We are looking long on this pair. We published an idea last week with a forecast on the monthly time frame. (See Linked Idea). However, as you could see price has completed the Bearish Monthly ABCD formation with the 161.8% testing the monthly trend line and daily channel line. As explained in the previous post we also have divergence. We would now await strong...
We are prepared for all scenarios. This is not a trade setup this is just an outline a structure. The trade setups are set in our desired time frames. As there are uncertainties in the market we like to analyse both outcomes and just follow what price action demonstrates. However, as you could see we have lower highs with a possible target to create our 3rd...
Indicators to check BEFORE GBP Shorting for confirmation I also suggest using two other key pieces of information BEFORE shorting GBP. 1. Use USDJPY as a measure of market risk appetite and stability - As you can see below UJ has traded with a tight 38pip range vs GBP$ at 180pips. Therefore we can use UJ as a measure of stability and risk appetite: 1)...
Possibly looking long up to levels 106.00 then possibly 112.00. However price will possibly move down to the monthly and weekly trend line giving us the 3rd trend line bounce. We would then seek bullish momentum at this level. However, if price breaks below 102.00 and demonstrates bearish momentum will then be looking for our short targets of 98.00-96.00. The red...
Possible short to our downside targets of 1.28600, 1.2700 then possibly 1.25500 our “D” Extension target. We will be entering our trade on the break below the trend line.
If price breaks above the inner trendline then we would be looking long to level 83.00-83.200. Once price reaches this level we would ideally be looking for a short setup down to 80.00-79.850. However, we take it step up step and be patient with the trades. On the one hour window the 200 EMA is acting as Magnetic Resistance in our target area on the upside....
Price is currently testing the multiple tested S/R SD trend line. - Now if price breaches below this level we can see further downside momentum to potential target 1.11750. We may encounter a break below retest then bearish confirmation. - If price breaks below the lower channel line with demonstration of bearish momentum and PA then we will be going short to...
Cable is closing in the bottom of this 1.47073-1.43307 range . Possible long around 1.43500 area with a 50 pip stop loss . Take profit is at the top area of the range around 1.47000 if all ends up working out.
overall for this pair in the longer run our pyscological target is around 1.1800-1.2000. However, that is based on the larger longer term time frames. In the interim we are looking short on this pair. We sent out a signal where we would short the breakout of the upward trend line which was breached from the volatility caused by the fundamental data. However, as...
As you are all aware we posted analysis last week on this pair explaining we can see bullish movement before our downside projections come into play. We now await PA confirmation on the smaller time frame to enter short to our downside targets of 82.50 then possibly 80.00. We have Key structure breached with the first upward trend line breached and retested with ...
Waiting to see if prior high gets taken on London Open Then looking for lower timeframe PA to short
We have a short outlook on gold. However, we trade what the market demonstrates and not what we believe. As you could see we have a possible bearish harmonic in play; which provides are with the possible target area 1 (1230.00). We have the breakout and retest which has already occurred and can possible see a second retest. Price is currently sitting on 61.8% if...
Potential short to downside targets of 0.73800 then 0.72500.
Reasons for -As you can see we have Lower highs and lower lows -This shows us a clear down trend on the daily Timeframe -We have bounced from our key level at 2.00000 and have found some bullish momentum -As you can see we also have our trend line underneath Price -So essentially we are still up trending on the higher timeframes -The past day put in a long...
Reasons for -Firstly on the 4 Hour time frame we are up trending -There is a major trend line above us so therefore i believe that is prices next level before any bearish movement -We are making higher swings after coming down to our Trendline below price which is acting as support -We have clearly seen a reaction from this trend line acting as support as you...
Looking to go long on a kiss of that 50% retrace and daily support around 1.0800. If we break looking to go short for a test of the 61.8 at 1.072
Looking long.. the analysis explains it all.. -Bullish Harmonic in form - Oversold on RSI - Price on 61.8% retracement We now await for further PA confirmation before entering this trade.