Tlokzino

Tlokzino

On the 4H chart, there has been a breakout to the upside. The bearish bias on this chart still holds as the EMA,200 >EMA,50 and the pair is crossing the EMA,200 at 1.34088. The RSI further confirms a continuation of the initial bearish movement as it is overbought. Given that the bearish flag is still plausible, The RSI is overbought and EMA,200 has not yet...

Tlokzino Updated 

The pair has moved into consolidation and has made a channel on the Previous High(PH) and Previous Low(PL). Although the pair maintains a bearish bias with EMA,200 > EMA,50. The pair is oversold on the RSI. On the 1H chart the pair is also showing significant bullish divergence on the RSI (Higher bottoms), and a move to the upside can be expected. All thats...

Tlokzino Updated 

On the 4h chart, the pair is testing V2 Zone and set a significant support area @ 107.8 with 3 rejections to the overall bearish move. The pair still maintain a bearish bias with as EMA,200 > EMA,50 > EMA,13, although i do anticipate a bullish retracement for the coming week. The pair is in a channel between the previous high (PH) and the previous low (PL), and...

Tlokzino Updated 

The pair is currently on the S1 support line. Expecting the pair to test the lower bound of the T1 trend line and retest to the PH level (@1.05391) Overall i maintain a bearish bias on the chart as the EMA,200 > EMA,50 > EMA,13, but for the coming week i expect significant pullback before it continues the bearish move. In conclusion Entry: 1.0487 S/L: ...

Tlokzino Updated 

Bullish continuation pattern (bullish flag) on the 4h chart, highlighted by the red and yellow lines. The pair is testing the short term trendline (T1) for the 3rd time and could complete the continuation pattern before it breaks out. The EMA,50 is below the EMA,26 , therefore supporting an overall bullish bias on the pair and the RSI is suggesting a Bullish...

Tlokzino

On the 4H chart, there has been 2 false breakout on both sides of the C1 channel. The rising wedge is still in play as the pair is ranging between the ceiling of C1 and the T1 trendline. Given that the rising wedge is still plausible, i would enter a bearish trade off the anticipated retracement off the T1 trendline. In Conclusion, I expect the pair to retrace...

Tlokzino

108.113 is a key support level for the pair.The pair is showing a bearish bias as the EMA,50 is above the EMA,26 on the 4H chart, however the pair could retrace to the ceiling of the V1 zone, where the T2 line short term trend line is, before continuing the bearish momentum. In Conclusion, I’m waiting for the bearish setup as i don’t think its advisable to trade...

Tlokzino Updated 

Although the pair maintains a bearish bias as EMA,50 is above the EMA,26, the key support level (S1) @ 109.119 is a has not broken since Jan 2019. Due to this, the pair could potentially form a long term bearish pennant(shown by the green lines) before breaking out below the S1 level. T2 is acting as the short term trend line support. as is the pair is...

Tlokzino Updated 

The pair is still inside the channel, however the rising wedge formation is still in play as higher lowers and lower highs are forming, therefore suggesting a bearish breakout. At the moment catching the trade along the channel (C1) seems to be the most viable option as the EMA’s have maintained a relatively neutral position prior to any confirmed...

Tlokzino

On the 4H chart the pair has rejected the bearish movement by retracing into the C1 channel and T1 trend line. However this pair still maintains a bearish bias as the EMA,50 is above the EMA,26 and therefore confirmation of another bullish wave to the Rising wedge formation would be if the T1 trend line is retested. Upon T1 trend line retesting, trade set up: -...

Tlokzino

On the 4H chart, the pair is testing the previous high (PH) line and could potentially see the final wave of the bearish flag (possibly test 110.60 or the R1 level,110.913) before the bearish breakout. Key confirmation area before trading would be if the pair broke the PH and the EMA,50. After that confirmation, the trade set up - Entry position: PH(110.228) -...

Tlokzino

On the 4h chart, the (EMA,50) is above the (EMA,26), this therefore indicates a bearish bias. On the chart the yellow trendline has been broken and a continuation in a short position can be expected as the pair is currently retracing @111.528. Entry : 111.570 S/L: 111.750 TP 1: 110.963 TP 2: 110.538

Tlokzino

On the T1 line the pair has established a trend on the upside. The R1 line is acting as a support line as well (@1.33695) and if the (1.34400) line is broken then we could see the pair continue to see aggressive movement on the upside. Bullish on this pair.

Tlokzino Updated 

The pair is has temporarily moved the bias from being bearish to bullish on the 4H chart, as the EMA,50 is below the EMA,26. However the bullish move can be taken as a extended pullback from the initial downward trend. A bearish rising wedge can observed and the pair is in the yellow zone, where reversal can be anticipated to make a bearish move. Conclusion:...