The EMA 100 for the weekly chart is the crucial indicator. If it did cross it, there will be a bullish rally to $60. If it didn't cross the EMA 100 will act as strong support for the price to test and retrace back to the minor zone at price around $40.
We were supposed to have the entry early at 1.0956 and target wave 4 at 1.1003 or its violation at 1.1054 But it seems there is still a corrective to wave 4 though there is a bearish trend long to wave 5. So we can have calculated risk to grab some few pips to wave 4. Trade with care
There is high proba for bullish rally as supported by RSI and MACD. Choose your entry point wisely. But its better to wait for any consolidation at that critical point in the line of EMA 200. Trade with care
Entry 1.5645 for accuracy, but you can risk at current price tomorrow and stop it at 1.5352 (100 pips risk) or wait until 1.5645. Trade with care
E. 0.7464 S.L 0.7511 T1 0.7371 T2 0.7341 Trade with care
Potential Entry 1710.91 SL 1737.53 Tg1 1653.19 Tg2 1611.04 Notice the behavior of indicators i have used RSI is consolidating around overbought Macd 4c which measure momentum has a defined channel pattern which reassure the probability that price will fall. Trade wit care
The continual decline in price will continue to be an opportunity to buy at low price. I have based my bullish sentiment on RSI, zones and volume and they all seems to add up. But need not rush on this, there obvious should some consolidation on that zone before price retrace for reversal
Watch until price done consolidating on that zone and when retrace will confirm a bearish rally
The JPY/CHF has reached a vital area. The pair is ending the month and approaching the 100 EMA. In previous sessions it failed to breakthrough. Now we should watch out what price is going to do around this zone. Whether it will break it, providing opportunity to buy or it will consolidate and retrace back, providing opportunity to sell. The wave count suggests...
Good entry at 2.516 Then you can choose to have SL at 2.772 or 3.092. I would recommend the 2.772 which is risk effective as you can see trend is up. TP1 1.948 TP2 1.609 And as you can see as price will consolidate at point D the RSI will likely to consolidate at an overbought state which make this setup high probable trade. Trade with care Thanks
Am waiting until this BREXIT thing of tomorrow that am sure will provide strong trend for bearish or bullish rally.
The price is just above 100 period Ema. Am still watching what price will do on this Triangle channel.