Reasons to sell - RSI bull trend was broken - Stochastic top bearish divergence - Stucked on 1.14000 region When sell - Wait a small bull moviment to 1.14 and sell until 1.13 - 1.13500 (next support and 50% of Fibonacci Retractment)
Today the pair created a large bearish pin rejecting a key level of resistance. There is some "air" below which allows price to correct after the recent bullish momentum. Looking to short at the break of the pin and target target the 1.01 area.
With EURCAD having headed a long way down has seen a slight support around 1.3000+ region. The region seems to have held really will with impulse buying. Observing the Price Action on the pair, we saw an extremely strong selling from point '1' on the chart which happens to be a rejection from ST Resistance 2. Further, as the pair progressed through time, the...
EURUSD has retraced to previous resistance level which now has become support area. 200 EMA may act as additional support factor, RSI being oversold & recent change of trend (clear uptrend) & recent new high – all put together giving us a strong case for LONG position with attractive RR. New resistance around 1.1036 has been rested 3 times already, but last time...
NZDCAD SHORT AT DOUBLE TOP AND BEARISH DIVERGENCE
Time frame: 1H Simple short idea - EURAUD retested recent resistance area and its likely is to re-test recent lows and structure around 1.3750 – 1.3728 SL above recent high 1.3871 ant TP around 1.3748 give us very good RR ratio. Good luck and good trading! Arek JP
Bear without comment from the 1339$ at 07.13.2014 we are up once of the mm50.After the ema30 has allowed vendors very good entries, demonstrating the strong presence since beginning of trend. For some days we are seeing an increased presence of buyers causing sorties over the ema fences without closing after, a kind of rounding bottom or double bottom formation...
After a great day with long EURUSD. i Think the marked will make a other positive move during the night and in the morning. Entry Push back to support. Stop: Tight. 10 pips under entry, because of all the events tomorrow. Target 1.3000 minus some. Psy resistance. News makes me want to get out before the come. This is my own notes!!!
NZD/USD is in a down trending channel and my bias is short (To take a look at the one related idea). Bases :Bias, Channel, Stochastic RSI SHORT SETUP IF price reaches 0.86962 THEN i will go short, and place my tp order at 0.86459, but sl order at 0.87151 ____________________ Signls IF This Stochastic RSI crosses the 80 oversold zone it will be a...
After looking at the recent candles, they show increased buying pressure in the 1.3563 area. Over all it looks as though price broke to the downside after being in a range within a larger downtrend. That said this trade is a counter trend trade and is a bit risky, so I will use a very tight stop. please comment / criticize
Technical Outlook EUR/CAD had a long rally followed by this down channel which cloud end up as a retracement if EURCAD went up. There is a lot of structure at 1.43482 and there is a fibonacci 3.82 level close right at 1.42677. I can't say now what this pair will do because it depends on oil prices and fundamentals, but i expect a short term rally when price...
The USDCAD I expect to bounce off the strong line of support and have a nice LONG bounce day trade. The STOCH is also strongly in the oversold position heading up.