EURUSD Potential sell: There has been a lot of consolidation lately, However looking at 1hour time frame chart seems to be a possible bearish movement towards the support line (A) at 1.1371 You can see that it has been consolidating around the resistande and has already hit resistance (B) at 1.1400 about 3 times in the past day so should form pattern and hit ...
Here is a basic channel rotation. After visiting the upper band of the channel at the beginning of the year, it is time now to visit the lower band. I have a few reasons for that:
1) See the weighted average USD. It broke the wedge formation and currently visited the lower band of the wedge formation as well as the EMAs and Key Fibo level. I expect USD to get ...
Got majors confirmation,, EURNZD approaching 4hr trendline, could be a nice sell to psychological area of 1.68. 0.5% fibs located around current entry point of 1.6940 which could pose as possible rejection.
The 0.99 psychological target has now been fulfilled by the bulls with now what is looking like a possible turnover and bears taking control, will it happen? If the supports of 0.988/0.987 breaks I will be trading it all the way to the 0.98 handle.
Retesting the neck line of this slanted H & S pattern now.
Not my favourable slant and the entry will be heavily dependant on the close of the current session candle but a nice level.
RSI is pushing over bought too.
Will be keeping an eye on this level this morning.
Good luck in the markets.
Possible short from current area to support levels and if its broken could also give a shorting opportunity back all the way down to end of structure which will follow the prediction I gave earlier this week and also on thursday.
GBPUSD possible break/retest of trend line structure onwards to 1.28 psychological area.AS ALWAYS wait for confirmation before entries, remember your checklist students! Also remember fundamentals are strong for this week on GBP. Trade with caution this pair if you do!