I see a potentially massive move to the downside since interest rate sentiment for the pound has continued to be dovish. I can see bearish ramifications due to weak fundamentals. Looking at technicals, the pair is headed to a major zone which may present a great entry off of the 61.8 fib level for a massive swing!
Shoud we trust Fibonacci pointing at 21700$ level?
Everything is plotted. wait for the retest. watch out for the 14th, aussie fundamentals will be released. Take prof is plotted as well. trail stop as you go.
although i have plotted a take prof you will need to monetize this as this currency is in a bull market and has been and i dont think it will change soon. be sensible on how long you hold this trade for.
The bias of the bearish momentum is now back in motion. I have plotted all you need to know on the chart. head and shoulders. broken through a previous support region. I recommend you [ b]hawk the 4 hour chart and wait for a strong reversal candle once the price action reaches the baby blue ray i have plotted as that is what i will be doing . Don't...
forming HH and LL a nice swing pattern to go short also on the daily SL: 1.18247 TP: 1.15891
Good technical set-up to go short this pair, but the fundamental announcements coming out tomorrow on super Thursday are going to cause high volatility. I am sitting this one out.
Looking for the BOJ to continue the dovish trend to weaken the yen. Looking to continue the trend to a 1:2 risk/reward ratio. Enter @ 88
Look for shorting opportunities if prior support turns into resistance. On a fundamental side, NAFTA will start to be negotiated in less than two months. News regarding NAFTA can make this pair very volatile. Remember to use at least a 1:2 Risk/Reward ratio with proper risk management. I love Comments and Likes!!! Collaboration? --->>>> traderkevin101@gmail.com
short-term trade going long on the EURUSD once it confirms a bounce off the trend line already established as resistance now testing again for support. Likes, Comments, and follows are appreciated! :)
Watch out for the Head and Shoulders play on this pair. Everyone has a different way of trading this formation, watch out for this pair when it moves closer to resistance (or the neckline.) Follows, Comments, and Likes are appreciated!
Looking for a long set up on the NZD/USD -0.21% . Four parallel bullish channels mapped on the graph and the pair is bouncing off the longer term downward channel . Scroll out for a better view. Follows, Comments, and likes are appreciated. Kevin
Looking for an opportunity to get short this pair on the four hour chart. If the US comes out with bearing numbers tomorrow it will be a good opportunity to get into this position. Other places to look for USD long exposure is the USDCAD For a longer term set up. If you have a bias against the dollar look to the EURUSD for a long position off support. -->>...
looking to buy off support once the symmetrical triangle is broken on the 4 hour chart. Comments, Questions, or collaboration? ---->>>> traderkevin101@gmail.com
GBPJPY Daily Chart - Looking to go long if price stalls near 61.8 (PRZ) - Monthly key level (140.000) - Weekly TL confluence - 600 Pips from C to D Second Scenario - Bullish ABCD AB: completed BC: completed CD: Valid if price breaks past 140.000 D leg should terminate around 132.500 Have a great weekend!
Double Bottom - Almost break of the neck line. Look to enter retest of the neckline.
Quick first glance idea, Price had been pretty sideways on USDCHF for the latter part of 2016, and in the last few months it broke above resistance, which led to a rally all the way up to a previous yearly resistance level. It is now coming back down to retest resistance as support , and price is bouncing off the zone. Also, taking a look at the 1H chart,...