Hey traders, i've been watching this pair for a shorting opportunity for a long time. After banking some pips in a double top opportunuity we saw the market continuing to rally. While price's heading up, power is becoming lesser and lesser, as we can see on the RSI. That tells us that maybe a reverse is ahead. As soon as price touched the .618 level it's put an...
Price made bige move down which You can saw on H4 chart, now made correction, remove last valley, retracement and possible next move down. Pending sell order.
Similar situation as on CAD/JPY, potential secound move up. Long position opened.
Price created very good imbalances, so I will wait when it will end and then will look to price retracement to FIBO 61.8 to go long.
Spotted a nice bullish trend in USDJPY lasting for about a month and 9days (07/11/16 to 15/12/16) and now it seems to be having some retracement. So I setup my ranging market setup again but I'm looking to go short at Entry:116.958 (Stop-loss:118.624) if it isn't too late but if price levels has passed that level or doesn't touch again the I may enter...
Price remove last 'peak' from left up moves and creating new wave up. I will wait on potential retracemnet arount to FIBO 61.8.
TL+Fake break +0.618 fibo +Engulfing candle line on daily
WHEN LOOKING AT THE FIB LEVELS AND THE RESISTANCE AND SUPPORT LEVELS AND STRUCTURE OF THIS PAIR I THINK IT WILL START GOING DOWN TO ABOUT 1.54600 AT %50 RETRACEMENT WHICH IS ALSO A STRONG SUPPORT LEVEL. IT MAY COME DOWN TO 1.53800 WHICH IS AT 0.618 FIB. THEN IT MAY SHOOT BACK UP TO 1.60900 LEVEL WHICH IS IN STRUCTURE AND MEETS A RESISTANCE LEVEL UPWARD. IT IS...
BRAsil > -com a forte queda do dolar , no dia de hoje ele andou dentro de um tunel , amanha certamente ele entrara em uma forte queda . o REAL esta muito valorizado sobre o dolar . esperamos que o indice suba pelo menos 300 PONTOS USA > -with the sharp decline of the dollar, the day he walked inside a tunnel, tomorrow he certainly entered into a sharp decline....
FX:AUDCAD is currently in a symmetrical triangle, if the price breaks out to the upside, we are looking to short once it gets to the reversal zone, there we have a 618 fibonacci retracement plus a 1.272 extension in confluence with a very nice Supply/Demand Structure Point. Remember: Eyes on your mind not on your trade CORTES TEAM
Evaluating the strength of the EUR against GBP, comparing this to GBP/USD, August seems to be a key month where we see the beginning of a trend occur following economic events such as a recession, eurozone crisis, eu referendum etc.. Following events yesterday, the GBP has significantly declined in value and i believe below are a few reasons that has resulted in...
GBPAUD seems like it cannot go past 0.618 daily retrace so a long now seems like a good idea with great RR. You could wait for channel break before going long and pay attention to the upcoming news.
Long EURUSD @1.1254, SL: 1.1230; TP1: 1.1320. Reason: 1.1220-1.1240 is an important structural support lever, and the 0.618 retrace level. Let's see!
GBPUSD has developed a falling wedge pattern so going long after it closes outside it looks like a great idea
GBPCHF has developed a falling wedge pattern and is now at a key area that could push price outside wedge triggering a big move up.
Price is rejecting from the bottom of the channel and 0.618 fibo so a long here looks like a good idea.
Taking a long trade on this level looks like a good idea, we have 0.618 retrace and support,also we are very close to the bottom of the channel.