LONG TERM OUTLOOK Clear Long Term UT Still In Play With No Indication Of Trend Weakness PA Above 20, 50 & 200 MA *Preferred Long Term Buy Opportunity Would Be A Retracement To Key 1.95 Monthly Support & Buy The Rejection* DAILY OUTLOOK Head & Shoulders Pattern Formed Indicating Weakness In Daily Up Trend PA Has Broken Bullish Structure Breaking Below TL,...
The Resistance/Support zone could bring us a good set up oportunity.
after some keylevels and a fibo with channel we have multiple confluences to go short. We have even bearish engulfin which is great sign to
channel conf key level conf trendline conf fibo conf
CONF TRENDLINE CONF 61%FIBO WITH OTHER TRENDLINE CONF RES LEVEL
AFTER PERFECT DOWNTREND WE CAN SEE THE FORMATION OF LITTLE DOJOS .THIS USUALY IS A HUGE REVERSAL SIGNAL. CONFLUENCES 1 DOJOS ACT AS RES LEVEL. ANOTHER RES LEVEL WHICH IS ON THE 50 PERCENT OF FIBO RETRACEMENT AS A CONF SIGNAL WE ARE WAITING THE BULLS TO BREAK THE TRENDLINE AND RETEST THE LEVEL AS SUPP.
As you can see I have drawn a few key level lines.I predict this has potential to be a short in upcoming days I belive that if the currentprice can break through the Key support at 135.1863 it will continue to drop to the next key level at 133.1192. Please feel free to leave comments on why i may be right or wrong
Don't really trade this pair but it is at a key level of support here
The concept here is to use the KEY EARNINGS LEVELS as the important beginning and ending for your regression analysis. That way you KNOW the first and last points are extremely important price levels for the stock you are analyzing. Many times people use various, inconsistent methods to determine where to begin and end regressions and it yields unacceptable...
Right now we can see that the price has hit a key support level. I predict this will be the start of a bullish trend.
It seems to me that GBPUSD is gathering energy for the last move down - to reach the big-scale 50% reatrecement at 1.6522. The 1.66 key level has proved to be a strong resistance for the recent price action. Should it fail to hold though, price might get to the median line, thus retracing 61.8% of the recent swing down. But the down trend is very strong. GBPUSD...