Ever since the start of the year we have seen a bounce back higher for oil ever since the massive drop late last year. That consolidation and the pullback higher can be seen green line being cracked finally in the last couple of days. Because of this and along with all the things going on with the EURO right now, I am anticipating a further push down to a...
After the NFP USD rallyed but didn't take out the lower high im expecting consolidation back to arcs the next week before retesting the Major High Creating a nice dobbel topp. Im Long USD until the purple arcs are beatn. On the other hand If this Lower high Holds my previous post is still intact. GL Trade safe :)
Background: This pair shows a nice uptrend and we currently came to an halt at a very important key level @185 ,which is the 50% retracement level of the downmove from 2007-2009, price reacted at this level but we didnt rejected it , ie. price is holding its gains thus far and forming a range, where the resistance is @185 and support is a former broken...
Background: Price found enough demand to halt its current downmove @1.46300 where the current minor rally broke the (red) supplyline indicating that demand outweight supply at this moment , the rally stopped near the current high @1.5552 which can bee seen as current resistance which needs to be overcome in order to speak for returning strenght to the market ,...
Price retraced back into important structure level. expecting selling pressure here. RBA gov stevens is speaking later and if hes dovish we should easily come down to atleast the swing low.
Price action analysis of AUDJPY, considering long term key supports. If the price reversals on any of them, cut losses, book profits and get the hell out. Remember that it may reverse in the first level, so keep the SL's tight. Safe trading.