EurAud has had a decent move to the upside and currently there is more room to go higher in my opinion. Following a good impulsive move IF we get a pullback into that zone we can look to carry on higher or for a retest of the highs at least.
After the last successful long trade on NZDUSD, I am now looking for price to pullback down to make a 2nd higher low where I can go long again.
Bearish trendline now broken, 4hr trend is confirmed as reversed and now bullish.
Hi guys, I hope that you are all are well! This week we have seen continued bearish momentum in GBPJPY to which has seen prices push close to 141's even, which is a very important and psychological level for this pair and we also saw prices retest a strong area of structure support (Daily) of 141.00 - 141.30's to which we have since seen some relief in selling...
WTI Crude Oil is in a troubled zone on 3-Day time frame. I'm short. Price is struggling in a zone of investor resistance with ATR resistance just above. This convergence spells greater probability for the south. (Note that for every probability in one direction there is a residual probability on the opposite direction- hence no predictions)
AUDUSD - Downtrend Continuation move anticipated from the retracement.
Great opportunity to short the market.
Weekly time frame provides sufficient confluence of the downtrend and retracement raly down opportunity.
4H time frame on the other hand provides entry reason because consecutive bearish candles.
Decent risk/reward ratio with potential with second target.
Hi, guys I hope that you are all well!
Typically at this time of year markets generally quite down due to Christmas approaching, however we are seeing some strong moves in the market across my portfolio and AUDCAD happens to be one of them.
What I am looking for is bearish trend continuation following a pullback up into the most recent area of consolidation/range...
GBJPY put series of higher lows indicating potential bullish trend.
Weekly Time Frame confirms the possibility of decent uptrend.
Entry is based on 4-hour time frame, yes, little bit late.
Also second high is not higher than the previous one.
Risk/Reward ratio is quite decent although I do not expect to rally fully to the top.
Important is to keep in mind that the...
NZD/USD has been bullish as of recently so we follow trend continuation.
We are currently in a corrective state, but approaching structure levels.
We see a trend channel that price is following, so if we continue this channel we should expect movement to the upside since we just finished a corrective wave.
We can also see a large bull flag formation. If this...
This recent pullback into structure has offered a high probability trend continuation trade on the cards. looking for a potential bounce from the currently tested support area and a push up to test the 0.73700 zone
After the series of lower highes and lower lowes as the sign of bear taking over potential to get to the short trade.
Entry from the retracement based on consecutive series of bearish candles.
Target based on last support.
Stop loss wider in order to provide the space in case of need.
Despite larger stop loss still decent risk/rewards opportunity.
So what we are looking at today is a potential move in Gold for bearish trend continuation, as we have recently seen price action press down into lows of 1193's for where previous level of structure support was retested and respected. However, on the 4HR TF we saw price action break and close below into new lows of 1193's suggesting strong bearish...
Hi, guys following the strong bearish momentum recently seen in AUDCAD, we have since seen prices rally down into new structure lows of $9275's. What I am now looking for is a pullback to the upside into previous levels of structure within the region of .9343 - .9397's to get short on the market, in anticipation for one final retest of the of the most recent lows...
Hi guys, what I'm looking for in NZDUSD is that of bearish trend continuation. As we have seen strong bearish momentum recently within this pair to which price action made a new structure low (NSL) at .6540's.
I believe that following the short term bullish relief we have seen from .6540's that as price action has now retraced into the most recent area of...
We're getting close!
The resistance at $8400 has been affected and we will probably test it again. In the case of a break of this resistance, we could have a rebound between the long term $8700 resistance with a return on the $8400 before being able to really know the long-awaited break and hope for a new growth.
Be careful however with the configuration...
I've had my eye on EURNZD for a while now, but more recently in the last week or two. The Euro has over the last week (actually since April 2017, but what's 12 months between ticks) staged quite the bullish run and the charge seems to be in full momentum (I should know on account of being on the wrong side of it recently and donating some to the market).