This pair just did a retrace in its clear uptrend which is why i am now looking to long it. Look left to find additional support/resistance in the blue box. If the hour prints a pinbar i will enter for a 1:2 risk:reward. Clear and simple, just like we want it! Goodluck guys, hold your thumbs!
After 52 days of consecutive downside action from the most recent high (daily) , is this now time to go LONG and back the bulls?, here on the 4 hour chart we have a nice double bottom play out and i believe we are heading back up to retest the 38.2 retracement. in confluence with this particular FIB retracement on the 6th of july we located a minor area of...
Just entered this trade on the short side. We saw a nice rally in this throughout this week which i was able to catch successfully. I believe that upside bullish momentum is over and anticipating a correction nearing the inital breakout area Expected Target is around 1.5190
Over the past few weeks, GBPUSD has been channeling after it broken the downtrend that started from the last of this month. This is a pure technical momentum based play, where im expecting price to test the high it set lsat week. Price target is around 1.5640
I tend to think we're going to see another leg up, but from my study here, it could really go either way. I'll let the Fib Speed Resistance Fan dictate. I like to wait for a confirming close beyond the .114 to help with my decisions.
I was in a long position on this which i was stopped out on friday. I usually ignore the friday closing hrs due to lack of volume but price seemed to fall during the last few hrs and i ended up taking a short play. This is a classic retracement play coming off a period of consolidation (which i originally thought it was going to break higher) but I reversed my...
Nice uptrend at the moment. Even doe price has had a slight pull back my views on this asset are still bullish . Just waiting on some more confirmation before i enter.
After a stacked engulfing bull bar, price looking to breakout after 2 perfect consolidation bars.Triggering @ 1.6276. Looks clear to 1.6450 for ~ 175pips with stop at 1.6235 for ~40pips risk.
Tested down trend channel resistance and failed to break. It also hasn't hit the lonnger channel support yet. Plus the STOCH is hanging in the oversold area and about to crossover.
price and short term EMA just moved above my long term EMA. We might see some price pull back to the long term EMA, which now should become our support. I would like to see the mid-term EMA rise above the long term, and then we can start following more momentum moves up.
Buying pressure on the 1 hour with a solid resistance area around 102.36. Possible squeeze if we see 20 EMA carry price in addition to lower volatility near resistance of 102.36. First target would be 102.52 and second target would be 102.62.