The GBPUSD has kicked on to the OfferZone where we expect to see some heat come out of the rally and a reaction lower for a long squeeze. The question is in what form...will the price pop and washout stops above the zone and then fall back below to trap some longs or will we see a correction lower from current levels to reset and build for another run higher. If...
The EURJPY has pushed headlong into resistance around 119.95 (previous daily high) and cleaned out a few stops above the level. We expect to see some sellers jump into the action for a move lower to test and potentially break the 119.150 higher low zone. Time to set the trap and squeeze out some buyers so watch for a shoulder entry short for confirmation. * If...
Daily Chart Explanation: - Price bounced on the Resistance Zone. - Price broke the Ascending Trendline. - Now, it has potential to continue its down move towards the Support Zone. We are looking for sell setups on lower timeframes. Updates coming soon! Weekly Analysis:
day trade, quick one done on quick analysis of a break of resistance and due to the fact that dollar is on an uptrend too, stop loss tight and take profit not to far, stay tuned
The EURO has had a good few sessions and the party does not look like it is ready to stop. Buyers remain in charge and targeting the OfferZone around 1.1094 so like the action for a BUY ENTRY through 1.1037. May expect to see some washout of recent buyers before a move gets underway. ** If you enjoy our free content, please follow our profile at...
The Pound has recently spiked higher thanks to some positive news on Brexit and the USD falling. The price action suggests another run higher and extension into the OfferZone around 1.2800 as there is more than enough fuel built up for a short squeeze. ** If you enjoy our free content, please follow our profile at www.tradingview.com to get further high quality...
I drew the main channel on KST. Must watch carefully. The upward reaction would be much more severe, but the downward reaction should be evaluated. If I see anything about it, I'm gonna give url to the new idea under this area.
here we see a bounce on support and a later entry but still room for a nice day trade, stop loss close incase of reversal to lower lows