THE STRUCTURE IS STILL TECHNICALLY BULLISH BUT THE PREVIOUS IMPULSE UP WASN'T VERY STRONG. BUILDING PERMITS TMRW AND THE FOMC STATEMENT ON WEDNESDAY SHOULD DECIDE IF EUR TAKES ANOTHER BULLISH IMPULSE OR IF USD IS READY FOR A REVERSAL. FOR NOW PRICE IS CONSOLIDATING, FINDING STRONG RESISTANCE @ THE 1.20 QUARTER POINT.
looking to buy near the low and support as described on the chart. Best of luck :-)
EURMXN Bullish Engulfing at support, potential move to the upside from the 21,103-21.186 area.
Bullish Pin bar at support, potential move to the upside from the 1.46966- 1.4759 area
A BREAK AND RETEST OF THE CTL IS SHOWING CONFLUENCE WITH THE 61.8 FIB LVL. PRICE ACTION SHOWING CLEAN UPTREND. IMMEDIATE PRICE TARGETS AT $15 AND $17.50
USD/JPY is an overall bullish trend, which retraced until it reached a very strong support at the level of 110.170 and bounced back with confluence and its currently heading to resistance level of 115.373, place where I will place my TP. Due to the strong Buying force the dollar has gained my SL will be placed at 111.439 as I believe it will only start to apply...
Looking for a pullback into 81.00 to sell for a short term trade down towards 80.40. If that level folds another run for 79.80 is likely.
Elliot Wave Perspective of Crude Oil. I am interested in trading the Wave 5. Also the price action near 38.2% or 50% retracement level will be taken into notice before entering the Long . Roughly Long @ 48.74 Stop Loss @ 46.99 Take Profit @ 53.00
Elliot Wave Perspective of Crude Oil. I am interested in trading the Wave 5. Also the price action near 38.2% or 50% retracement level will be taken into notice before entering the Long . Roughly Long @ 48.74 Stop Loss @ 46.99 Take Profit @ 53.00
Reason for entry: Trendline pullback and weekly resistance My personal view, always trade according to your strategy/plan! Stop loss: 1.32850 Entry price: 1.32263 Take profit: 1.30750 Risk/Reward ratio: 2.58 % of equity risked: 1.2% of equity Please comment and share your view, thanks!
Looking for downtrend to continue. Price is at a key supply zone looking for it to confirm this supply level and bounce down.
Range bound for the summer but looking for a good retest of the highs and supply level at 1.012
looking short on the GBPAUD as we are coming out of a daily/ weekly supply zone in the direction of trend. We do have some fresh resistance here on the daily and lower timeframes but I think it will break as the trend continues and we retest the weekly demand zone @ 1.6850
Lots of consolidation here at this trendline that I drew to the downside off the weekly but it looks like price is finally confirming the trendline bounce off the weekly / daily supply levels.