This currencies pairs .. sometimes make you miss and lose control and do not know where the price went . that really crazy pair of currencies , I sometimes see a price between them and exchange bars between of them like a real battle. let me go more deep this time and see were price want next week.
first let's see Important timeframes in time of close On Friday, 22 June.
timeframe 30min price reject at 145.556 and price now above fibo 23.6 ->145.809 timeframe H1 price reject at 145.556 and price now above fibo 38.2 ->145.843 timeframe H4 price reject at 145.558 and above fib 50.0 -> 145.496 and price now above fibo 38.2 ->145.764
in daily timeframe another story 3 bullish days with 3 tail or wick and 2 days reject from fib 14.6 -> 144.729 and last day Emigrated above fib 23.6 -> 145.688
in weekly the trap , weekly it managed to get close blow fib 23.6 -> 146.339 and get low to 144.395 but get strong reject make it above fib 14.6 -> 145.131 as you see in chart With dependence on fibo timezone price wil be high high low , and this wil be until 24/9/2018 and This explains why this week can not change the monthly bar With some failed attempts at 144.371. So next week will complete the rally for this month
p.s: Do not rely on the British economy bad news and get out of the EU for sell .. trading the down to up and this potential up move on weekly and month
if you like my idea please leave for me a like and Comment!!
Thanks, Trade Wisely
Bình luận
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On my calculations, the first change in direction after 7 hours ... today we need to close above 146.339 in daily .
Thanks, Trade Wisely
Bình luận
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as i said , trading the down to up and this potential up move on weekly and month . ;) ..
thank you.. i loved your analysis for the crazy pair, so, you think it will continue going up this week .. right?
mrx4u2000
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@HaifaDeeb, hi , yes It usually starts release up in first day of the week and continues or will make wick down then continue going up , I will update this idea all week .. when it needed, thank you , :)
zakarhello
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So will go up bullish ? Anywhere near 150
mrx4u2000
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@zakarhello, hi :) , If its steps accelerate towards 147-148 levels this week and the rate hike was confirmed in August , yes it could be on next Month ..