"Dollar slides to more than three-month low on first trading day of 2018" www.reuters.com
Note : switch the chart between h4, d1, w1 Time-frames to get the whole picture 1. Strategic Direction: - Weekly is in a Trend up phase (based on FZR of w1) - Daily is in a flat phase 2. Tactics: - We have FZR of h4 down . That means - trend phase of h4 will proceed until MF PIvot is broken (or other MF regularities appear) - once the Pivot is broken I...
Chance to enter long again, price is above its previous support & bounced off the 61.8 level. Price broke out of its counter trend line & is retesting it. I will enter this once the market opens, Price is also above a strong supply zone.
Pullback to support (Higher Low). Then potential higher high will form up to 1.24 area this month I believe..
Price still in a clear uptrend. High base resistance being broken, & dollar weakness continues to pick up as well. A higher low has been formed, now waiting for a new high to be made as the euro did not end up being talked down. Price bounced off the 61.8 level & is not moving to the upside. Trade with care! ;)
Retail sales news release for Aussie coming up very shortly, this will be a possibility if positive numbers. Watch for pullback to 61.8 level or break of recent high to go long. Watch for strong bullish price action, next upside target around 81.000 supply area
Price bounced off top of counter trend line yesterday. I am expecting a small rebound to the upside to its supply zone, as price rejected uptrend line & is holding above support for now. Quick 40 pip trade then out :)
Short term sell to 1226-1230 range, before pushing back to the upside. Pullback needed before moving higher, & a possible shooting star to resistance forming as well.
Bullish penant triangle, price made a pullback & looks to be continuing its uptrend.. Next weekly level (higher high) @120 ish area. Watch for break out of triangle to enter long !! Trade with care