USDJPY is showing some great bullish potential and is currently consolidating ( trading sideways) and creating bullish divergence. I will be looking for a bearish retracement of 50% of the bullish impulse move ( point 1 to point 2). Should price moved towards this zone, I will be going long with 1% capital risked. Considering price is consolidating as such,...
Good buy opportunity on this pair. I have marked the entry, stop loss and take profit. Capital risked: 1% Risk to Reward - 1:2 Be alert and pay attention to the simplicity and similarities in the setups. Your mind is a sucker for habit so you can turn your technical analysis into one. Happy trading all! :) Malika K
Here we go again... Another buy opportunity and this time on CADCHF. Daily time frame analysis shows this pair having strong bullish momentum. Price has reached a strong resistance zone where we may potentially see price retrace before moving bullish again. I will be looking for price to retrace bearish to the 50% Fibonacci level whilst creating bullish...
Right, Right , Right! EURCHF Stumbled across some solid support before reversing Bullish. As you can see Bulls have been in control for some days now. Price is approaching a critical resistance zone ( the grey price level price is approaching) where we may potentially see price pullback which may also been seen as 'profit taking' . Price has potential to retrace...
This mark up is a follow up of my previous analysis on NZDUSD where price achieved our TP level. I am expecting some temporary bearish pullback momentum to retest that area of support that price broke through before we go long again to meet another significant zone of resistance. Great Risk to Reward ratio, SL at the red line and risk no more than 1%, do not be...
Price moved bullish strongly and broke the resistance at the .71492 zone. Price then moved to another significant point in the market where it found resistance where price started to pullback. I see price retracing back to .71642 before potentially moving bullish again to .73536. If you want to take this trade, wait for a full bullish reversal candlestick...
Looking for price to retrace bearish until 0.66018 ( 0.5 fib level) before potentially opening up for a bullish continuation. Last week we saw price move very bullish until the 0.66856 zone where price found resistance and looks like its gaining momentum ( retracing) before completing the move at the 0.67779 zone. Do not rush to enter, always wait for price...