The exchange rate followed my previous analyzes. Next, let's look at what kind of movement is expected in the future. The current graph clearly shows that the rate of increase in the backward adjustment is the same as in the past for a backward-picking rise leading to an exponential rise. In addition, the current motion path is similar to that of the previous...
This pair has shown a strong bullish momentum yesterday and looks set to continue this today.
I have drawn up two potential buy zones on this 4 hour chart.
Looking to enter on pullbacks to these zones.
Trade safe and good luck!
Gold has been smoking some of Bob Marleys magic plants because its just got F#cking high... it could have shared it with me haha.
Now gold broke key weekly resistance last night due to fundamentals due to FOMC ( i wont bore you with that now, google it if you want some reading that will send you to sleep ) Gold rocketed past levels and up to highs that haven't...
On the technical's this looks like a perfect setup for me. However Bearish JPY in the past hour or so means we could get stopped out rather quickly. So on to my setup!
We have Bearish three point moves on the 1D, 4H and 1H.
Price has recently pulled in to my last chance entry zone on the 4H and provided us with a lovely Double Top entry to get...
FX:EURGBP, OANDA:EURGBP, FOREXCOM:EURGBP, FOREXCOM:EURGBP
A confluence of Fibonacci levels on the weekly - Selling EURGBP
Weekly – Trading at the upper end of a bearish channel. Confluence of Fibonacci levels with a 78.6% & 61.8% in close proximity.
Daily – Failed at a 78.6% Fibonacci level and close below the 10EMA for the first time in 30 sessions.
Now EURAUD is a pair I have come to build some what of a love hate relationship with over the past 6 months. Previously taking shorts at a similar level in January before being annihilated by the flash crash. Luckily I did re enter and caught a lovely 500+ pips. Anyway that's besides the point, currently we are back at this huge resistance zone, where we saw daily...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2605.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=1.2585.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...