Price is currently respecting the trendline and was pushed back towards support, very little movement so will wait for a break and retest of this structure before buy to the top of its range
May place a second long trade as price is looking very bullish
1.77000 was a key monthly level, and also a lovely round number so i had an order set here and the bears pushed price down to this level perfectly before bulls took over pushing price up 700 pips! My target zone is 1.88000 as you can see on the chart, again this is just another key level at a lovely round number.
Who said trading has to be hard? That's rite the...
Price broke through support only to retrace back to it and is testing the 50.0 Fibo level
There is a lot of divergence on the lower timeframes confirming a possible change in trend, I suspect that price will consolidate for a bit only to bounce off towards the next level of resistance
Based on previous price action and divergence I can see that price will drop down to a previous level of support before shooting up
I am currently in the sell and will update when price reaches support
id like to see price retest the Weekly uptrend around 1.95. if respected with bullish rejection, followed by engulfing candle, i expect this pair to continue to the upside to create a higher high.
100D EMA asking as support on weekly trend line too
if pair breaks trend line, retests and rejects - Trade invalid.
GA LONG - this is a long term prediction. A big trade which you should only use a small slot size for and sit in this for at least 6 months maybe longer, look for rejection of the ascending trend line plus fib levels.
1200 PIP GAIN 6/1 RR