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Thread: Fbs

  1. #411
    pedagoreng is offline Senior Member
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    There's a 'Double Bottom', which has been confirmed, so the market is consolidating. It's likely that the pair is going to test the nearest resistance at 1.3172 - 1.3212 in the coming hours. A pullback from this area could be a starting point for a decline towards the closest support at 1.3055 - 1.3025.


    It seems like there's a 'Pennant' pattern. If so, the market is likely going to achieve the next resistance at 1.3172 - 1.3212 within the next few hours. If a pullback from these levels forms little later on, bears will probably try to reach another support at 1.3102 - 1.3055.

  2. #412
    pedagoreng is offline Senior Member
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    There's a local bullish 'Engulfing', which has been formed at the last local high. So, the market is likely going to test the next resistance at 1.1836, which could be a starting point for a bearish correction.


    The 55 Moving Average has acted as support once again, so we've got a 'Hammer' pattern on this line. In this case, after a short break, bulls are going to deliver a new local high.

  3. #413
    pedagoreng is offline Senior Member
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    There's a 'Double Bottom', which has been confirmed, so the price is consolidating under the 89 Moving Average. It's likely that the pair is going to test the nearest resistance at 1.3113 - 1.3146 in the short term. A pullback from this area could lead to another decline towards the next support at 1.3047 - 1.3032.


    We've got a 'Flag' pattern, which has been broken. So, after a short break, the market is likely going to test the closest important resistance at 1.3109 - 1.3149. If a pullback from these levels forms next, there'll be time for a bearish price movement in the direction of the last low.

  4. #414
    pedagoreng is offline Senior Member
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    The pair is consolidating above the 55 Moving Average line. Also, there's a 'V-Bottom' pattern, which has been confirmed. So, we should keep an eye on the next resistance at 1.3089 - 1.3103 as an intraday target. A pullback from this area could lead to a downward correction.


    The last 'V-Top' pattern led to the current consolidation. It's likely that the price is going to test the nearest support at 1.2953 - 1.2930. The following pullback from this target could be a starting point for another bullish rally in the direction of the closest resistance at 1.3073 - 1.3089.

  5. #415
    pedagoreng is offline Senior Member
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    The 34 Moving Average is acting as resistance, so there's a 'Shooting Star', but confirmation of this pattern is weak. In this case, we should watch the nearest support at 1.1350 as a possible departure point for a bullish price movement towards 1.1447.


    We've got a bearish 'Engulfing', which is about to be confirmed. So, after a short break, the pair is likely going to reach the nearest support at 1.1350. If a pullback from this level happens next, there'll be time for another upward price movement.

  6. #416
    pedagoreng is offline Senior Member
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    BUY 1.3135

    SL 1.308

    TP1 1.3235 TP2 1.327 TP3 1.3315

    On the daily chart of GBP/USD, the pair may test the diagonal resistance (the upper boundary of the downward channel). If bulls succeed, the pair will reach the 1.327-1.3315 convergence and the "Double bottom" pattern will be implemented.

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  7. #417
    pedagoreng is offline Senior Member
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    14:02 08.11.2018
    Recommendation:

    SELL 112.6

    SL 113.15

    TP1 111.6 TP2 109.9 TP3 107.85

    On the daily chart of USD/JPY, bulls managed to stick above the important level of 113.27. Bulls are strong to continue the rally and resume the uptrend. Bears hope for the return to the support at 112.6. A break of it will increase risks of the combination of 1-2-3 and «Three Indians» patterns.

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  8. #418
    pedagoreng is offline Senior Member
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    There's a bullish 'Hammer', which hasn't been broken yet. So, the pair is likely going to reach the nearest resistance at 1.1386. If a pullback from this level happens next, bears will probably try to test the lower 'Window'.



    We've got a bullish 'Inverted Hammer', which has been confirmed. The main intraday target is the upper 'Window', which could be a starting point for another decline towards the next support at 1.1300.

  9. #419
    pedagoreng is offline Senior Member
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    There's a 'Harami' pattern, which has been confirmed. So, the pair is likely going to test the upper 'Window' (1.1313) within the next few hours. The following pullback from this level could be a starting point for another decline towards the lower 'Window' (1.1117).

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  10. #420
    pedagoreng is offline Senior Member
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    There's a pullback from the upper 'Window', so we've got a 'Harami' pattern. In this case, we should watch the next support at 1.1117 as an intraday bearish target. This level could be a starting point for a bullish correction.


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    Last edited by pedagoreng; Today at 08:02 AM.

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