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1) Recent dollar strength
2) Weekly timeframe shows a shooting star candlestick of weekly structure level thus suggesting a minor pullback
3) 61.8% fib level is in line with daily minor structure level
May be seeing a harmonic pattern. Retracements has been held at fib retracement levels and trend line has been respected. Buyers may be looking to rally up. Looking to enter a long position
Trade on breakout. Wait for confirmation
there is a regular bearish divergence revealing itself as price action shows uptrend with higher highs but MACD shows higher lows. This may indicate a possible reversal in trend. Looking out for this pair and waiting for more confirmation for this.
Overall bearish trend and trend line has been tested and retested thus strengthening the trend. See a formation of a double top with it respecting overall downward trend. Looking to short on breakout.
There has been a clear bullish trend with strong buying power. At the top of the trend doji candle formed which may indicate buying power is slowing down and quantity of buyers is lessening. in the 1 hour timeframe there is a shooting star/inverted hanging man candlestick which may signal a possible reversal may happen. together with this RSI is signalling ...
there has been a bullish trend in which buyers were in power up the 100 mark in which buying slowed down as doji candlesticks formed. then right after bearish candlestick formed. this may be indicating a reversal in trend and seller has now entered in the market and now has broken through downwards past the 78 mark.
the market has respected the price level of 0.737 which is major resistance as it tests it break through momentarily and retraces back. this is similar to the major support levels which is respects price range 0.681 hence forming major support and resistance zones. looking to go long as candlestick is tested and broke through the 0.78 mark and retrace then tried ...
The market has respected the daily support zone has tested it as well the testing the trend line on 2 occasions. however there are areas of consolidation and retracement which may be a possibility in this case but on the other hand there is a possible case of resistance break out as illustrated on the chart. Although due to the consolidation/ sideway trend ...
The market has tested and retested the resistance zones and the trend line multiple times which has strengthen these zones as well as Throughout the past week market has tested and strengthen the 142 price range. There is clearly a bearish and downward trend as the pound is clearly weakening due to the June 8th UK general elections which shows a tightening ...
There is has been both a bearish and downward trend since 2014. Resistance has been on a all time high since 2014, in which support zones has been tested these past recent months. Since the general election the pound strength has fallen in which it has slowly tried to recover. the market has respected the both support and resistance zones and has tested it but ...