Wow.. just wow..
The markets have been crazy the past couple of weeks, all in sell mode and dont see this stopping anytime soon with the coronavirus still relatively new in the US and has the possibility, unfortunately, to spread even further.
In terms of trading there will always be opportunities like the one highlighted here...
Here we can see all...
Been a while!
Here's a nice little set up on the 1Hour time frame for a intraday sell opportunity..
As we can see price is trending down, due to Oil being bid and coronavirus fears in the US.
All markets seem to be crashing!
In my technical analysis, i can see that price has broken the 100MA twice now, giving me a clue that it wants to break to...
GBPUSD is looking very bearish as of late!
Price is below all moving averages on the 1HR, 4HR and Daily.. Important to note that price is at the 100MA on the daily, which looks like to me a retest!...
My view of this pair is to the downside...
On the 1HR a good entry is happening as we speak!
Price is bouncing off the 100MA, trendline and 38.2%...
WOW, GBPUSD has been very, very choppy!!
GBP has had some solid fundamental data which should've boosted the bid for the GBP, however the great USD is just too strong for the GBP!!
However, I am purely taking this position based on my technical analysis.
We can see here that price is at the 100MA bar on the daily and at my 38.2% retracement and trendline!...
Good evening/morning guys,
Currently got my eye on the GBPUSD pair, it has made an impressive move against the 100MA BAR on the daily time frame and is currently pulling back!
I'm looking for price to pull back to my 50% retracement which is in line with support and the 200MA.
Clues of a bullish market:
1. 100MA sloping up
2. 200MA flattening and possible...
This looks like a daily pinbar formation on the timeframe, which is at resistance (redlines)and bouncing off my lower trendline!!
It has bounced off the 100MA (green line) but it looks like the momentum is still going down.
TP 1 - 100MA
TP 2 - 200MA or Recent lows (if break 100MA)
Trade safe guys, have a good evening/morning (whenever youre reading this)
USDCAD is in a very strong uptrend on all time frames at the moment...
it has currently pulled back into my 50% retracement, trendline and at support
This looks like a clear risk defining area for me and hopefully for many traders
I will take a trade here and go with the trend instead of against it!
Stops will be 15pips below 100MA,and TP 1 at recent daily...
Good morning team,
NZDUSD has seen recent action to the downside with a great impulse down with no signs of exhaustion...
However we are now seeing the exhaustion, and possible pull back..
If it pulls back into my 50% retracement, which is also in line with resistance (previous support) i will sell here...
Or even better if it touches my 100MA i will sell and...
CADCHF has bottomed and retraced to my 38.2 retracement line which is also in conjunction with previous support now resistance.
PRIME time to sell ?
Go to put a sell here and target recent lows...
Let's see what happens.
Have a good day all!
Time to sell eurgbp!
Price just hit resistance , 38.2 retracement AND the 100MA!!
Price is a bit choppy however i will be selling off this area and targeting recent lows..
Overall on the daily chart the EURGBP does seem to bee in a range bound... could a move lower be a potential?
What do you guys think?
Good morning guys!,
NZUSD has just launched itself out of it consolidation zone, and just retested the support line (previous resistance)
Looks like a prime time to buy, not only did it retest support it also has the 100MA very close to it .. AND the 50% retracement!!
All of the above are risk defining levels for many traders, making it a great trade to...
Good morning guys,
Hope all is doing well after the weekend!
GBPUSD has retraced quite a bit on the open today...
It has retraced to my 38.2% retracement and into some support...
What do you guys think?
Price has broken the 100MA in yesterday's session, which give us a bullish view!
In addition it broke resistance, another reason to buy!
Price has currently retested the moving average...
Time to buy and target the next MA which is... the 200MA!!
Lets see how this trade plays out!
Have a good day!
I'm waiting for price to retracement back to 38.2% retracement and to the 200MA moving average.
This seems like a good risk defining area for me..
Ideal to sell...
Targeting risking lows for a decent 1:3 risk to reward ratio
GBPUSD has had a great day today, it seems to be trending higher!
Price is currently retracing and is sitting at the 38.2% retracement and at the 200MA on 4HR (blue line).
This is a risk defining area!
Buy here and target recent highs with stops just 15pips below.
* * fundamentals * *
Flash Manufacturing PMI
Flash Services PMI
Trade with care guys!