We currently still holding our 1.8600 shorts and we have finally seen momentum help us have a step 1 closure below the 1.500 range support level. This is a scale in trade with the momentum should we see the correct steps with in the next 8 or so hours. i will not look at adding a position at the end of the newyork session and will rather look at it next week is...
After a good few struggling weeks of range bound movement on euro dollar we are finally seeing some of the upside momentum we need. So far we have momentum identification but still lacking confirmation and rejection. Lets see where this momentum can carry us. This is a potential setup thats pending, but i will add updates along the way of what im seeing. Give...
Short potential from 1.8650 psychological level and our 50 level. waiting for 4hr closure for a possible bearish steo 3 and tweezer tops.
Currently seeing a relatively strong minor support, however be do have a strong bullish intent on the dollar currently riding of of last weeks bullish move trough 99.75 quater point resistance. Should we see a valid step 3 high bar style rejection and closure below 1.0900 and a sustained bullish dollar we could see our euro follow its bearish intent to...
A potential long lining up for our top 100 techs, currently waiting for our 3rd step to confirm rejection of price and confirm our upside momentum bias. Will look at something like a lowbar candle or spinning top as step 3 rejection candle.
Potentially looking for step 3 rejection at our 4hour close for a short from yesterday s broken level at 1.8600. This trade will be split into 2 TP one at our 50% level and one at our next 4hr level.
Here we have the possibilty of a retracement sell from the 1.62350 resistance are which also aligns with the 61.8. If we see the manipulation lower from the AUD I definitely think we will see higher on this pair to our 61.8 fib.
Currently seeing us break the 0.6900 support level, possible that we could see manipulation to the 88 fib area and support at 0.68650. At that level we could also form the right shoulder and see a nice upwards reversal. This is a possible scenario not a definitive outcome.
Currently moving towards our 7650 resistance.
Potential GA short from of 50 level @ 1.8725, currently see ing decent momentum confirmation along with strong previous day bearish momentum FX:GBPAUD
Weekly lower high has formed and a break and close below the previous up trend trendline. We can expect they're to be more downside to support at the 1225.00 level.
This week we saw friday close slightly above or 96.00 key level Meaning we have bulls in control. Expecting the push to continue to 97.70 where we could potentially see a pull back before we see a bull run to the 97.50 region