I am going long on Eur/Usd. I think eur/usd will break down to around 1.11684 then price will go up to around for 1.12800 area. With dxy dropping at a fast pace on Friday a pullback might come when the markets open which supports the idea of Eurusd going down a little before it goes up.
Following a 1000 + pips move up, we are finally seeing price pulling back.
Should price stay below 1.7390, then look for a formation of a lower high on the 4HR before a push down.
Any potential move down should be treated as a Daily Phase 2.
We will be waiting to see how price reacts around the 4 hour 50EMA
If there is a rejection from here we will be watching the 1.4860 level to taking a sell position which would complete the right shoulder on the 4 hour time frame.
GBP USD Buy limit
we are aiming for an entry of 1.21100
with an overall goal of 1.22500 providing it hits entry.
at the 25-30 pip area you can move your stop loss to you entry any further updates sent privately
SELL – BP (BP.)
BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company's segments include Upstream, Downstream, Rosneft, and Other businesses and corporate.
BP’s second quarter earnings came in flat as increased production offset lower oil prices....
We may have a short consolidation period whilst we wait for the SMA's to complete their moves, however downside seems to be present for this pair on a mid to long term basis based off of the death cross beginning to form on the daily time frame between the 50 and 100 SMA's.
Further we have a clear rejection on the fibonacci retracement scale, acting as...
EUR AUD Sell
all updates on when stop loss will be moved to entry will be sent privately.
It is recommended to move your stop loss to entry upon +30 pips being hit.
Daily time frame-
Price has continued to move impulsively higher, going through all fib levels, resistance and previous daily high. This invalidating the daily bearish structure. We waited for pull...