THIS CHART IS FOR A GUIDELINE FOR THE NEXT COMING MONTHS. I WILL BE LOOKING AT KEY FUNDAMENTALS OVER THE NEXT FEW MONTHS TO ALSO HELP MY JUDGEMENT FOR THIS PAIR. CURRENT GLOABL AFFAIRS I AM LOOKING AT ARE; US TRADE TALKS WITH CHINA, US TARIFS WITH MEXICO, WAR TENSIONS WITH IRAN. OIL SUPPLY AND THEIR I WILL BE LOOKING AT THE NEXT INTEREST RATE DECISION CURRENTLY...
Falling wedge trade with tp: 1.71499. I see a longer term trend on the hour chart which suggests the opportunity for the pair to fall even more, I will post this is the signals group.
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We are at a support level represented by the orange bar, once it has broken we should see a move down to S2 at 122.305 with further support at 122.145. Hence the short position is profitiable, be wary as the news may cause fluctuations.
We look to sell within the band of 1.34961 and 1.35159. We recently had a buy signal from 1.34139 so congratulations to our telegram followers who followed that, but we now look for a change to the opposite direction as RSI reaches 70 and resistance started to hit. Please wait until verified movement in the opposite direction.