PAIR'S BOUNCED FROM ITS DAILY/WEEKLY SUPPORT AND MAKING A NEW LOWER HIGH. EXPECT PAIR'S WILL CONTINUE TO GROW UP TOWARDS 73.943.
USDJPY breakout the trendline. A good short towards 99.2 area
Bought this pair this morning at 0.97880 and am looking for a initial move up towards 0.98100 and if that level folds, another push up to 0.98400.
USDCAD breakout trendline with a buy stop to reach 1.331 area
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. & more.. Expecting price to rally back to major support/ supply zone of 0.8752 Leave a comment, like and share.
For now I expect the tiny support area around 1.3408 to hold for a quick move up to the top of the corrective structure. If we can see some follow through from there 1.3475 and 1.3530 would be next. If the support fails on the other hand I expect the support zone between 1.3340-1.3360 to attract some more buyers.
Still in a ranging environment on the higher time frames, shorter time frames can present some short term trading opportunities. Depending on how price reacts to the small support zone around 1.8200-1.82150 I am considering to go long with my primary target at 1.82500 and second target just shy of 1.83000.
NZDUSD going to bounce in the channel middle and the trendline. Top of the channel is in 0.75 area
Only looking for a short term quick play to go long on this one. Target around 1.48200. My apologies for not posting a thorough analysis due to lack of time.
Went long at 1.54450 and looking to target 1.5500 primarily. 1.55300 is the extended target. My apologies for not posting a more thorough analysis due to lack of time. Unfortunately I also was a bit late with posting my trade idea on TV.
Pretty similar to the setup on the cable. Looking for a retest of 1.12350 to go long up to 1.12555 and in extension 1.13050. If 1.12350 folds I think the zone between 1.1190 and 1.12050 can provide new support.
There must be a comprehensive text, but I'm too lazy to write it.
There must be a comprehensive text, but I'm too lazy to write it.
The cable is printing a perfect corrective structure with very detailed boundaries which now have been tested 3 times on both sides. Initially I am looking for a move down towards 1.3065 and if that level folds a further move towards the support zone coming in at around 1.3035-1.3020.
Sell on a second re-test opens a good short opportunity.
There must be a comprehensive text, but I'm too lazy to write it.