EUR/JPY(1HR) The pair has been moving to the upside creating higher highs and higher lows showing bullish momentum. We then saw price move back and forth, ranging between support and resistance levels. Price then had a push down to break out, although pushed back up and left wicking on the last candlestick. Could this be a fakeout and another push to the upside?...
EUR/CHF(1HR) The pair were moving to the upside and formed a key level when failing to push further. We can see various wicking near this area showing price is wanting to reverse, we then saw this happen. Our trendline got broken along with the EMA and new lows being formed. Due to the wicking on the current support level, to enter a short position i would like...
Price pushed to our key area, and held below. We then saw price create lower lows and lower highs indicating the pair is moving in a downtrend.We are now ranging between support and resistance levels. I would like to see price move closer to our trend line, and give us clear rejections before entering a short position.