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As you can see, price has failed to push through that 125.767 region (Marked on Chart), It attempted to penetrate through it but failed twice, so it is possible that we have a double top on the cards.
Right now, it seems as if price is approaching a key support zone (123.334-123.532), but it seems overall that buyers seem to be running out of steam, so to me it ...
To be quite frank, I am sensing an extremely bearish week for this pear. A downward move looks nearly inevitable.
As you can see we have a slight bearish rising wedge. Higher highs are not being formed at a faster rate in comparison to the higher lows. Maybe by Tuesday it will be clear that the buyers are running out of steam as well as the uptrend.
As you can ...
As you can see, price on the daily is making higher highs and higher lows and a clear uptrend is present.
Right now a strong bullish pin bar is forming at the key new support level (1.47320), signifying that a bullish up move is on the cards.
I personally am going to enter on a 38% retrace of the pin bar, and place my stop loss just below; Hoping to achieve a ...
Still a beginner so bare with!
As you can see; Higher prices are being rejected at the key resistnace level 1.09752. buyers have tried to push and close above it on the daily chart; But just couldn't succeed. Fridays daily candle finished extremely bearish and theres a strong rejection of higher prices towards the resistance level; There has been a huge bearish ...