Hello. This pair has formed a head and shoulder pattern. the pair has broken our key level and retested on the same level. There is an upward trend which has formed 2 confluences confirming the buy set up. i am planning to buy till 18100 with first TP at 1.7800
There is this level around 0.856 which has not been broken since December 22 last year, the level has t=been tested twice this week already but has failed. it has just formed an engulfing on the 1 hour candle. Going short on Current market price TP will be at 0.83700 for a 3.76 risk reward ration
Will this idea Work? i am waiting to see how the pair will react this week on the 0.786 level. That zone has been tried the whole of this wee and has failed to break. there is a BuOb formed in the one hour timeframe. That BuOB was formed on 7th march and retested on 13th March, this is the 2nd retesting which i believe will push the price higer this week. I am...
- We have a Break and retest on this pair at the 4 hour TF. - on the 1 hour we have an Bearish order block, which makes this par very bearish. - the paer is still on a generally downtrend. - on the Daily TF the pair has failed to break the 0.786 level meaning that this pair will sell till 1.08035
we are on top of the downward trends. the pair has formed a bearish pinbar in the last hour that formed on that downtrend. also the pair formed the pin bar on the weekly level of 1.3100 meaning that it might retrace to 1.30500 before it buys again. this is a short sell set up
Tis pair is on a downward trendline, the momentum of the bulls as slowed down. The pair as also failed to break te 0.618 level it is forming a bearish pinbar it i am waiting for the formation of the 4 hour candle in order to et the sell signal, it will sell to 0.81800