PA looking very similar to GBP yesterday
EUR has rallied much against JPY and now is heading towards a upward sloping trend line which is acting as resistance. looks good to sell here with TP around 119.8 or lower
The USDJPY is holding up at resistance but may be building to extend the move to higher levels around 110.570. We are watching for a reaction lower off 108.890 as buyers get squeezed out but are also open to the idea that price could easily extend through the level. Any short setup will need confirmation from a shoulder setup (lower high)....see how this plays...
The AUDUSD trade action is set to heat up as employment data is due out at 11:30am AEDT. If the numbers come out stronger than expected, buyers will dive into the action to lift price and squeeze out recent shorts. If numbers are weaker then expect further pressure lower from sellers. Either way expect some chop both up and down as the big boys reset the...
Australian dollar formed some bearish tunnel. One more bearish movement looks possible. Fundamentally, the employment change in Australia expected to be bearish. Simple high Risk and reward potential trade.
Hi traders, EUR/USD has finally managed to break above its recent high and reach 1.1080, signaling that buyers are still active in the market. The recent consolidation phase could now provide new momentum for the pair to reach our profit target of 1.12, as projected by the triggered bullish wedge pattern (and projected from the breakout point.) The 1.11 level...
Cup and handle break. Cup provides target. Stop loss below trend-line break.
entry at 1.10207, looking at a pull back soon to start then a continuation of pattern up to resistance 1.10732, stop loss tight, lets go!
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY SMP Strategy Chart time frame - H4 Timeframe - 2-4 Days A – Activating Event Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @...