alonsocruz

alonsocruz

Yep, This are the reasons why: 1 Price went below the support zone at 1.15835 four times. (Greens) 2 Price tried to reached the resistance level at 1.17250 ten times and failed. (Reds). And now is drawing lower lows. 3 Seems to be appearing a downtrend line. 4 There is no more economic events left for this week than can cause volatility. Price Action,...

alonsocruz

Simple as if FED keeps interest rate at 1.25 dollar falls down If FED raises interest rate dollar will rocket high , Be aware of the next FED meeting on October 31, 2017 This is the calendars link. www.federalreserve.gov

alonsocruz

Theres a strong Kangaroo Tail pattern suggesting that a bearish move is coming, for this to happen the price should´nt go above the candle shadow. Hopefully the downfall will be completed on the NY/London session. PRICE ACTION

alonsocruz

Price Action

alonsocruz

Could hit the 1.12829 and go beyond Price Action

alonsocruz

Price Action * Could go higher if the candles closes beyond the line 1.12456 line

alonsocruz

Price Action

alonsocruz

Price Action & MACD

alonsocruz Updated 

Price Action Tp near 1.12500

alonsocruz

Price Action - Updating your SL is vital.

alonsocruz

Price Action

alonsocruz Updated 

Price Action I´ll go with 50 pips trail stop

alonsocruz Updated 

Price Action

alonsocruz Updated 

Price Action For at least 100 pips

alonsocruz

Price Action

alonsocruz Updated 

Its a small one, may be good for a 100 pips Price Action

alonsocruz

You may want to be alert for a trigger to appear in this zone.

alonsocruz

So i might be looking for sell scalping and on the long run ill be buying. Happy trading