Last post: April 26th. See chart.
Review: A retest as support was expected following a break through key pivot resistance.
Update: The retest was sometime in coming. A break and close above May resistance is now needed to suggest a trend continuation.
Conclusion: Standing aside for now until the breakout and trend continuation has been confirmed.
Any ...
Giving last months Carney speech about Interest rates talk being halted due to Brexit talks - Needing clarity on where the country is heading before giving an overall economic out look.
In terms of the Currency The Pound Sterling - Investors are mainly concerned about Brexit & Interest rates, as the bullish rally on the GBP was because the central banks said ...
nice looking price action. As you can on the weekly timeframe price reversed and started making Lower highs and Lower lows. The price is making upside down flags since it is on a bearish trend. As you can see the channel of the flags (correction) the support trendline of the channel has been respected 2 times and on the 3rd time it broke and made a bearish pole ...
As I've been trading and observing the market catching some really obvious set-ups on the Euro's & Raw Reversals on the GBP.
For now my eyes are fixated on CAD/JPY, seeing how the high GDP Growth on the CAD has aroused the Investors to feel extremely confident with the CAD and on top of the fact that Trump himself said there's no Trade Tariffs with Canada - ...
Expecting further downside targets for AJ, 200 EMA illustrating further downside momentum.
- Other confluences are overall market structure clear LL + LH being printed in the market, recent PA showing a pull back to daily structure levels 2-3 Days of price action
stalling showing *Dragon fly doji* which is a reversal candlestick patterns
At first I thought that the USDZAR downtrend had been halted and a new uptrend started. However, price has respected a previous important high (August and November 2016)and has quickly moved down to just break past and sit at the previous low set March 2016. Currently it looks more like a long term range forming. The latest up moves were from potential ...
Technical level on CAD/JPY With some nice price action signals being formed on the hourly between 88.000 & 88.250
Also these price levels are significant as they've been re-tested before as a support, now presently being re-tested as a resistance
Recently CAD/CHF was in a consolidation zone for quite some time, showing that there's been a moderate level of supply and demand.
earlier on this year CAD/CHF Broke out of that consolidation zone, showing that the demand has no increased, with supply increasing as well, this confirms that CAD/CHF Won't be looking to drop back down to that consolidation zone, ...
The JPY has been moving quite heft and strong over the past weeks with the Nikkei 225 also doing re-tests so we've got some action happening in the JPY - The USD has been manipulated heavily throughout 2017 with the USD Appreciating more than de-appreciating, but it's come to a level of exhaustion right now and we can confirm that because the market retraced at a ...
I am Currently going SHORT on this pair and taking 1.38000 as my overall target.
On the Daily Time frame here we have seen a Head & Shoulder Formation with price recently breaking the neckline and finding some Support just past the Monthly Key Level of 1.46000. I was expecting a pullback to have a retest of Resistance before Sellers taking back over and this ...
As tensions and current weather conditions in the US seem to be easing we are potentially seeing some USD strength.
Technically we see EURUSD coming lower. If we see price move into the 1.1870 we will be looking for bullish price action.
If we see price close below the level we will be looking for a continued short opportunity into the support of 1.1725.
The chart shows coffee in a weekly chart over a very long period of time. At the very least, you can see very clearly how important it is to draw support and resistances and trend lines. You can clearly see the trend line that has already been successfully tested more than 3 times. However, there is also an opposite trend line which limits the coffee price into an ...
EURTRY has been clearing up-trending for over a decade. The upside momentum has been significantly stronger in recent years, as seen by the more aggressive trend support lines. How long will the upside continue? Is price finally reaching a high?
The main reason for me wanting to open a long-term short on EURTRY is the positive swap rate. I personally believe that ...
Validated confluences
1.Daily trend line valid
2.Resistance broken support validated
3.Trend Trading
4.Profit margin 1:3 (minimum)
5.Price action hit support zone
