Quite an aggressive entry after rejection of immediate resistance. Monthly Resistance at the round number of 1.0700 so stops above that level. Targets at 61.8% retracement towards bottom end of the channel, 2nd targets down at the previous swing low
Strong bearish price action since start of the week. I am looking for a possible final push (exhaustion) into the long term support around 1.5950. Looking to get short on a pullback towards 1.61 with first target at the bottom of the corrective structure around 1.6050 and in extension a final target around 1.5950.
If we are looking yesterday, no trend for eurusd, but we need to follow trend in D1. just open SELL.
It reached strong daily resistance and after rally it is expected to have some sort of correction
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.
Price has made it all the way back up to the top of the daily corrective structure. For now I anticipate this structure to hold. I used a parabolic exhaustion move into the 1.45100 level to enter my trade. Will take first profit rather quickly and move my stop down to 1.45150 if this rejection looks healthy. Final target will be at the bottom of the corrective structure.
Pound currently showing weakness against the dollar. My longterm view of the pound is that it will see 1.1500 next year and aren't really looking for too many buy trades until it proves its got strength. However in the mean time it is sitting in a precarious position above 1.22500. A break of this level will see us down to new strong level of 1.2500 which has been...
Signal short gold at 1164.00 from private analysis share group. Most of my analysis are based on simple Price Action (PA) and Ichimoku combined with BB.
Looking to short this pair if we get a pullback towards 0.8520 without breaking the lows around 0.8495. Primary target will be around 0.8500 with extended target all the way down at 0.8400.
waiting for confirmation of break of the current monthly trendline support, after that a good move to the downside to price 1.28256, that support will be tested for a further break to create the new lower low in the monthly perspective.
We are in a quite important time for gold at the moment, My view on the commodity is bearish longterm down to potentially 840.00. That said Gold is currently showing another short term selling opportunity opportunity. After breaking 1200 last week (which I called in a previous previous gold post) we are currently retracing slightly back up to that level once more....
Explosive fall is about to begin . Demand decrease @ $0.745 . A lot of buyers trapped @ $0.738 just above support. Because Money Flow is down, our Odds are for short. 1:6 risk:reward trade (take half when 1x profit)
NZD/USD IS displaying a large head and shoulders pattern on the daily chart. This trade at the moment is presenting an excellent risk reward of 1:4.5 should the market retrace slightly back to structure after selling off at the end of Friday. if market does not retrace and continues lower a strong 4 hour close below 0.70005 will also present an opportunity with...
Thia pair has been inside a channel since 20th october and the price has reached the top line. That may result in a down movement. Furthermore, the MACD and RSI show that there exist a divergence that also may cause a down movement. Main trend is bearish and it may go down. There are many proofs to say the price is going to fall and there is no any proof to say...