Clifford_TradeNation

Clifford_TradeNation

The 23% retracement on the red fibonacci at the moment looks pretty weak, a continuation could occur towards 50%-red, a long opportunity of 40+ pips. There is however a major resistance area at the 50% where an extension can form and continue the downtrend, on the other hand a price move past the 50%-red could mean a trend reversal, I can see price moving past...

Clifford_TradeNation

Bullish Price movement confirmed last week 24th may 2019 when price was rejected for the second time at around 1.2655 (Areas highlighted in Red). We might be able to bag a nice 100 pip price movement! Up to resistance area 1.2800 with 3 Take Profits at resistance areas; 1, 2 and 3 once price breaks through 1.2700 However being a bank Holiday for the UK today, the...

Clifford_TradeNation

Right now its on a retest and an area of consolidation. Still space for a short buy entry, unsure yet to where it will go after hitting the resistance area. Weekly chart gives me the impression there might be a start to an up-trend, the pair is currently in its lowest in 2 years, so it could be possible we might see an up-trend starting. Whats your thoughts?