Godfather-Pips

Godfather-Pips

Confluences: - Strong bullish trend formed with confirmation of higher highs and higher lows - Dynamic support line has been touched - The Pound showing weakness whilst the Euro is strong on the currency strength meter

Godfather-Pips

Confluences: - Reverse head and shoulders pattern has been fully formed - General downtrend on the monthly timeframe - Expecting a bearish engulfing candle to form to signal the start of a downtrend

Godfather-Pips

Confluences: - On the daily timeframe the current price is retesting a breakout of the downtrend - Reverse head and shoulders may continue following a possible bounce off the 61.8 fib level Personally, I'm staying out but we could potentially see this TP.

Godfather-Pips

Carefully watch the 42k level because prices may reverse in order to form a double top pattern - However, I do believe that this is unlikely but it is something to watch out for

Godfather-Pips

Confluences: - Generally strong support and resistance zone formed - Even on smaller timeframes we see a rejection of price at the Sell Zone - Bearish pressure at the Sell Zone which continues all the way down to the support line

Godfather-Pips

Confluences: - Generally strong support and resistance zone formed - Expecting a push to the 1.375 resistance zone - Once we see a rejection at the 1.375 level we will look to sell at 1.373

Godfather-Pips

Confluences: - Clear uptrend on the across the H1, H4 and D1 timeframe - Reversal at the 0.904 level - Looks to be heading towards the 38.2 retracement level

Godfather-Pips

Confluences: - General support and resistance zone (slight breakout but managed to follow the trend)

Godfather-Pips

Confluences: - Strong support and resistance zone forming - Smaller timeframes showing some wick rejection at the resistance zone - Remember the TREND is your FRIEND until it ENDS!

Godfather-Pips

Confluences: - Strong support and resistance zone - Looking to short with a target at the support line - Lastly, remember the TREND is your FRIEND until it ends!

Godfather-Pips

Confluences: - Dynamic support and resistance zone has been broken - Potential retest then a breakout to around the 106.00 price level

Godfather-Pips

Confluences: - Descending triangle pattern forming suggesting a possible bullish move - Resistance line broken with a retest suggesting a breakout

Godfather-Pips

Confluences: - Double top reversal pattern - Fibonacci retracement zone of 31.8% - Retest of the retracement zone before a bearish move I am bearish on this pair because of the reasons stated above, I do believe that the pair may go way beyond my take profit level so if you do decide to use it, then it would be fair to do so. However, I am taking the more...

Godfather-Pips

Confluences: - Fibonacci level 31.8 - Dynamic support and resistance zone - Descending triangle Overall, I am bullish and I'm conservatively looking for a push to the resistance zone and possibly from there we may see a breakout even further

Godfather-Pips

Bullish flag pattern formation could signal a breakout to the upside.

Godfather-Pips

Support and resistance zone formed but market structure has clearly broken. I believe that there would be a retest before we see a full breakout.

Godfather-Pips

Strong support and resistance zone forming so I believe that this pattern will continue to play out.

Godfather-Pips Updated 

The ascending triangle seems to be playing out nicely so currently I believe that my analysis still stands