Kingsley_Chi

Kingsley_Chi

Hello folks, How was your trading last week, this is another look at EURUSD four(4) hour chart, the last time, I shared how the EURUSD has broken it's monthly resistance trend line, and now it has been maintaining it's up trend. Now looking at the four(4) hour chart and how it played out last week it is obvious that we are in for a long way up but please make sure...

Kingsley_Chi

From the one hour chart it is obvious that precious metal has been maintaining bullish trend along the channel. But there is a likely retracement in the near future (say next two weeks). This is my own opinion about the market via a technical stand point.

Kingsley_Chi

taking another look at the four (4) hour chart I can see that EURUSD is rallying in a channel, and there is a possible SELL when the price hits the resistant trend line, this should be considered as my own opinion.

Kingsley_Chi

Your input is welcomed to this idea, I love viewing monthly chart

Kingsley_Chi

The GBP has not broken the downtrend line for the past months, it would test the down trend line again as seen in the chart, then breakout when the triangle is fully formed. Patience is key when trading

Kingsley_Chi

From the monthly chart, the downtrend has been broken it's time to expect a long period BUY