Price has pulled back from All-Time Highs to test the 38.2% Fibonacci level, almost to the pip. With price closing right at resistance, a breakout is imminent. If price breaks out higher, I will be looking to get long on a successful retest of the breakout area.
A little scalping bat formation 15 minutes idea
A bounce from 0.9850, retracing 61.8%, is a good one. We just have to keep an eye that price countinues to make lower lows. Happy trading everyone!
Previously, we anticipated this pair as bullish towards 0.7550 area. Price did hit the 0.7600+. The current movement suggests that AUDUSD is correcting and may or may not revisit 0.7450 before bulls reign once again. Happy trading everyone!
As with last week's analysis, we are still waiting whether oil price would retrace back to 49-50 area before soaring. Happy trading everyone!
Good evening traders! Here comes another analasys of mine Enjoy. Who is in charge? That is a very intresting Question that allot of people are asking themselfs right now.. and this is because the sellers are actually in charge if you look att price action from the top left of the screen to were we are now. and because we are looking bearish right now alot of...
Price has generally been consolidating and recently broke out to new highs, before falling back into the range. Support around the $54.60 - $55 dollar range is holding. This area looks reasonably strong, and has confluence with the 61.8% Fibonacci level. With an inside bar forming at support, a breakout trade is on the cards. As we are still in an uptrend, I am...
We'll watch and see Good luck :)
Following an 80 pip gap up, today's session has closed as a very strong bullish candle. The DAX has been consolidating all year, with no direction. Today's candle is finally suggestive of bullish momentum building. I am now looking to take a swing long position, targeting the All-Time Highs at 12390s. Intraday I am firmly biased to the long side, and will look to...
Following the Trump press conference the recent breakout higher has failed to hold above resistance. Price completely retraced and broke through support, starting a new bearish phase on the hourly timeframe. I am watching for another opportunity to short this index on a pullback. Former support at 11560s has confluence with the 38.2% Fibonacci level. IF the new...
USDJPY being bearish for a limited time.
A huge bullish candle on 4H suggests strength in this market. The small bearish candle is probably profit taking and consolidation. If price should break above this candle I will be taking a long position and targeting the top of the range around the $57.40 area. A more conservative target is the $56 level which has confluence with the 61.8% Fibonacci level.
We previously mentioned the technical reasons in AUD/USD as follows: 1. The market is currently hovering at 0.7350 area (the downtrend channel resistance is seen in the chart) 2. The confluence of resistance lies in 4H chart (200 SMA and 61.8% fib.retracements) at 0.7350 area Note that tomorrow asian fx sessions will deliver the AUD retail sales data and China...