After the tight squeeze on lower time frames of price and finally the break of its most recent low we can see that "Nzd/Usd" has broken out to the downside, this trade was executed due to the break of Wednesdays daily candle a simple 2 bar setup. We have major resistance at "0.7300" while price is under traders should look to go short on any sign of strength,...
After the release of news yesterday we seen the U.S Dollar move lower surrounding speculation and uncertainty.
I have broken down this pair looking at it long term and we have two scenarios
1. A possible rising wedge, a break of support "1.2900" and we will have a clear bearish continuation with sellers looking to break "1.2500" and then attack "1.2000"
The "Euro" put in a Shooting Star candlestick on a test of resistance against the British Pound.
We could possibly be looking at a bearish move.hinting a turn lower may be ahead. A reversal here may give us a right shoulder with will then proceed to give u a "Head & Shoulders" formation which began from around late June. The current setup that is shown is a simple...
Among the ECB speakers due out over the coming days, President Mario Draghi’s will have the most impact this coming Thursday. Last week we seen this pair basically move sideways, with no direction and then finally broke out to the downside. Overall I am bearish on this pair, during the London open we seen this price retest the "1.1200" area, which allows those...
This move was taken due to analysing price action and the momentum of the market on the (4H) chart we took a 2 bar setup that was actually at support. We could potentially see price move down to Support at "1.7100" I currently have a trailing stop loss to lock in some profit if price moves against me.
1) Supply & Demand taking place
2) Retest of major and historical resistance
3)Within a a bullish channel which is ready to rally and break out.
Expecting price to rally back to major support/ supply zone of 0.8752
Leave a comment, like and share.
Earlier this chart was posted regarding a bearish setup, resistance was set around "1.3250"
This trade was taken due to the break out on higher time frames and a pin bar (1H)
Take Profit: 1.3100
1) BROKEN A DESCENDING TRIANGLE
2) BREAKING A MINOR SUPPORT
3) ON A HOURLY PULL BACK FROM RESISTANCE
EXPECTING PRICE TO BREAK AND OPEN BELOW 1.1237.8 BEFORE WE CAN GO
FOR A QUICK SHORT.
LIKE SHARE AND LEAVE YOUR COMMENTS BELOW.
Price is currently at an all time high with resistance coming in at "0.9600"
We could either see a break of resistance with new higher highs forming or a bearish move down depending on price action, simple.
Last week we saw this pair test key support on Friday, with price remaining above it, many looked at this area as potentially oversold. This keeps the chances valid to resume the bullish move. with its targets beginning at "1.1300 - 1.1350" But taking into concideration the bearish pin bar "Daily" & "4H" we will need to see a beak bellow "1.1200 to confirm bearish momentum
On Friday we saw a bearish pin bar form at resistance "0.7700"
We could potentially see more downside momentum on this pair this week.
A break and retest of "0.7500" will confirm further selling pressure.
On Friday we saw "Eur/Usd" fall lower following Thursdays bearish pin bar which was under resistance at 1.1350.
I am currently bearish on this pair, if price remains under "1.1350 - 1.1400" we could potential see further bearish momentum.
1) Intraday market direction is short
2) In a Bearish Channel
2) TestIing minor resistance of a 50% pull baack
3) At the beginning of forming a new HL
Expecting price to rally down to around 1.3209
1) Bullish Channel breakout
2) Failed to create an extra HH & LH
2) Within a Mid range consolidation
4) Double top formation on the daily
3) Mid range consolidation Support/ Neckline broken
Expecting price to rally down to around 10145