Price has almost done its full daily retracement. Price entered this zone again that has been acting as demand/support. No candle close below this zone. Potential double bottom at zone and overall bullish trend continuation.
- Low of the week - Carney speaking 10:00
The GBPUSD has reacted off a potential BidZone although nothing is confirmed yet and the door could easily open up for a continuation of the weekly trend lower. Time to prep for a potential reaction higher and lower to be ready for each outcome if the setups play out.
The EURUSD came under pressure overnight after some disappointing data out from Germany which cements expectations for a more aggressive ECB. I expect to see further pressure on the pair as price moves from a strong OfferZone down to a BidZone around 1.0930. Would expect a few buyers to be trapped before a shoulder builds the sell entry setup.
The USDJPY in under pressure off the highs so we expect to see the move continue lower. There is a lot of fuel (buyers) stacked up and ready to feel the pinch when the action turns sour. We expect to see the current anchor at 107.800 hold and sellers to pile in and extend the move down.
The AUDJPY has been on the hunt for support for a while now and we see the potential for sellers to continue to march to our BidZone around 58.000. This would mean the pair has fully extended the first leg down off the highs around 104.000 which is when we expect a reaction from the the buyers to put the squeeze on the sellers built up on the way down. The chart...
Short trade currently live $1.3270 x $1.3310 RISK = 40 pips TP1 = $1.3150 R:R = 1:3 I believe we can see the $1.3000 monthly support level so I will potentially hold a portion of this trade as a swing position for a 270 potential pip profit *This is NOT financial advice*
My details (1) Entry @ 1.23950 (Buy Limit Order) (2) Stop loss @ 1.23230 (72 pips) (3) Target @ 1.25830 (188 pips) (4) Reward:Risk = 2.61:1 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
My details: Entry @ 1.10525 (Sell limit order) Stop Loss @ 1.10895 (37 pips) Target @ 1.09355 (117 pips) Risk:Reward = 1:3.16 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
I see the trend continuing as shown, higher lows to be pushed to support at 1.25000, been caught on small day trades and misdirection from this pair today so decided to take a step back and look longer term what potential the stock has to offer! good luck
Hello Traders! We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for...
Hello Traders! We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for...
A high risk reward is offered to us on a bearish pair (because gbp is) by technicals (horizontal & diagonal supports). + ~38.2% retrace + typical ABC correction: Price is reacting as I type this, I wasn't fast enough. Doesn't mean it won't go back to 1.24150. Here is a very good entry to have a huge RR. SL ~1.2445.
USD is lose power thing on oil coming in place, today FOMC event. CAD is gain power from oil prices get higher. This pair is saturatet we can exect higher chance of down trend. TP1: 1.32200 ENTRY: 1.32430+- SL: 1.32780 Chart time frame - 1D Time for reaching TP - 8 - 72 hours More information soon! Follow, Like, Share or Comment Thanks on supporting! All best!
While other central banks are easing, the SNB keepT rates on hold, reiterating Swiss Franc remains overvalued, Adjusting the basis for calculating negative interest. The reaction has been a consolidated push higher for the CHF and we like selling AUDCHF on the back of this news since all big banks in Australia are now expecting the RBA to cut rates at the next...
Elliott Wave view suggests the rally in Nikkei from August 26, 2019 low is unfolding as an impulse Elliott Wave structure. In the 1 hour chart below, the rally to 21890 on September 13, 2019 ended wave (3) and wave (4) pullback. Internal of wave (3) unfolded as an impulse in lesser degree. Wave 1 of (3) ended at 20800 and wave 2 of (3) ended at 20416. Up from...