Price went down to retest the monthly level at 110.0 and then straight to touch the minor ress level at the blue rectangle.
i think price will return to the inner red trend line or even to retest the monthly level at 110.0.
Price respecting the triangle, forming a head and shoulders pattern. Potential break of the trend at the neckline.
MA's confirm the short bias.
I want to be sure about this one because the price made a higher low the last candle and now it's making a bullish engulfing candle, so i'm taking the trade at the initial point of the right shoulder (just in case the...
Price has failed going above the weekly trend line, making lower highs, so i think we'll have bearish move to the daily level at the blue rectangle.
I'm not totally certain about this one, because untill now the M.A's are been used as support. so i'll not take this one and i'll wait and see what happen with the next candles
I see a kind of exhaustion of the price after last's week bearish move.
3 doji candles since yesterday as confluence of the exhaustion.
I think it's time to the long move but i think price can get even lower reaching the 78.6 fib level before going up.
As traget i will take the last time that price tried to go against the trend but the engulfing bearish candle...
Price couldn't get above the inner trend line. Counter trend line just about to be broken.
H4 MA's getting closer. H2 MA's have already crossed.
Lower high formed yesterday (blue rectangles).
60 pips target on the short move with 24 pips stop loss.
If price can't close bellow the counter trendline i think it will try to reach the inner trendline again or even go...
Weekly parallel channel being respected.
H4 M.A's getting closer for a potential crossover + break of the daily counter trend line (red).
H1 M.A's have already crossed down.
Short term target at the blue rectangle (H2 support) and a long term target at the 0% fib level or even at the -27% fib level wich matches with the trend line.
Stop loss above the 78,6% fib level.
I think price is retesting the monthly level at 1.34, looking for a 3rd bounce on the daily trendline (red), and going all the way down to the weekly trend line
which matches with the 78.6% fib level and the weekly level at 1.32.
fib 0% at the 2nd bounce of the daily trendline (red).
Inner daily trend line (red)
Outer weekly trend line (black)
feb 27th we saw the counter trend line (light blue) break, so the bearish run took place over last 4 days.
As the bearish run has lose his strength over the last two days, the blue rectangle zone has been rejected 4 times, and the M.A's are getting closer, i think the bulls will take control soon....
Today, after the 4th bounce on the daily trend line (red), we have seen a 70 pips retracement and the M.A's have just crossed down so i think it will keep going down.
If the price continue downside and touches the weekly ascending trend line (black), i think it could go up and try to reach at least the weekly supp at 1.32 as a short term goal. Buy limit order at...
Rising parallel channel at the H4 time frame (red)
- i think i will touch the weekly descending trend line (black) and after that it might go down at least to the monthly level 145.0
- if the price can't rise above the blue daily resistance, it might retest the monthly level 145.0 and after that go upside again and try to touch the descending trend line.
(red downside trend line based on H4 time frame and Blue trend lines are based on daily time frames)
- daily downside trend line (blue) being well respected until now.
-monthly, weekly and daily M.A's pointing bearish.
- daily trend line well respected making lower lows bellow the blue daily rectangle.
I think it will go bearish next days (H2 M.A's have already...
