Friday the 15th saw GBPUSD push higher up into resistance just below the 1.29000 level. I have marked on the chart a possible 5 wave move which would indicate Monday the 18th should see some retracement back to the 1.28600 level (wave 4) before moving higher again to retest resistance at 1.29000 before moving higher to complete wave 5.
Stochastic has been in...
AUDUSD retesting on the 0.71000 psychological before indicating further movement downwards.
Resistance at the 0.382% daily fibonacci retracement level.
Trading below the 50, 200 & EMAs.
Ideal entry would be at 0.71000 psychological level .
Swing trades targeting for the 0.70000 psychological level with potential intraday trades targeting the 0.70700 & 0.70600...
GBPUSD trading in a downtrend on the 4hr timeframe, suggesting further bearish movement for the short-term.
Resistance at 0.382% daily fibonacci retracement level.
Trading below the EMA 200 & 800 on the daily timeframe.
Ideal entry would be at 1.29300 technical resistance level.
If the 1.29000 psychological level is broken this could suggest further bearish...
USDCHF coming into a range at the current market level. Parity level 1.000 remains the target for the bulls, double top currently present at 4hr with a triple top formation potentially taking place.. will be going short from there all the way to the supports located 0.994 and further down to 0.9900.
Okay so this is my first publication on trading view...
There are two reasons which lead me to believe that there is a possible SHORT entry in place on EURUSD.
As you can see on the graph i have provided there is two sets of 'Tweezer-Tops' have have been formed, these are both strong bearish indications.
secondly, as seen on the (14,3,3) Stochastic Oscillator,...
If the hourly trend line is broken to the downside, then there will be a short opportunity
Weekly RSI overbought
Key resistance that has held since July 2014 @ 1350
Possible there will be an exhaustion push to around 1340-1350 off the trend line.
TP 1 - 1320
TP2 - 1315
However, a break of 1400 will mean an upside target of 1550
EURUSD has been trading in a descending channel formation which began on the 8th of this month. Today saw a retest of the upper channel which held again and we then saw a retracement back to the 38.2% level of the move up from Fridays low. Towards the later part of this week we are looking for a retest of the lower channel line. I have drawn a confirmed trendline...
AudUsd, Elliot wave triangle, Monday while bank holiday in USA Aussi Dollar was consolidationg earlier london session just around 0.71500 and as Dxy getting back strength and china usd deal is in progress, this pair has chance to break 0.71000 level.