Hi all, The USDCAD broke the red trendline earlier this week. I expect a retracement to this trendline, and then a drop from there. Most likely downwards to the blue trendline, which should be a pretty solid entry. I have marked the price reversal zone, which has the 61.8 fib, previous resistance and trendline. Best of luck! Regards
As you can see from the chart, we've had a clean bearish break of the Weekly trendline and have now come back to retest it (into previous structure). News next week is going to determine this pair's fate, but at the moment i'm expecting another bearish push down to 115.00.
EURAUD has been bullish since the beginning of December 2015.As bulls have exhausted themselves a little, it gave the bears the opportunity to change the game. A break below 1.53 levels could bring EURAUD into a bearish movement. However a stop at that region may bring the pair back up even higher. Either way, this is a spot to keep on the lookout for.
SL @ 88.4 EP @ 87.5 TP @ 82.1 RRR: 6.0 Risk: (90 Pips) Reward: (540 Pips)
The GBPUSD has multiple times bounced from the purple boxes but is now ready for a second retest. We look to short it when it comes back into the 1.537s again as we then get what i call the "broken fang" setup meaning that price prints lower lows but equal highs. We can also see that we are currently retesting the blue trendline which hopefully holds and help us...
Just awaiting PA here to confirm the short. Had a break and retest now just need the continuation confirmation. Simple top down analysis here. Target 1 = 118.60 Target 2 = 116.00
DESCRIPTION ON THE CHART. LONG OPPORTUNITY ON THIS PAIR AFTER A LONG TERM BEARISH VERSION
Last weeks candle closed as a strong maruboza. We have also closed below support and the trendline as you can see on this Daily chart. I favour a short now to the second trendline followed by the support level down at the 0.9150 zone.
AUD/USD coming into the action zone now, it is a counter trend trade but the risk:reward is significant if it plays out. On the Monthly time frame you can see we are coming into a major support area where historically we have had significant moves away from it, also the major support area coincides with a huge trendline we have which could be the 3rd touch. (MA's...
H1 - bearish convergence, bearish hidden divergence, and fibo resistance Entry - M30 - look for a break of the trend line with the most recent support for a sell Target 1 - last low Target 2 - 0.73 Stop Loss - above last high created
At break of the red trendline we go short on the AUDJPY with profits at 90.113. Stop is set a couple of pips over last resistance.
Looking at the USDCHF monthly shows that we have had a break of the long term downtrend line from 2002 back in May of last year. What is more interesting here is the change in structure. It could be said that the market has been in a range since November '11, when we had the first support felt at 0.8756 and a touch of resistance at 0.9951. Currently, we are in a...
Expecting EUR/USD to continue falling down to the 1.07000 area after a nice Trendline break.
See notes on chart. 3 week price change is 1.89% PA could not form new highs all of AUG and PA is seeming to form a rounded top. Price broke through support and and the trendline, but was pushed up by buyers today. wait on confirmation. Buying DEC 130 Puts I think this gap will be filled before the end of the year.
The setup is to short a re-test of the 4/15-5/15 line from below, which is also a former low (4/23 high). The stop is above the breakdown day and I’ll target half where the drop would consist of 2 equal legs from the top.