MT bias changed to bearish after the corrective structure failed to hold. Looking for a short entry on a possible retest of the structure.
Price was not able to stabilize above 1.3600 and closed strongly below last week. Sellers can look for short plays on pullbacks into 1.3600.
Sellers can look for opportunities around 83.60 to get short, targeting 80.40 primarily. Breakdown of the corrective structure would suggest even more bearish pressure.
Mid term and short term sellers can look for shorting opportunities on pullbacks into 0.9860...
USDJPY: USD pushing up against resistance here and a perfect shorting opportunity with a stop close by at 113.02 with a downside target at 101 in two more waves of selling over the Spring
Looks like a great opportunity to short the AUDJPY Pair. This has followed our strategy rules for a strong reversal thus far. Here is where we have our SL, TP, and Entry order placed. SL- 84.177 entry-83.982 TP- 83.407 With this same setup, on the GBPNZD pair, we nailed 148 pips on a strong reversal trade last week.
Having failed to build on Monday's bullish gap, the AUD/USD pair came under some renewed selling pressure on Tuesday and has now eroded all of its gains recorded in the past couple of trading sessions. With today's slide, the pair has now snapped three consecutive days of winning streak and is now pushing closer towards the key 0.75 psychological mark as traders...
65pip Short Watch out for high impact news however.
With a hammer candle being already formed in the daily and closing on top of the trend line with the RSI stating that this pair is oversold. I am highly confident of this pair being a buy and will hold unto this position till around the 85/86 levels . P:S Fundamentals is also saying that there is a lucrative deal occurring for Australia in increasing...
GBPCAD, Short on the 8TF. Trade took on the small indecision candle off the trend line bounce. Looking for a 2:1 Trade on this currency to the next support level
Looking to profit from this strong counter trend move which is followed by a corrective move, indicating the sellers are still very present. Looking to enter at current price with multiple take profit levels. 1st: ~1251 2nd: ~1248 3rd: ~1244
A doji was formed around a strong resistance line on the 4hr time frame. I am comfortable that a drop will occur and will I hold unto this position until it reaches the 50% Fibonacci line. In which I will conclude if this position has potential to move further down. My stop loss is above the resistance line.
Even though we are in a bigger range, price is consolidating at the bottom, indicating a possible breakout to the downside. I would not take the breakout itself since chances are good it will result in a false one. But if we get a retracement to the upper part of the corrective structure I'd look to go short with first target around 1.2450. If we break that...
hey guys dont open any postions now and start sell's 18.250 to the nexst target i have orrdders to sell for me to 14.25 for long time and will good and after that fist sell open another sell after first one at 17.90 both take profits are 14.25
Looking for a quick play during London open and a re-test of the lows in this corrective structure. Not shooting for any extended targets though since we are at a solid support level and have not had a healthy retracement on the 4 hour chart yet. Once we have that I think we will break through 1,7050 and see lower prices, down towards 1,6950 initially.
The price action on both the higher time frames and the 1 hour chart speak of a possible sell off once London opens up. Small and well defined corrective structures on the 1 hour chart like this often are followed by a strong move once the order flow and liquidity re-enters the market. Let's see if it manifests. 1.65 is a good initial target area and if that...