Weekly Chart Analysis by Adewale Adeleke – June 24th to 28th, 2019.

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Chart Commentary Disclaimer: Adewale’s views on the Charts is not advice or a recommendation to trade or invest, it is educational and general information only. Don’t blindly buy and sell the markets/products discussed in this newsletter, do your own research and be aware of the risks and rewards.


TREND: Bearish

Relevant Key Levels: Resistance :1.27660 and Support: 1.25050

Price Action: A small Pinbar started the rally few days ago.

Potential Trade Idea: We anticipate potential bearish setup at the resistance region at 1.27660. Our bias remained bearish as long as price closes below this region.


This pair blast through the near term resistance zone at 1.12606 and 1.3229 respectively.
We anticipate a retest of above mentioned resistance zone.The price action at this region we give us a clue of market directional bias


The bearish bias of this pair is obvious.
We are at alert for Bullish trap at 1.23043

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