TECHNICAL ANALYSIS
-Since the end of July, the price started bouncing several times on a strong weekly support at 0.71273, until the end of September;
-The price then, started collapsing again, breaking the support, making a clear Double Bottom Pattern, confirmed with strong volumes and completed on the 5th of November;
-Few days of consolidation and then the price started an Ascending Channel , bouncing three times inside that with a clear uptrend.
The 10th of December, a long daily candlestick pushed untill the resistance, followed the next day with a weak short candlestick , it seems to be a brearish Harami Pattern.
CONCLUSION:
I aspect a short move up to 100 pips, I'll entry short during the next days if I'll get a confirmation from the market.
I hope you can enjoy my free analysis, if you like my idea and my style just let me know, it will help me so much! I'm available to discuss your opinion as well, if you got something similar or different!
Good Trade to Everybody!
Gianni
-Since the end of July, the price started bouncing several times on a strong weekly support at 0.71273, until the end of September;
-The price then, started collapsing again, breaking the support, making a clear Double Bottom Pattern, confirmed with strong volumes and completed on the 5th of November;
-Few days of consolidation and then the price started an Ascending Channel , bouncing three times inside that with a clear uptrend.
The 10th of December, a long daily candlestick pushed untill the resistance, followed the next day with a weak short candlestick , it seems to be a brearish Harami Pattern.
CONCLUSION:
I aspect a short move up to 100 pips, I'll entry short during the next days if I'll get a confirmation from the market.
I hope you can enjoy my free analysis, if you like my idea and my style just let me know, it will help me so much! I'm available to discuss your opinion as well, if you got something similar or different!
Good Trade to Everybody!
Gianni
