EURUSD may likely be ready to make a new 2-year high after a break above the upper channel of the expanding triangle, a pullback will be an ideal long trade entry on this pair in order to reduce Risk/Reward. Expected a push towards 1.22000 before being rejected and fall to test a support (or the upper channel) again. N.B - Let emotions and sentiments work for...
FROM THE START OF 2021 WE ONLY TRADED UPWARDS UNTIL RECENLTY. WE MIGHT HAVE THE HIGH IN HERE WITH LOADS OF DOWNSIDE POTENTIAL ON THE DOLLAR. WE STILL NICELY ABOVE THE YEAR OPEN WITH A LOT OF DOWNSIDE IN PLAY TO REACH THE YEAR OPEN AND THEN CREATE THE DOWNSIDE FOR 2021 LOOKING DEEP DOWN BELOW 80 IT SEEMS WE CAN RUN DOWN TO 78S TO HIT THE MAJOR LIQUIDITY LEVEL....
Will be looking for longs during the rest of this year targeting 1.3000 Monthly/Weekly/Daily price action is looking really bullish to be. We still below the year open so such an interesting time to see how we expand away in the coming months. Will be keeping an eye on dollar weakness
GBPUSD prime for hourly upside, trading above the moving averages.
With EURUSD rejections at 1.21716, bears are now feasting on the pair targeting next support level below 1.19000 N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
With EURUSD breakout of the bullish wedge and for the bullish outlook to continue, the pair needs to rally above recent swing high at 1.21716. If this level is not violated, fibre will likely retest 1.19677, however if this level is violated, a pullback to the bullish engulf candle on 05/02/2021 will be the start of another upward movement for EURUSD. N.B - Let...
Now that EURUSD has breakout of the bullish wedge, the pair could possibly re-test the upper channel of the wedge before the commencement of another impulse wave to 1.23000 or above N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
One more leg down remains for fibre before it can possibly break above the bullish wedge. There will be selling pressure on the pair on reaching the upper channel which will likely send to to re-test the low at 1.19679 or lower at 1.19000. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
EURUSD is weakening on the daily timeframe and 2 levels to watch for an increase in selling pressure for the pair are between 1.22000 & 1.23000. EURUSD to revert to its mean. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
GBPUSD started 2021 in bullish wedge on H4, with the pair weakening, a rally towards the upper channel of the bullish wedge might likely be attacked by bears dragging it down to 1.34000 or below N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
The rising trendline on H4 that has been keep EURUSD in upward momentum has been broken with the last trading four hours ended in a rejection candle. The pair is expected to make a rally up (possibly towards bearish order candle at 1.22754 level). Any price rejection here could drag EURUSD further down to the long term trendline. However, a close above 1.23653...
Fibre closed this week with inside bar. This could be the first sign of weakness for EURUSD to revert to its mean. Failure for the pair to close above upper week "Close" (at 1.22524) in the next trading week, would finally signalled price reverting to its mean. ...Wishing you all Merry Christmas N.B - Let emotions and sentiments work for you -ALWAYS Use Proper...
Last two trading days candlestick for EURUSD ended in rejection, this could possibly indicate the pair is ready to pullback to its mean before another run up to 1.23000 as posted in our November 17 post (see below). However, with dovish (or rather a mixed) NFP report last week Friday, market reaction may look unpredictable short-term causing the pair continue its...
25112020 2 hours Pre FOMC - DXY and FIBRE Review
As shown with dollar review - see link to related ideas
With EURUSD breaking out of its bullish wedge, the pair could be ready to "invade the privacy" of 1.23000 level in coming weeks. However, before that, fibre could to either: 1. Re-test its mean (dotted blue line) 2. Re-test support at 1.65 level 3. Continue to rally due to declining dollar index N.B - Let emotions and sentiments work for you -ALWAYS Use Proper...
beautiful mirror image from Fibre following DXY
EURUSD main trend remains bearish despite the inside bar candlestick observed during last trading hours. The inside bar may likely cause the pair to rally up to test 1.6638 (or above) before starting another bearish movement. If however, the pair towards 1.17000, then we might witness some range movt before the downtrend continues. N.B - Let emotions and...