We have seen a break of the support at 112.50 with a retest acting now as resistance. I expect a drop from this level to 110.60s area which acts as daily support. Entry - 112.35 Stops - Above resistance (112.80) Target - 110.60
We have seen another bullish reaction off of the 1.0640 support area and i now expect price to break through resistance at around the 1.0700s area and touch the resistance at 1.0850 Stops - below support (1.0620) Target - 1.0850
After a retest of previous resistance now turned support at the 0.7600 level we should see a break of the higher high at 0.7690. Further upside to at least 0.7800 is expected Stops - below support (0.7590) Target - 0.7800
Last week a double bottom was made at support around 112.50 with price moving up almost 200 pips total on the Thursday and Friday. We are currently sitting just below resistance at around the 115.00 area. I expect price to break this area and hit 118.50 at some point in the coming weeks. As the weekly candle closed again creating another hammer top. This adds...
This pair has been consolidating for a few weeks now between 121.00 and 124.00. Last week we saw price dip below 121 only for it to shoot back up into the consolidation zone, while also breaking through resistance at 122.00. We are now nearing 124.00 at which point i believe we could see a breakout of this zone with 127.00 potentially being hit in the coming...
Last weeks candle closed as a hammer top above support around 100.00 which shows signs of a potential continuation of the bullish trend. This is further reinforced by a breakout and retest of the previous consolidation zone. As you will see in my previous posts, i am currently short on EURUSD and AUDUSD. As we are looking at a potential bullish run on the Dollar...
Retouch of support turned resistance Breakout and retest of TL Targets - 1.0580 SL above 1.0740
With 5/6 touches of the lower TL it looks like we could see a drop to the downside. This bias is further reinforced after a strong rejection of price at the 86.50 resistance First target will be 84.60 2nd Target will be 83.80 SL at or above 86.50
1st target will be 112.50 If support is broken we could see price drop to 111.50s SL above TL and resistance (114.30)
If we break through the 1.0770 we are potentially looking at a long to 1.0850 The upper TL has been touched more than 5 times now, showing signs of weakness. Although there was a loss of momentum on the bullish run on Monday it seems that we could be regaining this momentum in the coming days as price is currently sitting at support around 1.0710.
I think we could be looking at a continuation of the bullish run with an initial target of 0.7605 If we see a break of 0.7600 we could be looking at 0.7750
A quick intra day trade for 40pips Stop at 0.7549 Target 0.7605
First target - 1.0600 2nd Target - 1.0450 3rd Target - 1.0350 Stops - Above 1.0770 There is a chance that price could hit 1.0800s with a short at this point, but we will wait and see.
If the resistance/supply zone at the 123.00 area holds. We could see a potential drop to at least 116.00.
Resistance at 115.50 rejected Trendline touch also at around 115.50 Potential for price to create a new lower low at around 112.00 Target - 112.00 Stop 115.85