Now that the price has not been able to hold the 1.1071 area, the market is confirming the inmmediate downtrend, the first taget could be placed around the 1.09800 where is located an important level of resistance, and also close to that area is the Lower Limit of the Trend Channel where one can expect to find some demand, in this order of ideas there are two...
Looking for trading opportunities at Swing Points
Waiting for pullback and a price action pattern in order to enter short looking to ride the overall downtrend
The EURUSD has been recently trying to retrace after a massive 3,500 PIP drop from May of 2014. During this retracement, a nice Flag/Channel was created and then broken to the down side. Most recently the bottom of the channel has been retested and it looks like the EURUSD is ready for the repeat of history in one of the greatest free-falls in a while. The...
BAT PATTERN PAIR: EUR/GBP TIME-FRAME: 1D TRADE: BAT PATTERN Good morning traders. We have a nice Potential Reversal Zone on the EUR/GBP Daily time frame. I don't personal trade the daily, but will need to look for a case for entry on a lower time frame. NOTE: These are potential trade opportunities. Please re-analyse the trade before...
After the Fail Bo of the resistance area + some clues of rejection (Black Arrows) + If the price is unable to found demand around the most immediate Uptrend channel then I will enter short --- Target the 1.366 area
-ABCD IN PLAY -HEADING DOWN TO MAJOR 1.0960 SUPPORT AREA / 0.61% Level -HEADING TO SUPPORT TREND LINE AT THE 1.0960 AREA But be careful with this trade, wait for a confirmation (Price Action) before entering this trade, because the dollar index is showing a different story on what could happen to EUR/USD.
Trading Context for USDMXN: Explanation on the chart
Overall movement: Downtrend Looking for a trend continuation trade at the key area of 113.30
Context: Downtrend Close to a resistance Expecting a continuation of the general down trend
If the price breaks 130.00 and trendline, then wait for the pullback back to 130.00
Is the Aussie still bearish? could we expect a new low. We have just bounced off monthly Support level. As the trend goes we are still bearish but higher time frame analysis and experience shows we may move into bullish trends.
GARTLEY PATTERN PAIR: EUR/NZD TIME-FRAME: 4HR TRADE: GARTLEY PATTERN Bit of a long way to go on this C-Leg, but we still have a potential Gartley Pattern on EUR/NZD NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: ...
AUDNZD has been shaping up an Inverse Head and Shoulders patter on the Weekly chart. The pattern is not yet complete but we still have potential LONG opportunity ahead. Price has broken structure resistance of 1.0880 and looks like it may be making an attempt to retest as support. If that happens, this could leave a nice Price Action signal for Buyers.
Waiting for the 4 hour candle to close in about 15 minutes. If the candle closes above this resistance, I will be keeping my eyes on this for a possible retracement to the 1.4565 low of 2015 where potential Sellers may find their suitable price. Trade idea: waiting for price to break above the structure level, then a retest to confirm price is ready to rally.