mlawson71 Posted January 11, 2022 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.
mlawson71 Posted January 12, 2022 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.
mlawson71 Posted January 13, 2022 Posted January 13, 2022 It found some resistance at 1.1460, but after this breakout the move north will likely continue after a retracement.
mlawson71 Posted January 14, 2022 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.
mlawson71 Posted January 17, 2022 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.
mlawson71 Posted January 18, 2022 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.
mlawson71 Posted January 19, 2022 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.
mlawson71 Posted January 20, 2022 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.
mlawson71 Posted January 21, 2022 Posted January 21, 2022 The pair remains very undecided and unfortunately we may not see a breakout this week again.
mlawson71 Posted January 23, 2022 Posted January 23, 2022 Hopefully the range will finally end next week.
mlawson71 Posted January 24, 2022 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.
mlawson71 Posted January 25, 2022 Posted January 25, 2022 It's testing 1.1280. If it breaks out below that level it may depreciate to 1.1200, most likely.
mlawson71 Posted January 26, 2022 Posted January 26, 2022 It remains quite undecided. It looks like this week there will be no changes either.
mlawson71 Posted January 27, 2022 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.
mlawson71 Posted January 28, 2022 Posted January 28, 2022 It dropped to 1.1120 as I thought it would. Now let's see whether that support would hold.
mlawson71 Posted January 29, 2022 Posted January 29, 2022 Let's see how the market will develop next week - I think we may see a further move south.
mlawson71 Posted January 30, 2022 Posted January 30, 2022 With the marketing opening soon again we will likely see a further move south.
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