BREXIT. Sitting on my hands to be fair. the uncertainty isn't my portion. Anyway my thoughts on possible outcomes. i believe the target I've set can be hit on the exact same day of the decisions, looking back to the Swiss move previously, market is much more prepared for volatility than previous.
Cuurent trend - Bullish, now we may have a reversal on the cards 0.76814 resistance, price failing on multiple occasions to break above . 4hr we have an inside bar set-up, triggering more sellers into the market. But we weary of fakes the banks are watch before falling we need to shake a few traders out the trade
Patience, the market is dynamic. My bias was short; long term but that has now changed. If we mange to break above the 137.016 area that will prompt me to taking longs; on the daily chart we have an inside bar set-up for a possible long entry.
Triple bottom; 1145.40 we've been failing to break around that level since October 2014 and we have failed again for third time in July 2015 clearly the market does have power/doest want to break that level which gives us a great signal that we may potentially be heading North.
BEARS!!! let the siege begin, 1.10429 has been broken and re-tested for a real move down south.Visually you can see my targets, those are logical points in market where the market has been before: individuals and institutions will be looking to push the market to those level before anything else. As you know humans are repetitive that's why the market usually...
break re-test of bullish trend line (red) another confluence we have is failure to break above sloping bearish trend line (blue) on 3 multiple occasions; target 1 - 1.37672, target 2 - 1.28656
1.95715 is a key level that we broke above, the market moves in waves and many market participants and market makers are awake of this level. So for us to continue this up trend we would first need to come down and test the 1.95715 level before heading upward. my target is around the 2.08652 area. bullish flag pattern in play on daily tf
