mzargi

mzargi

Long term view on price action for GBPAUD

mzargi

Based on technicals I believe we have a few bearish weeks in front of us, after the retracement.

mzargi

short term target is 90.00 on the dollar and longer term target is 84.00 after that we should see whether we see a retracement or a continuation.

mzargi

Basically what I see is EURUSD being at a strong multi-year key level. I believe we will see a bounce from here forming a higher low on the monthly down to the 50% fib retracement which would align with the bullish trend line. After the correction, I expect a bullish continuation to either 1.23 level as our first target aligned with the 0.27 fib expansion, down...

mzargi

The pair is making a four top on the monthly. NFP didn’t close above the resistance so it must have made a monthly high. Logical lookout is sell, so now we look for sells on a lower timeframe based on a higher timeframe support and resistance levels. In this case I use swing highs and swing lows from the Daily and H4 chart. We can see here that the sweet spot of...