Following a decent impulse to the upside on the 60 and not a conflicting bias on from the daily as that is consolidating, I believe price can go higher if not to a retest of the highs too. Came into a minor level of support with fairly safe stop placement. A quick potential day trade which I am involved in.
A couple of outlooks on EURUSD.
Already have a double top @ the 1.1 even handle number.
I either expect a third test and then a sharp move down or we will see a bit of consolidation before attempting another move down.
Cant see any strength behind the EURO against the Dollar with all the Brexit shenanigans going on.
Any questions im happy to help. drop me a...
AudUsd is at a decent level of support and we can see some relief coming in on this pari following a strong bearish move. I would be conservative with targets due to it being a counter trend setup and a strong move.
descending triangle formation on usdcad .
the market has stopped setting new higher highs and shown a row of lower highs instead
in confluence with clear rsi divergence.
our bias remains bearish and on focus is the horizontal support of a triangle.
breaking below the support, market will confirm bearish sentiment of its...
Lovely shorting opportunity on the 4 hour.
Previous daily structure for possible reversal
Can trade off of the break out candle - or wait for a pull back to the consolidation zone then enter short
I'm more aggressive so i will be taking the trade depending on how markets open
check on Daily TF you may see if clearer what i am seeing
EurAud has been in this clean short term down trend. We have just managed to break the structure level to the left but instantly at other support just below. However based on the trend and strength of the moves then I think a retest is likely. You would want to be wary of the divergence on the RSI though.
NzdUsd putting in a nice head and shoulders pattern with divergence and confirmation on the RSI on the 60. We have also recently broken a level on the daily and even though in overall consolidation now we can take this as a shorter term on the pullback or break.
On the technical's this looks like a perfect setup for me. However Bearish JPY in the past hour or so means we could get stopped out rather quickly. So on to my setup!
We have Bearish three point moves on the 1D, 4H and 1H.
Price has recently pulled in to my last chance entry zone on the 4H and provided us with a lovely Double Top entry to get...