pipqueen254

pipqueen254

The immediate trend in the daily time frame is an uptrend. Anticipating price to retrace then continue with the long move

pipqueen254

This is the 4 hour time frame. Analysis was done in the Daily time frame, and it confirms a good scalping opportunity in the 4 H, 1 H, time frames In the daily time frame, the immediate trend is a downtrend, and a retracement had occurred and has now reached a strong zone, confirmed by the Fibonacci retracement tool at point 61.8. Due to the confirmation of the...

pipqueen254

1. Price reached zone 4. (Zone 4 is a strong zone since the last time it was visited/touched was around 2008 and 2002.) 2. Last week price reached the zone and closed above the zone. (signal for buy) 3. Price is now correcting itself (on retracement) (According to these points price might move higher)

pipqueen254

Price has been consolidating since February 2017 between prices 114.398 and 108.856, marked by horizontal lines and constricted by zones(zone 1 and zone 2). Price has hit and touched zone 1, four times, which is considered a lot for price to touch a certain zone. Price also touched zoned 2 four times, with the third time price breaking out and then going back up...

pipqueen254

Due to the previous trend analysis, the trend has been on an uptrend with Higher Lows and Higher highs formed. the market showed signs of reversing when a lower high was formed at price 1.35731, marked by a dotted horizontal line. Price then moved down and retraced back to the first zone on the chart. In the zone, price broke out the zone on the lower side , then...