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.
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Trade war truce has come to carry you home?!
Swing-Lo, Sell Kiwi, China-Us talks will carry you home.
NZD and AUD have thrived in the past weeks on a weak dollar and more business with China, now the Big-Bully is back!! And he wants a big chunk of the cake....or else!!!
The S&P 500 got some ticks on Friday night at trade closure due to that Trump-Xi deal...
it looks like pound aussie turns bearish .
on a daily, the market is currently attempting to break below the flag pattern and 1.815 key structure support level.
in case of a confirmed breakout, there will be a high chance to see the stong bearish movement to retest the market low.
Target levels for us will...
descending triangle formation on EURCAD .
on focus is the horizontal support.
if bears break below it, most likely, selling volumes will increase and we will see bearish continuation to lower levels of structure.
T1 - 1.455
T2 - 1.451
Want to know where stop will be? Leave a comment :)
*remember, that the...
this week AUDUSD is predominantly bearish.
pair is trading within a falling wedge pattern.
I expect further bearish continuation to 0.672 structure support level.
I think that the majority of buying orders is consolidating on this level,
so there will be a high chance to see a bullish breakout of...
EURUSD is still trading within a horizontal trading range and the sentiment is unclear.
the market may brake in both sides, but I will trade only in case of a bearish breakout.
Target levels remain unchanged: 1.094 and 1.090
be patient and let the market chose its direction first :)
very very peculiar sentiment on gold .
if we precisely analyze the price action from the beginning of summer,
we will notice with you that the market was trading in a sharp bullish trend
and, what is crucially important, without correction.
From September, however, the picture has started to change.
this is the update for my previous trading plan on EURGBP .
The lower boundary of a flag has been adjusted.
After multiple attempts to break above the 0.892 level the market is still standing below the identified resistance.
My bias remains bearish and I am waiting for a bearish violation of a flag.
Targets have been also...
On EURUSD we see a pullback after the market has set a new lower low lower close based on 1.09 level.
The market is currently trading within a classic correction pattern called bearish flag .
When we see a flag formation, we always pay close attention to a price action inside the flag.
Very often, as soon as...
Double bottom on the price of UK OIL with bullish divergence on the RSI on the daily chart,
Good entry for longs and taking profits at $62 where the 20 MA is at at the moment , price in case of an uptrend most likely will travel towards that level,
Also Fibonacci taken from the high to low of the descending channel we have been trading in for the last few...
EURCHF is standing on key structure resistance level.
Double top formation on a 1 hour chart is a very good indicator of a potential pullback from this level.
for confirmation, I am waiting for a bearish violation of minor support beneath the tops.
target levels will be 1.0915 and 1.088