EURUSD appears some more downside is inbound. Price is struggling to break higher and daily timeframe shows some nice resistance forming at this level.
1hr bullish TL is now broken and price is below daily pivot. I am looking to short down to the 1.1200 level where the 4hr/daily TL is for a retest.
Long term I am bullish but a pullback south is due first
Simple counter trend trade based on gold now appearing very overbought. I would like to see it drop back down to the $1300 per ounce region before entertaining a long position if price begins to bounce.
Simple trend reversal trade on NZDJPY. Bearish momentum seems to be gone and price has broken up and made new highs now with price breaking the bearish TL.
I am entering long on the 0.618 fib retracement with a target of a new higher high around 72.800 and maybe higher.
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.
Simple trendline break and daily resistance bounce trade. The major 4hr/daily bullish TL is now broken and retested with a lower high on the 4hr timeframe.
Price has also rejected the daily resistance at 1.71900 so if this is now considered a channel price could drop all the way to lower support at 1.63500
After last weeks successful short trade on USDCHF I am looking to go again on the next pullback into the bearish trendline.
Price is making nice lower highs and lower lows. I have the Fib 0.618 retracement level and the bearish TL overlap at the 1.00400 zone which should work well.
Targeting new lows on the 4hr and the previous support at 0.99000
Simple short trade set up on CHFJPY
4hr is making lower highs and lower lows. Price is coming up to retest the bearish TL and Fib 0.786 level. We also have the 4hr 50ema here to act as resistance.
Targeting new lower lows.
Here is a simple short trade set up for GJ based on the current downtrend making lower highs and lower lows on all timeframes.
I am looking for a pullback up to the prior support now resistance at 138.00
This price level coincides with the 1hr fib 0.618 retracement level and the 50ema should be around there too.
I am looking to go long on AUDJPY on the next higher low and bounce off the lower trendline which is now bullish.
I have used the black arrows to show that the last 2 lows were in fact higher lows showing a potential shift in direction. This coincides with some nice deceleration on this FX pair after the recent very bearish run.
Another important confluence to...
Here is my 3rd scale in entry order set for the FTSE 100 index.
- Lower Highs & Lower Lows
- Fib 0.618
- Bearish TL
- 4hr 50EMA as resistance
- 7250 nice psych number
Aiming for 7000.00 level to be hit next.
NZDUSD has finally broken the long bearish 4hr trendline and made higher highs. Price has also clearly broken and closed above the 4hr 50ema which was providing a dynamic resistance to price over the past few weeks.
I am looking to go long on the next pullback to retest the broken TL or 4hr 50ema.
I have the fibonacci retracement tool on the chart to provide a...
Here is my short trade analysis on EURCAD FX currency
4hr bullish trendline was broken this week with new lower lows made and lower highs on the 4hr timeframe. Price is now retesting the broken TL with multiple 4hr wick rejections of the TL and 0.786 fib retracement level.
I am going to target the fib 27% extension level which coincides with 1.48800 key support zone