Saravan

Saravan

AUDJPY retraced enough and will continue it's downside move from 61.8 fib.

Saravan

Hello Traders, I made nice 150 pips from my previous EURGBP short idea. Now the price touches the trend line near 61.8 fib. There will be one more impulse upside near 8100 before going down. I put my stop loss just below 7920 target 8100.Nice RR. Let's see how it goes.

Saravan

Hello Traders, EURUSD is showing a nice price action at an important level. 78.6 Fib of 08/2015 high to 12/2015 low. This area was a strong resistance zone in the past.I will be looking to short @1.1450 if the price reaches there again with a 3/4 take profit around 1.1260.

Saravan

Hello Traders, I'm watching GBPJPY pair closely and it will complete a crab pattern if it reaches 149.30. The current JPY strength may bring this pair to this level. However, I expect some retracement to upside before reaching 149.50s. I will long this pair if it reaches there. I also see a trend line support and previous support in this area.

Saravan

Hello Traders, As I mentioned in my previous EURGBP chart, there are multiple confirmation for Short. The price will probably make a trip back to 7940 area. With more money per pip than other pairs and positive roll over, I love to short this pair . Good Luck!

Saravan

By looking at the daily candle AUDUSD still under selling pressure. Even though the trend is bull, fresh buying needed to move pair above 7700 which may happen around 7400. Looking for a short trade if price retrace to 7570s. with a TP of 7417. Alternately, I will be looking for a long around 7415 to 7350 which is confluence area of 50% and 61.8% fib and...

Saravan

AUDUSD Bearish BAT @50% Fib. Previous support now resistance.

Saravan Updated 

Watch for EURGBP short trade around 0.81 to 0.8150 EURGBP approaching major confluence area. 1) 8 year trend line resistance. 2) 61.8 fib from 02/2013 high to 07/2015 low. 3) Previous support. (look left). Note: Price may touch around 0.8150 before closing below 61.8 fib. Nice area to plan for short trade.

Saravan

AUDUSD formed a Climax candle and bearish PA. Prices may reverse to 7450 before going up.

Saravan

GBPUSD may not be topped yet, but price action shows near term short. I t may complete the H&S pattern before going up again.

Saravan

Now the 4hr trendline is broken, I want to see if it breaks the daily trendline. If it holds it will be a good long opportunity. Alternatively if it breaks it will go south to 1.3850. Either way we have to wait for daily candle close to see the price action.

Saravan

GBPUSD long at trendline support and 786 fib around 1.4150.

Saravan

EURAUD retesting the broken trend line. The trend line was broken with high volume candle. Check the chart for more information

Saravan

Watching GBPAUD. It formed a daily doji at support.price may retrace to touch the broken trendline.

Saravan

Pound stalled at resistance zone and formed exhaustion candle. Chances are good it will reverse unless we get a very bad NFP data. Short @ 1.4190 to 1.4200 area.

Saravan

With the bullish candle in 4 hour chart near support zone and with daily doji, I think it may be time for EURUSD have some correction. After all it's a 500 + pips fall from the top. Shorting may be good idea near 1.1000 area. Please note ECB monetary policy meeting next week.

Saravan

Hello Traders, EURUSD probably will have a correction to 1090 zone to form a cypher next week. This pair will probably move sideways until next ECB meeting before we have a meaningful move.

Saravan

Stop loss above X. Also check if RSI is over bought.