Huge bearish momentum off the back of Hard-Brexit becoming more probable. Expecting a fade higher off support, followed by another leg down. Price is highly dependent on Brexit news.
HTF GBP Bearish USD semi-bearish 15m fibs show a possible retracement to the .7 level and then bearish momentum
For the harmonic traders we are forming an ABCD patter with the potential entry point being the 0.618 Fib level coming down from a zig-zag correction for the Wave traders. As a target area I am measuring the A-D leg and using the Fib levels from those 2 swing points. Stay tuned for the updates! Follow and leave a like if you liked this idea and want to see more! :)
FX:EURNZD OANDA:EURNZD FOREXCOM:EURNZD SAXO:EURNZD EURNZD - Intraday - We look to Buy at 1.6690 (stop at 1.6655) Buying pressure from 1.6575 resulted in all the initial daily selloff being recaptured. Bespoke resistance is located at 1.6741. The 261.8% Fibonacci extension is located at 1.6867 from 1.6526 to 1.6656. There is no clear indication that the...
FX:EURJPY OANDA:EURJPY FOREXCOM:EURJPY SAXO:EURJPY EURJPY - Intraday - We look to Buy at 120.63 (stop at 120.28) Bullish Outside Day posted, a pattern that often indicates the end of a bearish run and the start of a new upward bias. Levels close to the 78.6% pullback level of 120.68 found buyers. Broken out of the channel formation to the upside. Reverse...
Daily Chart Explanation: - Price bounced in an important Support Zone. - Also, it reached the bottom of the Weekly Ascending Wedge. - It bounced from there, but have not broken the Descending Channel yet. - If it breaks it, price has potential to move up towards the Resistance Zone at 1,873. Our Weekly Vision supports this Bull Idea. Check it! Weekly Vision:
FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD SAXO:EURUSD EURUSD - Intraday - We look to Buy a break of 1.1155 (stop at 1.1120) Trend line support is located at 1.1125. Majority of the initial daily losses being recaptured. Posted a Bullish Hammer Bottom on the Daily chart. Economic figures could adversley affect the short term technical picture. A break of...
Just textbook trade. Technically AUD makes new higher high from the trendline. Risk and reward ratio is 1:3 This trade might not work out but it is always better to risk less to gain more.
FX:EURGBP OANDA:EURGBP FOREXCOM:EURGBP SAXO:EURGBP EURGBP - Intraday - We look to Sell at 0.8954 (stop at 0.8979) Broken out of the Head and Shoulders formation to the downside. The formation has a measured move target of 0.8860. Economic figures could adversley affect the short term technical picture. Reverse trend line resistance comes in at 0.8954....
Weekly Resistance rejected on multiple occasions.
Looking for a retest of the .900 key level early this week before continuing to the downside Downside Target 1 with a break of 0.8955 is .890
Daily Chart Explanation: - Price was on an Ascending Channel since September '17 and broke it. - Price is, now, facing the Weekly Ascending Trendline. - From here, two possible scenarios: * Long View: a Pullback to the Ascending Channel before going down. * Short View: if price breaks the Weekly Ascending Trendline, potential to move down...
FX:USDJPY OANDA:USDJPY FOREXCOM:USDJPY SAXO:USDJPY DAY TRADE - Cancel @ 9.00pm (UK) USDJPY - Intraday - We look to Buy at 107.80 (stop at 107.50) 3 positive daily performances in succession. Selling posted in Asia. Trading within the Wedge formation. The trend of lower highs is located at 108.40. Preferred trade is to buy on dips. Our profit targets will...