seen multiple rejections on smaller time frames....
The market changes direction under the influence of news events, buy positions will be valid if the 0.7100 level holds.
Although it seemed like this coin was about to stop moving and die over the past few days, This coin is finally about to head back up to the 190 target previously posted by others. Lets watch the upcoming volume - Coronavirus could change things but so far position on this trade looks perfect Perfect position - Good luck stop loss -Close weekly below 19 target- ...
IN CADJPY WE SEE ON THE WEEKLY THAT WE HAVE BROKEN A BEARISH CHANNEL AND NOW PRICE IS MAKING HIGHER HIGHS AND ON THE DAILY PREVIOUS CANDLE CLOSE WE SEE A SELLERS TRIES TO PUSH BUT REJECTED HEAVILY AS PRICE RESPECT THAT MINOR SUPPORT LEVEL AND THE DAILY BULLISH TREND LINE HOW EVER WE SEE A CANDLE WICK REFILL WITH A LITTLE SIGNS OF REJECTION TILL THIS MEANS I'D HAVE...
A FEW THINGS I SEE WITHIN THIS PAIR IS WE CAN ALL SEE A DOUBLE BOTTOM AND MAJOR REJECTION WICK FROM SUPPORT AND DAILY BULLISH TREND LINE ALSO WE JUST BROKE BACK IN THE SUPPLY ZONE IN THE WEEKLY BEFORE ENTERING AWAITING A FEW COMFIRMATIONS SUCH AS MAYBE ANOTHER DAILY BULLISH MOVE AS YOU LOOK ON THE 4H PRICE HAS CREATED A HAMMER FORMATINOW ALL WE NEED TO DO IS...
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price was below my all time zone and is climbing back into my descending channel , once back longterm we might be looking at buys. strong candles and buying momentum currently
Time: Daily Pair: GBP/CHF Position: BUY Note: -Just got to know about Harmonics.