Last week we saw not one but two SURPRISES in the market. Moving forward into next week, we are expecting a more active week in the markets. The focus will be on JPY, GBP, AUD, CAD and EUR; well basically almost all the major currencies. Read the full blog here: www.alphaplay.com.sg Watch this week market analysis here: youtu.be
EUR/CAD hovers around the 1.46 handle, intraday bias lower. Symmetric triangle pattern on 4 hourly charts. Pair was rejected at triangle top. Techs support downside, RSI and Stochs biased lower. Focus on final manufacturing PMIs in Euroland ahead of the speech by ECB’s E.Nowotny. Major support levels - 1.4588 (4H 50-MA), 1.4555 (20-DMA), 1.4540 (triangle...
pretty self explanatory here. This exact pattern happened just recently on this chart and worked beautifully, as i've illustrated if u zoom out or scroll back. should be fun! Enjoy
Good Buy Opportunity from this support cluster We can take entry with proper stop loss and take profit.
I don't like lines. I prefer zones. The logic between my idea is bulls are going to cut their profits. it means they will sell. and I want to sell w/ them. my entry is when RSI comes back to 70. If I lose it means there will be another oppurtunity on this pair soon.
Entered long position on the 50% retracement of the hammer candle following a steep impulse move Aggressive entry. Hoping to see a close above the hammer candle high and the yellow line support area
Still tracking this bastard, which I think is putting in a bunch of threes. I'm looking for another swing higher from the 1.4400 area, still aiming above 1.48x.
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Read text written in the chart.
are we able to see a nice short here?! entering after trendline break or strong bearish PA candle... upward trendchannel ...touching the ressistance from daily point of view and we see rsi divergence...odds are good for a short trade here....if ressistance cant hold set up is invalid.. stay patience and alway be winning ..
Potential retracement to hit 21-period moving average as support to continue bullish movement following the earlier reaction to the economic news in germany. (note: ADX also lies above 15 level signal strong trend) www.dailyfx.com
Looking for one more low to complete wave Y of (Z). Bullish above 1.418x