It's Friday so lets keep this short and sweet...
EURUSD has been a funny one this week, all gains have gone!
I am anticipating the price to meet the bottom trendline which is in line with 50% retracement and 100MA on the daily! This is also the recent lows!!
I will be looking to buy here and target 200MA..
What do you people think??
Have a great...
This pair has just broken the floor and the 200MA and currently retesting the 200MA...
This looks like a good opportunity to sell and target the next support level...
very basic and simple, however it is important to keep it simple as it makes viewing the charts easier and helps the trader make a decision
what do you think?
Hey guys, markets seem pretty quiet, so no major techinals to talk about today for me...
Here is a little buy signal which looks pretty nice..
A break of the downard channel which is being retested as we speak.
Targeting resistance which is also the 38.2% retracement
It seems that the GBP has bounced off the bottom trendlinde again today and heading towards to the 38.2% retracement and the moving averages which are converging.
1. Price is under moving averages
2. 100MA is sloped
3. 200MA is flattening out (signals market is transitioning to a downtrend/consolidating)
When price hits the yellow circle I will...
Price has converged with the 38.2% retracement, top trendline AND the 200MA on the 4HR time frame, which is also also in line with the 100MA on the Day time frame.
This gives us a reason to trade as it seems to be a strong technical level to trade off..
Initially i will be selling of this level, however if price breaks these levels i will buy and target 50%...
USD has extended a lot today, and seems like it is due a pull back...
Price is at major resistance which is in conjunction with upper trendline and 50% fib retracement!
Additionally, it looks like price action is forming a daily pinbar (bearish) !!
Good time to sell guys!
What do you think?
We can see price bouncing off the bottom trendline, is the USD starting to fall off a bit now and retrace?
Price is trending down, we never want to sell at the lows, instead the optimum place to sell would be when price retraces.
If price reaches my 38.2% retracement, which is in line witch recent resistance, i will look to SELL!
* * fundamentals **
Price as recently broking the ceiling (resistance) and looks like there is a correction happening to the 38.2% retracement which is also in line with upper trendline and the 100MA (red line)
At this point USD is STRONG with all time high stocks and CAD is weak with the oil prices rapidly declining!
Care we still have big news from US on Friday,...
I am currently watching the GBPUSD as it looks like it is forming a pennant.
Price looks like it is consolidating, this is also confirmed with the moving averages flattening out and the tight range we are in.
However nothing consolidates for long, we should anticipate a trend type move. this is most likely to happen when price breaks the pennant formation...
Price has just reached the 100MA (Red line) on the 1 hour timeline, which is inline with the 38.2 retracement and key resistance level (Red circles).
I will be looking to sell at this level, and target recent lows and manage the trade.
What do you think?
Price has approached the daily 100MA (blue line) with a chance it could break it and test the bottom of the trend line, which is in conjunction with.. the 61.8% retracement and strong support (red circles)! Great!
We will be looking to BUY AUDJPY at the TRENDLINE and target previous highs! Lets keep an eye on this and see what happens!
IF price breaks the...
Price has broken to 100 MA on the 1HR TF and tested the 200 MA.
It has retraced back up to previous support, now resistance, which is in conjunction with the 50% retracement.. Brillant!
TP 1 - This is to the 200MA and to the daily 100MA (BLUE DASHED LINE).
TP 2 - If price breaks the 200ma 1HR TF and 100MA Daily TF, target recent low.
TP 3 - Target next swing...
The price has reached the 38.2% retracement on the 4HR Timeframe, which has nicely come into line with our 100MA... Perfect!
If price decides to break and close below the 38.2% and 100MA, look to sell and target 200MA and or 61.8%. If it doesn't break the 100MA look to buy!
Please give me your opinion on this trade.
1.Stock are back at their...