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Thread: Fbs

  1. #391
    pedagoreng is offline Senior Member
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    The 89 Moving Average has acted as resistance once again, so there's an 'Evening Star'. In this case, the market is likely going to test the nearest support at 1.1659.


    The pair has been declining since the last 'Shooting Star' was formed. However, the lower 'Window' acted as support, so we're likely going to have a local upward correction in the direction of the closest resistance at 1.1790.

  2. #392
    pedagoreng is offline Senior Member
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    The last 'Three Methods' pattern pushed the price lower. Also, there's no any bullish pattern so far, which means the market is likely going to reach the lower 'Window' (108.44).


    The price has reached the lower 'Window', but there's no any bullish pattern so far. If we see one little later on, there'll be an opportunity to have an upward correction towards the Moving Averages.

  3. #393
    pedagoreng is offline Senior Member
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    The lower 'Window' acted as support, so there's a 'High Wave' pattern. Therefore, the pair is likely going to achieve the next resistance at 110.27. If a pullback from this level forms afterwards, there'll be a moment for another decline towards the closest support at 109.63.


    There's a bullish 'Three Methods' pattern, so the market is likely going to continue moving up in the short term. In this case, if a pullback from the nearest support at 109.87 happens next, there'll be a green light for an upward price movement in the direction of the next resistance at 110.25.

  4. #394
    pedagoreng is offline Senior Member
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    There's a bullish 'Harami', which has been formed on the 34 Moving Average. So, the market is likely going to test the next resistance at 1.1862, which could be a starting point for a downward correction.


    We've got a bearish 'Doji', which hasn't been confirmed yet. In this case, the pair is likely going to test the 55 Moving Average (1.1772), which could act as support. If so, there'll be a green light to have another upward price movement towards the next resistance at 1.1836.

  5. #395
    pedagoreng is offline Senior Member
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    There are the 'Engulfing' and 'Hanging Man' patterns, which both have been formed at the last local high. So, there's an opportunity to have a local bearish correction. In this case, we should keep an eye on the nearest support at 109.86. A pullback from this level could be a departure point for another upward price movement towards the upper 'Window' (110.77).


    The price is declining because of the last 'Shooting Star'. The main intraday target is the closest support at 109.87. If we have a pullback from this level little later on, there'll be a moment to have a bullish price movement in the direction of the next resistance at 110.77.

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