mlawson71 Posted January 10, 2022 Share Posted January 10, 2022 The range clearly continues today too, and so far there is no indication it will end anytime soon, unfortunately. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 11, 2022 Share Posted January 11, 2022 The range still continues and if you're a scalper it's probably a good thing, but it's pretty frustrating for everyone else. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 12, 2022 Share Posted January 12, 2022 It finally broke out above the established range and there is a significant bullish hammer candlestick on the monthly time frame. I think we will be seeing a move north. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 13, 2022 Share Posted January 13, 2022 It found some resistance at 1.1460, but after this breakout the move north will likely continue after a retracement. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 14, 2022 Share Posted January 14, 2022 It formed a shooting start 1.1480 after all, we will most likely be seeing a pullback over the next two days after this rally. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 15, 2022 Share Posted January 15, 2022 Let's see how it will develop next week. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 15, 2022 Share Posted January 15, 2022 Let's see how it will develop next week. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 17, 2022 Share Posted January 17, 2022 It's bearish at the moment and it is yet to reach the breakout at 1.1380, although it will probably happen eventually. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 18, 2022 Share Posted January 18, 2022 It dropped back to the breakout as I thought it would. Now the question is whether it will go back into the range or bounce off from that level. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 19, 2022 Share Posted January 19, 2022 It dropped all the way to 1.1310 and returned into the previous range, which is very frustrating. Hopefully there will be another breakout soon. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 20, 2022 Share Posted January 20, 2022 It looks like it will continue developing within the range again. At this point it's unclear what could cause another breakout, the fundamentals are clearly not helping. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 21, 2022 Share Posted January 21, 2022 The pair remains very undecided and unfortunately we may not see a breakout this week again. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 22, 2022 Share Posted January 22, 2022 Let's see how it will develop next week. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 23, 2022 Share Posted January 23, 2022 Hopefully the range will finally end next week. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 24, 2022 Share Posted January 24, 2022 It dropped below 1.1300. I think it will depreciate back to 1.1210 - 1.1200, which is the support level of the range. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 25, 2022 Share Posted January 25, 2022 It's testing 1.1280. If it breaks out below that level it may depreciate to 1.1200, most likely. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 26, 2022 Share Posted January 26, 2022 It remains quite undecided. It looks like this week there will be no changes either. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 27, 2022 Share Posted January 27, 2022 It finally broke out below the range and it remains very bearish for now! I think next target may be around 1.1120. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 28, 2022 Share Posted January 28, 2022 It dropped to 1.1120 as I thought it would. Now let's see whether that support would hold. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 29, 2022 Share Posted January 29, 2022 Let's see how the market will develop next week - I think we may see a further move south. Link to comment Share on other sites More sharing options...
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