GBPUSD bullish strength leaves risk towards 1.2381 level following its rally on Thursday. Support lies at 1.2200 with a turn below that level turning attention to the 1.2150 level. Further down, support resides at the 1.2100 level where a break will turn attention to the 1.2050 level. Further down, support lies at the 1.2000 level. On the upside, resistance...
AUDUSD Buy setup Looking for the break to the upside
GBPUSD usually continue's it's overall trend after three touches of a correction. In this instance, GBPUSD will most likely continue it's downward trend after three resistance touches in this wedge. We are currently approaching the second touch of resistance and it is a great shorting opportunity. Remember, only enter if price action permits.
I think we gonna drift lower in Asia to retest the trend line and then one of two scenarios will play out primarily depending on the Powell's speech at jacksonhole tomorrow
OANDA:GBPAUD Ill be watching this baby closely... Dropped back below it's resistance level. Came back to touch the 50 fib level literally perfectly... Lets see what price action shows us - back up or down? Stay safe and stay smart. Dont forget.... Trade like a C A S A A AI I I N N N O O O O O!!!!!
OANDA:GBPNZD BOOM! A N O T H E R setup to stalk... I should CHARGE for this! Anyways, keep yo eyes open and if price action permits... hop in for the long! Why? Because med-term trend is bullish, price is close to support, 20MA and 50MA are bullish, price is in a tested wedge. But remember one thing... ONLY ENTER IF PRICE ACTION + CURRENCY STRENGTH + ANY OTHER...
OANDA:USDJPY USDJPY at important support level + Inverse H&S. Bullish for days on this one. Keep an eye out and don't forget... Look into it yourself! Good luck trading :) Don't forget... rake in them profits like a C A S I N O >:)
OANDA:GBPUSD GBPUSD in a clean little ascending wedge, with long-term bearish bias and short term bullish bias - On the daily, theres some recent clean and strong bullish price action and on the weekly theres a strong bullish candle forming. To time a better entry, make sure to get on to the lower timeframes. Anyways guys, good luck and don't forget to trade...
We Have Found Rising wedge in AUDNZD, The chart we are Doing Analysis is 1 Hrs. There is 12 Pips Risk and 64 Pips Reward You can take Entry Now or Wait for Rising wedge Break to Downside. On the technical analysis chart, a wedge pattern is a market trend commonly found in traded assets. The pattern is characterized by a contracting range in prices coupled with...
AUDUSD - Intraday - We look to Buy at 0.6745 (stop at 0.6715) Posted Mixed Daily results for the last 7 days. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Trading between support at 0.6745 and resistance at 0.6821. Preferred trade is to buy on dips. Price action is forming a bullish...
New swing lows being created daily wick retested the weekly res as a resistance with price also moving under the MA's no daily or weekly long signals currently. This pair will I feel will continue to find bearish support zones. Purple horizontal lines are back tested daily key levels ranging from 2011-2013. Clearly sterling is in its weakest position for years
Seems like everyone has been watching this range on the EURUSD. We did close slightly below the support but the break was not strong enough to warrant an entry in my opinion. We are now re-testing the break. I will personally await for a close below 1.1170 or below the recent lows depicted with the black line. Remember a re-test really is confirmed when it makes...