Liammorbin

Liammorbin

trade was taken upon break of falling channel. Wait for pullback to enter

Liammorbin

Break off falling wedge

Liammorbin

although we are seeing a bullish dxy EU has been respecting this falling channel. I believe price will move up from here but we could see another touch of trendline. Stops will be at 1.086 and i will target a break of channel and full retracement to 1.14/

Liammorbin

Although price has recently broken out of the bull flag formed on the hourly we are seeing potential rejection from 0.618 level from the recent daily high to daily low. Rsi has also approaced overbought status suggesting we may still see a move to the downside.

Liammorbin

Prcies appeared to have rejected from daily trendline price seems to have broken to out of hourly consolidation to the upside which has changed my bias, Target 84.3

Liammorbin

Potential break and retest of local trendline. Wait for clear rejection to enter

Liammorbin

Bearish rsi divergence on the 4 hour macd and RSI. TP 0.967

Liammorbin

Sell at 1.326. TP 1.315

Liammorbin

This trade was taken at 1.08. TP 1.0355

Liammorbin

This trade was taken at 1.75760. TP 1.642

Liammorbin

Please refer to GBPJPY analysis in previous psot.

Liammorbin

Price has rallied on this pair since early september due to renewed brexit optimism. Price quickly reached the significant 135 level but failed to sustain the break of this level. With a dampener put on the irish back stop and rising tension in the middle east this pair started to reverse on friday. Price has broken the local trendline and closed below the 4 hour...

Liammorbin

Since we break out of the falling channel price has broke out of to further corrective patterns to the upside. With no sign of reversal i still believe price will reach the 1.64/1.645 level where i will look to take short positions depending on price actio.

Liammorbin

Bull flag plus head and shoudlers formed on the 1 h

Liammorbin

This position was entered at the bottom of falling channel. Positions can be added at break of channel

Liammorbin

Price failed to break previous swing low suggesting we will see some upside. I think we will see price retrace back to 1.64 creating a right shoulders and new lower high signally a trend change I didn't get to post this position when I entered but there is still two entry opportunities on the chart. See next post for lower time frame entry.

Liammorbin

Please see previous analysis link at the bototm of the page. As expected price rejected off of the weekly 200 ema posting 2 success bearish weeks. We are 15 pips off of our first target at 1.45. With price below the 50 100 and 200 on the daily weekly and monthly there is nothing to suggest bears will lose momentum.

Liammorbin

Following 2 weeks of heavy selling price may be able to find support at the local trendline. Price is also at the 50% retracement of this recent up trend. I believe this pair will pick up buyers around this level however with the weekly rsi showing bearish divergence i believe buying pressure will be short lived and we will see a trend change in the form of a head...