I marked morning start pattern on the weekly chart. Pair couldn't go down below 0.00000010 for last 18 days. We have seen huge spike of price during this week. It seems to me that it is just a begging of the new trend and price in future will touch 0.00000100 mark. I wouldn't put big money on it no more than 5% percent. I think that TP area is pretty safe...
Further downside likely: Price is fading and losing momentum on the higher lows these last two days. Support at 2345 looks stressed. 2360 is key resistance and is establishing a downward trend - definitely watch how price behaves on a rally 2353. Key notes on the chart.
Go long on this very good bullish reversal candlestick pattern with confirming price action at a support area. This is the turning point for EURCHF. Get ready for a big move up. Stop goes underneath the doji candlestick OR the brexit low.
FX:AUDUSD In this trade we can see a nice preceding bullish trend heading towards an area of resistance, next we see a nice pin bar candlestick which tells us that the bullish power might be transitioning to the bears. Confirmation is needed for me, so i executed a breakout entry below the low of the pin bar candlestick or also called Indecision...
What to expect before Major Session kicks in (Session start) This is probably the most common type of trading - "Start session breakout" But, as you can see, what also is very common - whipsaws are so common, and due to lack of money management, the beginning of the session can be very disturbing, and it also can be the end of trading for a current day or even...
A divergence this morning on the short term chart (around 1.0765-70 might give a nice entry to a #long in $eurusd for a second phase of a squeeze targetting between 1.0850 and 1.09 (depending on the speed of the move. On the longer term charts it looks like a good #distribution area and a bounce to there would not damage the #medium #term #bearish move currently...
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