Overview: Price has broken through the flag pattern formation to the upside indicating an uptrend continuation. The channel EFGH (upward range in green) emphasizes a channel continuation to the upside as well. Note that price was unable to break the hidden range ABCD the last time it was there (15th May 2018). Now it is back into this range 9 months after with a...
Overview: It appears that the long-awaited Bulls for the GBP to get back to her past glory has finally come. Presently, price appears to have culminated its retracement (fib 0.618) at the major support @ 1.28070 which also confirms completion of a double bottom formation on the Monthly chart. The culmination of the retracement here can also be emphasized with the...
Overview: Price is ranging in a downtrend. We can also notice how difficult it is for price to break the resistance @ 110.300. It is also interesting to note that since it's fall from this resistance, price has continue to reject the major resistance @ 109.800 since it was broken on the 6th of Feb '19 which confirms the downtrend. Speculation: We are looking a...
Overview: Downtrend - Channel continuation appears to be imminent which falls into existing hidden range EFGH. However, we shall wait for the present candle to break major support @ 0.87310 with an engulfing candle for a profound SELL signal confirmation. Speculation: we shall seel with a potential TP of 120pips and SL of 45pips
Overview: Downtrend with a possible uptrend in view - We have downward ranging channel (which is confirmed by the rejection of the range's resistance @ 144.200 rhyming with major resistance of the hidden range EFGH) crashing into an existing hidden range EFGH which has been persistent since June 2016. Presently, price appears to be rejecting the major support @...
Overview: Downtrend - Price broke ranging channel ABCD and we can visibly see price retesting the support of the channel with a rally off to form a possible range on a downtrend (depicted with the dotted line on the chart). Speculation: we shall continue the short rally with a potential TP @ 125 pips and SL @ 35pips.
Notice that a "buy" engulfing candle from the buyers' zone ÁBCD reveals a momentum building signal for BUY. This is evident when we look at the market condition in the past from this zone (16th Oct '17; 11th Jan '18; 13th April '18; 19th June '18, 19th Dec '18 and now 5th Feb '19). Hence, the engulfing candle on the 5th of Feb '19 appears to be a signal for...
Overview: Price is heading downward into the horizontal range EFGH. This is evident considering the break out from the upward range ABCD and an engulfing candle break of the major support @ 1.3500. Speculation: We are looking at a possible TP of 119pips and SL of 48pips
Overview: Downtrend. Expectation: Range completion
Overview: Uptrend, price is caught up in a downward range which depicts a correction peak at 141.53 (corresponding with fib retracement @ 0.382). expecting a break of the range to the upside.
Overview: UPTREND. Price just broke through a major resistance @ 0.68630 with an engulfing candle. Using our Fib extension from A, B and C, we speculate a TP @ fib ext 1.272 (0.72815) Speculation: BUY Potential TP @ 383pips SL @ 95pips
Overview: Downward ranging channel Speculation: We are SHORTING Potential TP @ 90pips SL @ 45pips
Overview: Ranging channel Speculation: Downtrend Potential TP @ 43pips SL @ 15pips
Flag pattern formation. A breakout off the pattern prompts a signal for Long/Short. Keep watching
Overview: Ranging Speculation: Downtrend However, we shall wait for price to break the current range for a sell signal. 1.30070 appears to be a major support to be broken for entry *Potential TP @ 1.16060 (437pips) *SL @ 1.37340 (225pips)
*Overview: Break out from range continuation *Speculation: UPTREND *However, we wait for completion of retracement @ fib .50 or .618 before rally (1.30230 and 1.29770 respectively). * potential TP @ 1.34500 (440pips) * SL @ 1.29380
Overview: Raanging Speculation: Uptrend However, we shall wait for completion of retracement @ fib .50 or .68 and join the rally. Potential TP @ 150pips (0.73380) SL @ 66pips (0.71410)
Overview: Trending in a range Speculation: Downtrend Pattern: Double Top TP1 @ 1.27730 (fib.50 retracement) TP2 @ 1.23930 (This is considered when the downtrend continues from 1.27730)