Hello everyone, welcome to another week.
This is the analysis for the week (12th -16th March 2018.)
I advise that when you copy my trades, you should use a good money management and most especially use a moderate small lot size and as well contact me if you need to get our premium package for unlimited trade calls.
The Great Britain Pounds and the Australian Dollar has been trapped down from escaping the resistance zone at 1.79161 and if we draw a trend line from the down up (look at the picture below) we can see that there are two options, which include:
1) Either price will likely break through the support which currently doesn’t seem so, or;
2) Price will break the trend line which has a high probability
FORECAST =WAIT FOR THE RIGHT FORMATION
USDCHF has displayed some wonderful price action layout on the chart. Look at how price respected the support zone at 0.94504 for two consecutive times (those blue boxes) before breaking out on Thursday last week, which has trigger so many buy pending order .
So the probability of price going long is high, prepare to buy when next the market opens.
Below are some of the charts I have analyzed:
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