mlawson71 Posted March 21, 2021 Share Posted March 21, 2021 The market will reopen again soon, let's see whether this week there will be any changes. Link to comment Share on other sites More sharing options...
mlawson71 Posted March 22, 2021 Share Posted March 22, 2021 It's still consolidating around 1.1900, so far there no major changes but those rarely occur this early on Monday. Link to comment Share on other sites More sharing options...
mlawson71 Posted March 23, 2021 Share Posted March 23, 2021 The pair remains very undecided around 1.1900, frankly when it gets like this it's best not to trade it at all until it picks a direction. Link to comment Share on other sites More sharing options...
mlawson71 Posted March 24, 2021 Share Posted March 24, 2021 It reached the last low at 1.1845 and it may be forming a double bottom. If it is we may see a new move north but a breakout is still possible, I think. Link to comment Share on other sites More sharing options...
mlawson71 Posted March 25, 2021 Share Posted March 25, 2021 It dropped below 1.1845. The next long-term target is likely all the day down to 1.1600. Link to comment Share on other sites More sharing options...
mlawson71 Posted March 26, 2021 Share Posted March 26, 2021 It dropped to 1.1760 and it remains quite bearish. Next week the move south will likely continue. Link to comment Share on other sites More sharing options...
mlawson71 Posted March 29, 2021 Share Posted March 29, 2021 It's currently testing 1.1770 and it has formed something of a double bottom on the four-hour time-frame. We'll have to wait and see how it will develop. Link to comment Share on other sites More sharing options...
mlawson71 Posted March 30, 2021 Share Posted March 30, 2021 It dropped below 1.1770 and the move south continues, next target is likely 1.1700. Link to comment Share on other sites More sharing options...
mlawson71 Posted March 31, 2021 Share Posted March 31, 2021 It dropped to 1.1700 as I thought it would but it has not broken out below that level. That is still certainly a possibility, I think. Link to comment Share on other sites More sharing options...
mlawson71 Posted April 1, 2021 Share Posted April 1, 2021 The pair remains very bearish on the monthly time-frame. The long-term target remains around 1.1600, I think. Link to comment Share on other sites More sharing options...
mlawson71 Posted April 2, 2021 Share Posted April 2, 2021 It is back at 1.1770 after bouncing off from 1.1700. Next week we may see some retracement before it continues dropping. Link to comment Share on other sites More sharing options...
mlawson71 Posted April 2, 2021 Share Posted April 2, 2021 It is back at 1.1770 after bouncing off from 1.1700. Next week we may see some retracement before it continues dropping. Link to comment Share on other sites More sharing options...
mlawson71 Posted April 3, 2021 Share Posted April 3, 2021 Well, it closed at 1.1760, about as undecided as it has ever been. Hopefully next week the picture will be clearer. Link to comment Share on other sites More sharing options...
mlawson71 Posted April 4, 2021 Share Posted April 4, 2021 Let's see how it will develop next week. Link to comment Share on other sites More sharing options...
mlawson71 Posted April 5, 2021 Share Posted April 5, 2021 It's moving back south,we will likely see it drop to 1.1700 yet again but whether it will break out below that level is unclear. Link to comment Share on other sites More sharing options...
mlawson71 Posted April 6, 2021 Share Posted April 6, 2021 It's quite bullish now. It rallied past 1.1800 and continues moving north, it may even reach 1.1850. Link to comment Share on other sites More sharing options...
mlawson71 Posted April 7, 2021 Share Posted April 7, 2021 It remains quite bullish today. It reached 1.1850 and rallied past that level, next target is likely around 1.1900. Link to comment Share on other sites More sharing options...
mlawson71 Posted April 8, 2021 Share Posted April 8, 2021 The pair formed a shooting star candlestick on the daily time-frame. That is a pretty clear signal for a reversal, so the move north is likely over for now. Link to comment Share on other sites More sharing options...
mlawson71 Posted April 9, 2021 Share Posted April 9, 2021 The pinbar on the daily time-frame turned out to be a false signal, the move north is clearly not over yet. That's really quite disappointing. Link to comment Share on other sites More sharing options...
mlawson71 Posted April 10, 2021 Share Posted April 10, 2021 It remained very bullish as it closed, next week it may rally back toward 1.2000 next week, I think. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now