Fundamentally, the macro analyst I follow sees this pair going through the roof. His accuracy is over 90%.
Trading this pair is now a matter of trend following. If there wouldn't be fundamental reasoning, I wouldn't even look at a chart like this. I don't think that more than 1% of people who speculate on this pair make money. The moves are more chaotic than the...
There are a few factors I'm watching here:
A. The 23.6% Fib support at 6.43792, which coincides with
B. TL support, which also happens to be
C. A key piece of the Gartley being formed
Price is nearing the apex of the triangle its currently trading in, and risk for longs is clearly defined at these levels: below that trendline on a daily close, and price could...
This is not a trade idea as no strong trend but an example to new traders of how to use MACD divergence. In the circles you can see the price makes lower lows as does the histogram. When the histogram makes significant humps like that you should expect another move in that direction after price goes back to the zero line. In the third circle you can see price...
