the markets definitely has played some tricks in the last couple days but ive called this move from about a week or 2 ago
we can potentially see a break past this high
or a nice REVERSAL
im learning through my very experiences that MOST of my calculations are astonishingly RIGHT
the markets is a roller coaster
and is VERY CALCULATED and mosts where ever HOWEVER AT WILL
but the FIRST Target HAS BEEN HIT
MY POSITION REMAINS NEUTRAL UNTIL all 3 TARGETS ARE HIT
it surprises how simple the markets are.. but as we all know ANYTHING can happen and we can see unbelievable moves unfold in front of our eyes within seconds and minutes.
the rise i predicted happened after a few bounces near support
i see we still have a potential for another uptrend
but at this point the market looks like its exhausted and ready for a...
i have my sights set on this CHANNEL RESISTANCE as we are currently seeing some bearish movement
this small candles look like we can have a profit release to the upside before any drastic FALLS
im calling LONG around these key levels as we see the dotted green line indicates areas NEAR a DEMAND ZONE
lets see how it goes
as stated yesterday i expected a long at the demand zone which was exactly that
im anticipating a SHORT at the channel resistance that may actually take us all the way down and then back up again
lets see how this goes
as traders we must see and anticipate the markets going both directions
so i have small analysis for both sides expecting a potential uptrend
as we are at the demand zones that ive marked previously from last week
if we break down any further we can see these demand zones turn to potential resistance(supply) zones
my analysis on my other charts from my mobile...
im anticipating a fall to the bottom of this channel you see on my chart
as the INITIAL PROFIT LEVEL # 1 i highlighted days ago has been hit
we can STIL SEE A RISE to the other 2 PROFIT LEVELS to finish everything off
but im going with a fall to the bottom of the channel
stop losses set above the initial high and pending orders with take profits set at the...
GAGE your entry im feeling like this is the time for the NEXT UPTREND
look for a nice ENTRY place stops when in profit and let that shit ride until the next fall
i have 3 targets set beyond the CHANNEL top
my instincts and intuition always tell me something
as the weekly chart is still in an uptrend things are kind of looky tricky for this pair
especially before DONALD trump takes office friday
im thinking a stab below to a support level or to the previous channel that was broken
careful of HIGH IMPACT news RELEASE AT 430AM on the GBP
we wil see how things go
127.2 extension from drive 1 to Correction A. Second Drive and Point B may also reach the 127.2 extension zone. Looking to short this back down to .75352-.75166
Price has broken past the previous structured demand zone at 38.2% Fibb levels. My previous analysis on EURUSD had a potential to go long at that current price 1.1080. BUT as I mentioned if it was to FAIL it would had to break the zone with a big candle. Price did exactly that and hit its next target level for reversal on 61.8% PRZ Fibb level. Price now remains in...
Demand Zone is heavily respected with structured support off the 38.2% Fibb. Also a double bottom confirmation with divergence.
NOBODY should be shorting this pair as of now if you are keep in mind you might be against the trend.
Trading is 90% Mental and 10% Technical. Traders must work on patience and believe in your own analysis.
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Price dropped pass support on the 38.2% Fibb making it a new found resistance. Price still remains inside a structured demand zone sitting on support. My bias on this pair is still long unless the demand zone is fully breached and becomes a solid supply zone. Also RSI shows Divergence indicating a possible bullish setup with a trend line assisting it for...
