my free zone to trade you can buy or sell here and your limits are
top point 126
bottom point 124.40
buy from 126 your stop lose 124.40 your target 127.50
sell from 124.40 your stop lose 126 your target 123.30
Printable View
my free zone to trade you can buy or sell here and your limits are
top point 126
bottom point 124.40
buy from 126 your stop lose 124.40 your target 127.50
sell from 124.40 your stop lose 126 your target 123.30
The pair retested 125.65 areas and stable below it, therefore, the morning suggested weekly scenario was activated and remains valid with stability below 125.65 and most importantly 127.10.
http://i47.tinypic.com/28buxkz.gif
Recommendation : Based on the charts and explanations above, our opinion is selling the pair around 125.65 targeting 123.65 followed by 122.25 and stop loss above 127.10 might be appropriate this week
my free zone to trade you can buy or sell here and your limits are
top point 125.50
bottom point 125
buy from 125.50 your stop lose 125 your target 125.80
sell from 125 your stop lose 125.50 your target 124.70
my free zone to trade you can buy or sell here and your limits are
top point 125.50
bottom point 125
buy from 125.50 your stop lose 125 your target 125.80
sell from 125 your stop lose 125.50 your target 124.70
Movement of this pair will tend sideways because affect of hma 192 that shown green colour and hma 860 that shown red colour. Now price moving between both hma. Price is estimated affected movement of hma 32 and it is tend bullish. Look that price affected by stochastic signal in tf h1 so buying position is recommendated if that signal move up after in oversold area.
my free zone to trade you can buy or sell here and your limits are
top point 126.20
bottom point 125.40
buy from 126.20 your stop lose 125.40 your target 126.50
sell from 125.40 your stop lose 126.20 your target 125.10
We can see that in H4 chart of the pair. The Ichimoku Kumo Cloud is flat. So, I think the price will be up to the Kumo Cloud. The main trend is down because the price is below the EMA 200. Therefore, after hitting the Kumo Cloud, the price will decrease strongly.
http://s13.postimage.org/n0gnvsyjb/image.jpg
The pair is fluctuating around 125.65 and that activates the morning suggested scenario which remains valid today as far as the pair does not stabilize above the mentioned level. Stability above those areas will drive the pair higher to retest 127.10 areas.
http://i49.tinypic.com/5bqsrl.gif
Recommendation : Based on the charts and explanations above, our opinion is selling the pair around 125.65 targeting 124.70 followed by 123.55 and stop loss above 126.30 might be appropriate
the pair now is forming a triangle on H4 cahrt shown , and i think also if it break the resistance level at 23.6 % @126.20 we can expect the pair to continue upward till reach the upper side of the triangle and so we can buy , good luck
Attachment 1179
After rising to its heghest level yesterday (126.39), movement of price reversed down during the sessions of the american and then until now can not rise yet. Now price move around dayly support 1 level, if price can break it, price could down again to dayly support 2 level (124.90) but it will be stuck in the oversold area mbfx indicator.
Spoiler: