Under these circumstances, i actually see more movement to the upside. Simple trend analysis.
Just look at the previous post. Explained everything there. IN this scenario, we're waiting for the retest and gonna move more up. I'm already buying from 1.2175
We've been ranging long enough to finally choose the way of trend continuation. So let's see now either we're on route to the south (1.18 and more to 1.15) or we could see the FALSE break and gonna go to 1.27 and more to 1.31
JUst follow the implulse - correction structure. Clear one here
The easy upside movement is coming. No sales yet. Don't get yourself into bears' trap
Easy seutp here. Let's see how will this one played out. Ranging, enough space for movement. Good risk ratio
Just open monthly chart to understand the whole picture here. We've been consolidating for while, it was just a question of "when". So I think it's enough volume in marker to go lower to 1.05 and even 1.00 could be finally reached. Let's see
Expecting LL. All simple. 4th rejection here. Following the global and local trends 2 in 1, just how i like
So global trend seems that gonna continue itself. Looking forward to see the break of Trend line and short it. Best way ofc is gonna be to wait the break of support for further downside movement. Good luck
The simple structure here. Just following the flow
Clear channel movement. Ranging. USD weak. All easy. More in volumes
1)Clear uptrend. 2) Hl and HH structure. 3) Stong H4 support. 4)Good volume support 5) Weakness of USD
1) So here we've completed 2-nd correction wave. 2) Now we've been consolidating for a long time 3) Price is still under 200 EMA H4 and we're gonna go lower 4) USD is becoming weaker so good chance to go lower on USD CNH
So we're currently making HH and HL, following uptrend for now. What we have here 1) Trend: UP 2) VOLUME SUPPORT which means BIG PLAYER support 3) 3-rd trend line H4 rejection 4) 200 EMA H4 support 5) FiBO retracement 61.8 If you want to enter LONG. better use BUY STOP order here + wait for the price to go above 61.8 FIBO
So we're waiting for good LONG opportunity here on all GBP pair. Especially after strong fundamental reasons 1) GBP CHF is on very STRONG monthly support now 2) 1200 pips we've made here without any correction - so no fuel to go further downside = BASICALLY YOU CAN BUY ALL GBP PAIRS now ! But here on GBP CHF i see good R/R and very obvious area for SL 3) So just...
So here is a pretty simple picture. 1) The global trend: UP 2) Local trend: UP 3) We have 3rd rejection of H4 HUGE trend line 4) H1 200 EMA 5) MY GLOBAL TARGET IS 1500 on GOLD 6) There are few wicks on WEEKLY that need to be filled 7) US DOLLAR I personally see bearish for long time. Rate cuts. So perfect time to continue our upside movement
So we broke H4 trend line to the upside. What i see now - we'll at least 0.8900 zone. More pluses for longs: 1) We broke and tested H4 200 EMA 2) The price tested previous low with breaking lower just to do the stop hunt 3) CAD will get weaker. Also, we have CAD news ahead. 4) NZD is getting stronger. 5) Also on DAILY chart 0.8650 zone was a 61.8 FIBO zone for...