After witnessing a break through on the daily/weekly bullish flag pattern we only seek to look for buy opportunities.
The break out of the bigger picture time frame was followed by a lower time frame retracement in the form of a bullish flag pattern.
Entry taken upon the third touch confirmation within the bullish flag pattern followed by a 4hr bullish engulfing...
I see a movement up to TP1 at 0.92632 with a possible TP2 at 0.92966
*Risky Trade as the underlying movement is short*
Thanks to everyone who has followed my previous signals almost everyone has been positive.
Previous month candle closed positive. Price has tried to close below the 1.15000 level the previous 3 weeks in a row and has been unsuccessful every time. The day candle by the close of Friday has engulfed the previous day. Looking for a pullback to the 1.14725 area before entering long.
Previous month closed positive. Price has now returned to the key support level of 1.15000 and although the week closed negative last week price was still unable to close convincingly below this key level. The close of the day candle bullish is possibly an early sign of reversal. Looking for price to hold this level before getting long with a target of...
Price closed below week support level of 1.17150 after a strong rejection off key day resistance at the 1.18350 area. Momentum expected to retest Month Support at the 1.15500 level before looking for long opportunity.
Downtrend has hit key Month Support at the 1.15550 level. Looking for a close above the level before looking for long opportunity back up to the weekly resistance level of 1.17150.