US news dominates this week and therefore waiting for how price reacts at key levels is key to success. At present price has rejected new lows and is hinting at a retracement which will likely be to the 50% fib level. With that said a continuation of the downward trend cannot be ruled out with Yellen due to speak Tuesday afternoon and Carney Wednesday morning,...
As the title describes. Price got a bullish AB=CD pattern completion. We got a nice demand area and trendline support. Non Farm Payroll coming out today, so this is my toughts. Holding a few long dollar positions going into the report based on this analysis.
My next bullish target is 1.48000, given we see the right market conditions. I'm anticipating an overnight retracement and possible consolidation, followed by a reversal within the green zone drawn around the 1.4520 area, with a rally up to 1.48000.
Bearish Channel – EU hit 3. top - still bearish trend Awaiting good/better data for the USD. Anticipating the destabilization of Europe with its currency EUR. SL above first top in the bearish channel EP @ 1.06838 TP @ 1.0750 - 1.0650 - 1.0500 RRR 1.77
As outlined in one of our precious posts we suggested this pair looking short. As we have key fundamental data this week such as pending home sales, non farm pay rolls and many other macro economic data. I believe this data would drive the market down. However, as you are all aware I am primary a price action trader and use the fundamentals just for timing. As...
The price has return to the new support line I drew, crossing triangle resistance line (blue). I was hoping that this line will stand, but it hasn't. So the main point of this chart for me is this big white bullish candle. It has long lower shadow. What caused it? The RBA interest rate decision to stay at the same level as earlier (2%). Before announcing this,...
Looking Long on this pair careful on how much you invest as NFP is released today. Read description on the linked pair EURUSD i have attached for further details.
Junk bonds are typically just that - junk. But, the iShares High Yield Corporate has been one of those crowded trades that just do not die. After witnessing the immaculate short squeeze from 1,864, the SPX staged an impressive rebound. But as I mentioned earlier today (on my InvestFeed - link below), the SPY is looking weak, and the ADX, which measures trend...
1.Price has been making lower lows and lower highs 2.Price has been extreamly bullish in october since its been fluctuation 3.now price met strong RES its dropped and has been bearish for the past 5 days 4.price broke through trendline and now resting it also be careful of non farm news out on friday so therefore i believe price will make another low with a...
EURUSD Non farm pay rolls analysis. If the NFP is negative for the USD we would see bullish momentum to our upside target of 1.12500 (possibly higher). If NFP is positive for USD then we can see movement down to our targets of 1.1000-1.09500. We have our safety and management levels in place which would help us determine where to enter the market. Trading the...
I have highlighted daily support areas which are confluent with Fibonacci levels. I lean towards the Bearish side, however I would not discount the Bullish targets on screen, especially with announcements from the US today. The bullish or bearish move will depend largely on price action and candlestick confirmation for me. Another reason for leaning to the...
This announcement takes precedence over other forms of technical analysis: candlestick patterns, pivot points, etc. Instead, time leading up to the announcement ( minutes before ) & the larger trend becomes critical. During this period, other forms of technical analysis (Pivot Points & Elliott Waves) take a backseat.
USDCAD VIDEO (www.youtube.com) Obviously I'll be playing the sidelines today due to the Non-Farm release, but for you longer term traders, we've broken past our B leg which means it's time to pay attention to the bearish Gartley. This particular pattern comes in at a very nice level of structure (looking left) where price consolidated in the past before a...
Looks good for short entry as US dollar is extremely strong and cannot make a move to the downside for sure so i think news in gonna come bad for the eur and good for the usd so smart trading this eurusd pair for 1100 pips profits in few minutes. If you like my idea do subscribe and join my youtube channel as well as my daily forex webinar happy trading.!!