GBPUSD Sterling/Dollar Long Term Trend Change GBP effectively double bottomed nearly a year ago now. Since then it's been travelling in channel whose penultimate rally recoiled very precisely from the long term dynamic which has clipped all previous rallies back as they rose to touch this powerful last line of bear defence. Below that line they have...
NZDUSD has created a good short trade setup on the daily chart, according to my trading strategy. A strong bearish engulfing pattern, at the bollinger middle band, also breaking through a strong resistance line and two resistance levels. The bearish candlesticks are also stronger than the previous bullish candlesticks. However since this is a trade formed...
I think we'll move back to 112 as a pretty good trend has been broken. With 2.5RR a good trade
USDJPY has broken the lower trendline on the 1H chart. Advisable to go for a short here and target at least the 61.8% retracement.
On the W! chart, duplication of first bearish leg is expected. Price moving lower now after respecting the weekly channel.. On the D1 chart, price broke the uptrend line and duplication of first leg is expected. On the H4 chart, we will be looking for the broken trend line to be retested and corrections towards the zone 1.3390 – 1.3440 which will provide us...
DXY: Dollar index has broken down and is now facing severe selling pressure down to 96.8, if not to 95.85
EURUSD broke the trendline. Now we are looking for price to consolidate sideways before breaking down. I think NFP will drive price to target. Trade with care.
there seems to be a falling wedge with some opportunity to do some scalping on the bearish movement before it retraces then head further down. keep at high out to go long as well when it reaches previous support level. but for now go short and make some small profits.
EURAUD broke the downtrend. It is now pulling back to retest that trend with an advance pattern formation. These are usually good indicator to buy. I am expecting the retest of the weekly trendline. This is a swing trade. It is better to trade in between swings as well, with the intention of buying.
Price seems to be bearish, reversing from the bullish market. However, A lower high and lower low has not yet been established. Placing this pair on my watch list for now.
So we have a broken support TL that had 4 points, so it is reliable. Not that it is broken, I will be looking to short for about 35 pips.
The setup I posted earlier this week failed, as AU did not go down to form the second shoulder of the inverted Head n Shoulders Formation. I refitted my S/R area to 0.7500 - it is a psychological area So last week, price broke 0.7500, retested it on Wednesday, and then formed a strong bullish candle 50 pips upwards of that zone. Friday's candle ended as a...
AUDUSD Weekly UP Channel broken, nice NOVEMBER Short working Overall looking for confirmations to ADD Shorts Maybe some small Long Positions till potential reversal points X-Mas + New Year + January Merry Christmas and a Happy New Year :)
For this setup, It is best seen on the daily and 4h charts, but for the sake of this analysis, I am looking at a last kiss (retest of broken zone) setup. On the daily chart, price broke through a significant support level, and is now going up to retest it. In my opinion, when the current 4h candle closes then that will be a much stronger signal to short than...
NZDUSD: Selling at fresh supply zone in previously broken demand zone.
EURUSD: Selling EUR at Supply level (previously broken support)
Its going to be a very, very interesting week for the USD/CAD. The pair has not seen 1.31808 since March 30th. It was tested in late July but rejected, and also tested on Friday, but soon rejected. The pair has been in an upward channel since early June, for the channel to continue, 1.31808 will have to be broken.