UnknownUnicorn6995028

UnknownUnicorn6995028

Hello Traders, You will see that we have a triangle pattern forming. Currently the market has been consolidating for quite some time. We are likely going to see a break of this soon. I anticipate that this will be to the downside and this is why we are looking to enter short positions at the resistance level (marked in red). I believe that we will continue to the...

UnknownUnicorn6995028

Hello Traders, Currently on EURUSD we have a descending trend line. I believe that this will be broken based on the double bottom which I've marked in red. We will need to wait for price to break the trend line before we can look to enter a buy position however this is a nice setup to watch and monitor in case we do. Thanks all,

UnknownUnicorn6995028

Hello Traders, On the 4 hour time frame we can see a very nice wick rejection of the 50% and the 61.8% fib level. This gives nice confirmation that we may see a further downward push. On the 1 hour time frame we can see a head and shoulders pattern. We broke the neckline/support to this pattern last week and have come back up to retest the area (red zone) and...

UnknownUnicorn6995028

Hello Traders, You can clearly see that we have been in a downward trend which has now been broken. I have marked on the breakout zone which has now been retested. We have already seen price bounce at this level. I have used the fib tool and we also have a rejection of the 61.8% fib level. Thanks all,