2HR chart: price currently at ascending channel, it has formed a pin bar at the resistance of the channel, high probability that price will reverse and start its bearish course.
Wait and get in on a bearish engulfing or execute the trade with SL just above the previous high.
Safe haven CHF has been bullish for a while.. (since April 18)
Oil has been making monster moves. It has been recovering well, since September 18, highs of 75 taken out to 43 and now it looks like the main retracement happened this year into April high of 64, also taken out recently to 51.
Thus, I think the minor retracement to previous support now resistance is in effect for the current price, and high odds that bears might...
Kept my eye closely on this pair since last year since the price was creeping towards it’s LOWEST levels.
Managed to catch ALL the moves over the space of 3-6months
Flash crash at the start of the year, leading to the divergence with an impulsive move to zone (1.070), which is our TP.
Since then, it’s following a descending channel (flag) which is a continuation...
damn that escalated quickly... anyone catch the MONSTER bull move?
DON’T OPEN TRADE YET
wait for a clear break of minor support @1382, with daily engulfing bearish candlestick, WAIT for flag formation and retest of broken support with a continuation of bearish trend…
TARGET: min 1300 pips
ESTIMATED TIME: 3-10 days
EG SHORT 01/July/19
My analysis is based 90% on Technicals (TA) and 10% fundamentals.
it's adamant to understand that both parties are in the losing position in regards to the geopolitical turmoil happening inside the EU council and UK parliament, both are losing out. Fundamentally concluding that this pair can swing both ways impulsively, as history...
I will be looking at both sides of a bullish or bearish outlook on this pair.
Quasimodo (QM) for me seems most easily interpretable due to showing high and low price ranges on a larger time frame with sub-QM levels with technical analysis.
Works for me to look at the 'bigger' picture, and the large impulse moves accompanying my lines and...