The market is undergoing a correction, a risky trade. Define the short zone, price and TP. I opened positions and made a reasonable Sl
EURGBP is trending to the downside prior to the GBP Consumer Price Index data, which measures price changes in representative basket of goods and services, and is used to measure inflation. We anticipate continued downside into the -61.8% fibonacci extension level.
I forcast EJ to push higher now that we have broken the bearish channel. This was also confirmed with divergence. We could still see EJ make a final push lower before heading up so keep this in mind. My idea will be invalidated if price breaks below my trendline and heads lower on HTF
Hi Guys this pair has just tested previous important resistance now turn support and ready to push up.
Hello Traders, here is the full analysis for this pair. Watch strong price action at the current levels for BUY. GOOD LUCK! Great BUY opportunity in EURCHF .. I still did my best and this is the most likely count for me at the moment .. Support the idea with like and follow my profile TO SEE MORE! Traders, if you liked this idea or if you have your own opinion...
USDCAD is facing bearish pressure from 1st resistance level, in line with the 61.8% fib extension and 50% fib retracement, where we could see a further drop below this level towards 1st support where the horizontal swing low is. Trendline also shows that price is near resistance.
XAUUSD is retreating from recent top and is likely to reverse further 1st resistance, where the graphical swing high is. Potential target could be at where the 100% fib extension and 61.8% fib retracement are. MACD shows a bearish momentum is building.
t now USDCAD facing pressure pressure from 1st resistance!
After price broke out impulsively at the ascending channel pattern, it formed a bear flag pattern which is looking to test the 61.8% Fibonacci Level. Expecting a completion of the wave E before completely reversing to the downside.
Gold has surged bullishly last week. Also, price has broke out of its descending channel pattern. We still might continue to see bullish price action for next week. However, price is on its way to making a pullback before continuing to the upside.
NZDJPY is trading in a rising wedge pattern and at the resistance level. We might see some correction in pair from the current level towards support 1 and support 2, as target 1 and target 2 respectively. But, if it breaks out on the upside from the rising wedge pattern, we may see resistance 1 as the target for upside. Note - trade with the proper risk...
AUDJPY has given a good rally from its bottom and now it has given a good breakout from its rising wedge pattern, towards the downside. It has formed a complete head and shoulder pattern at the top, which is an indication of a trend reversal signal so, we might see a longer-term trend will be a downside. Target 1 is on the downside for AUDJPY will be supporting 1,...
Here is another one that is hindsighty. Green line is the level we would have gotten short, on the retest of that level. Clear failure to continue trend and now we are seeing the drop. I expect this to continue down. Lines are where I would take profits if I were short. Maxx Momentum Indicator gave a "TTM Squeeze" short, looks good to drop. Clearly not financial advice.
Be patient and wait for price to retrace then short! Very short term trade. Check out our long term trade which we are aiming for 1000 pips.
The Breakout Opportunities system has just sold USDJPY at 109.966. The system recommends entering this trade at any price between 109.816 and 109.966. The signal was issued because the USDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.368, suggesting that the USDJPY may have further to fall. A stop loss has been set at the 24-hour...
EURGBP pair can test lower end of triangle either break below 125.5 also possible.
As per LongBuyLongSell Auto Scan Indicator USDJPY has triggered fresh buy in IHR time frame . Follow ,Appreciate ,Like if you agree ! Related Script Links Below .