Reasons for 1.Price has been stuck in box range for a few weeks now 2. 1.08000 Level is a strong level of support as the past has shown 3. Price has put in a bullish hammer and a bullish engulfing 4 .Price also put in a sign of reversal with a tweezer bottom 5. All these signs signify a reversal and possibly momentum to the upside
Reasons for 1.price has been trending up 2. price broke major RES level 3. now price came back and retested the level and put in a major bullish candle 4. price has put in a bullish engulfing taking out 8 hours of downside movement 5. price ready to make a higher high ?
Also another sell setup 1. price has come to previous structure and shown a huge bearish candle 2. price put in a bearish engulfing candle 3 price is downtrending 4.previous candle was a doji on the daily previous candle was a bearish hammer sign of more sellers in the market :)
On FX:USDJPY , the price is bullish last few hours. Buyers are in control of the price. Its going close to structure high at 123.239, which is a resistance level. It acted as support, but after break out it became the new resistance level. It is more likely that buyers will take their profits close to that level and sell orders will be placed there too. Both...
On FX:EURUSD , we are having bearish market last few hours. The price dropped significantly and sellers are full control of the price. Even negative news on USD, couldnt stop this drop. We can see their unsuccessful try (check long shadows). However, it is expected that buyers will step in and raise the EUR up but where?! There is a support level at 1.0711,...
Setup Reason 1.Price has hit strong RES and bounced off 2.A 3 bearish candle stick formation bouncing of RES 3.Therefore showing a change of momentum 4.Also after news on Friday price needs to correct before we see any more bullish movement
On FX:EURJPY , we have no clear trending market, the price didnt break last Lower Low; however, the technical analysis gives a high probability set-up to go short. There is a Strong Trendline (dynamic resistance) the price respected this level and each times it touches it, trendline bounces it back. It is a good indication that the price found its roof at this...
My reason Behind this trade setup is clearly you can see its created a mini resistance which was broken also trend line was broken therefore next level will be reached IMO at 1.0800
After a slow week another setup 1.Break of long term trend line 2.Break of strong RES level. 3.Numerous tests to try break back through trend line to down side but previous RES acting as support now 4.Bullish engulfing taking out the past 20 hours of price action
So .... 1.we have a strong trend line acting as RES 2.we had a fake break out 3. price has dropeed after the retest of trendline 4.bearish engulfing on previous 4hr candle 5.daily candle is a bearish hammer
My reason behind this setup is quite simple After break of long term trnd line price has come to a support level which has held up well numerous times in the past and has bounced of the support level so i believe price will re-test trend line and previos support now playing as RES There could be alont of selling power after the re test of broken trend line and...
Gives a very nice long term target as well. (Flag)
Just entered this trade on the hourly chart. This is inline with the other EUR Short trade i just posted earlier which is also attached in the related ideas. Rationale n analysis is also the same as I'm expecting bearish momentum to arrive. Expected Target is around 0.6970
Entered this trade just few hrs ago and the Target was hit just couple of mins ago! Over 90 pips profit on this pair alone along with all the EUR based pairs i traded but didnt have time to post them up here b/c i was away from the screen and there wasnt any point posting them up b/c price was reaching their targets already. Attached to this is original post...
Just entered this EURJPY trade short just now which is pretty much 1hr after the FOMC announcement.. EURJPY has been consolidating for most of this week and it is finally breaking with the FOMC as the cataylst. Expected Price target is around 135.55 which is around a 75 pip target
Attached to this in the related section is the original analysis and rationale as to why i was anticipating a sell off in oil. Sure enough it did work out exactly as i did as price is clearly below 49.00 Price target. However, since this is a CFD contract, my position expired last friday and i wasnt able to hold it long enough for it hit 49.00 but rather i got...
We saw a run up in all GBP pairs the last week and i believe it is now exhausted.. Im expecting a sell off to happen but still hold a neutral bias in the overall short-term in the near future for this pair Expected Price Target is around 190.20