If you trade the pullbacks, this might be a good time to jump in...
Seems as if price is continuing down after bouncing off the .786 Fib line (and possible resistance on the .618 as well). Looking for a continuation down to around 122. Possible 150pip+ move...
Possible breakout sell one price drops outside of flag
Based on the flag forming on the day chart, if the resistance area holds up, price should dip near the 1.2260 price zone...
Price will continue to the downside. Look for price to retreat to 110.709 area.
Look for a sell once price moves below price channel (and out of the cloud)
Potential Sell Set Up. If price breaks channel, I expect price to continue to TP1 1.75500 and possibly to TP2 zone at 1.74040
If price breaks above ascending channel. I expect price to hit TP1, possible TP2
Waiting for price to break channel for a sell. Confirmation for sell when price is below 1.28147 TP @ 1.27711
Price is producing a continuation pattern (to the upside) on both the 4hr and 1hr charts. The 200EMA has turned bullish on the 1 hour time frame. Good opportunity for buys until the price reaches the overall monthly trend line.
Overall this pair is in a current downtrend, however price seems to be hitting resistance at the 1.29000 price area. Looks like another drop may occur, if you are looking for a BUY, wait for price to drop around the 1.29160 price zone If price rebounds long aggressively, then enter in on a pullback and ride it to the 1.31165 price zone (and wait for...
Price retreated from a pretty firm resistance area and is forming what appears to be a double top. However the price has strickly respected the 4hr trend line. IF trend holds look for another buy up to the near the 111.300 price.