Kept nice and simple. Chart explains bias and our target area.
Few reasons: Possible ABCD. Possible third trendily touch. Monthly and Weekly trendily broken. Weekly 50EMA touch. Weekly 50EMA crossing 200EMA Weekly and Daily Lower Highs, Lower Lows Potentiel Risk Reward Awaiting further price action and confluences
Watching 4 Hour and Daily for possible long oppotunities .
We are overal bullish on this pair. Few reasons are: Price is putting in Higher Highs and Higher lows on Daily and Weekly. Price is nice and clear above the 50EMA. Dollar strength Potentiel ABCD We would need to see price breach above 1.345 and to gain more confluences to take any position. There are also many other reasons we are bullish. However we could see...
NZDUSD is currently retracing to the week trendily where we will be watching for a break or bounce. Currently the weekly and daily are showing bullish potential. Pin bar off the 38.2% retracement level. Target 0.70 for any longs. Looking for shorts around the 50% bearish Fib zone. If price breaks then we will adapt to trading conditions and monitor this pair.
This is a late post however trading the C-D leg. 50% Retracement 50 ema rejection Bullish Hammer Close above resistance @185 Break retest counter trend line Many other confluence on higher timeframes
As you can clearly see on the chart price has put in a double bottom at the 2.24 support level. This level also aligned with the daily and weekly bullish fib level at 50%. Many higher time frame confluences for the bullish bias. Price has broken and retested the daily/4hour counter trendilne to the upside. Waiting for price to break 2.30 with bullish momentum and...
Here we have GBPCAD, price has been putting in higher highs and higher lows, showing a bull market. Price broke out the bullish trend line in September. Since price has been rejected by the 38.2% retracement and 1.98 support. (Higher Low?) Looking for price to break above 2.03 for any long positions. If price breaks the counter trend line, then we are likely to...
This is the gbpjpy weekly chart. If wee see price hold above the weekly 50 ema and break above the 185.00 resistance there is a great possibility of price reaching 190.00. After 190.00 price would need to break above the trendilne and continue to 195.80. This to me is looking bullish however will have to wait for break above 185.00 Potential risk reward shown.
Possible short on the break of the range if confluences met. Waiting for nice clean break with technicalfx confluences. Price has broken the ascending channel to the downside. MA's have crossed to the downside. Wicky weekly close. Price stuck in range. Price sitting on 50EMA. Target of 1.65 potential. RISK REWARD IS A POTENTIAL.
MONTHLY CLOSED GRAVESTONE DOJI BREAK OF UPTREND WITHIN ASCENDING CHANNEL WEEKLY BEARISH ENGULFING PREVERIOUS WAITING FOR THIS WEEKS CLOSE. PRICE HAS BEEN CHOPPY BETWEEN 2.00 AND 2.06 RECENTLY. PRICE RESPECTS THE 50EMA.
WAITING FOR RANGE BREAK TO CONFIRM SHORT. IF PRICE BREAKS TO THE UPSIDE NO POSITION WILL BE TAKEN. AWAITING CONFLUENCES AND BREAK.
WEEKLY BEARISH CLOSE WAITING FOR CLEAR BREAK OF WEEKLY TRENDLINE. PRICE HAS BEEN ABIT CHOPPY. POSSIBLE RR SHOWN. PRICE BELOW 50MA WITH HIGH TEST CANDLE.
WAITING FOR FURTHER CONFLUENCES AND BREAK OF SUPPORT
WAITING FOR FURTHER BEARISH CONFIRMATION. WEEKLY AND DAILY TREND LINE BREAK. WEEKLY SPINNING TOP. POSSIBLE RISK REWARD SHOWN. PRICE REJECTED BY 121 RESISTANCE ZONE MANY TIMES.
PRICE IS PUTTING IN LOWER HIGHS. WEEKLY TREND LINE BROKEN WAITING FOR CTL BREAK. BELOW 50 AND 200 DAILY EMA'S POSSIBLE DOUBLE TOP @ 87.50. POSSIBLE SHORT TARGET OF 82.00 THEN 79.00
POSSIBLE THIRD TRENDLINE TOUCH. BELOW 50EMA. HIGH TEST CLOSE FRIDAY. WAITING FOR BEARISH CONFIRMATION. POSSIBILITY OF 0.611 TARGET SHORT.
MY BIAS ON AUDUSD REMAINS BEARISH. PRICE IS STILL PUTTING IN LOWER HIGHS. CURRENTLY BEING REJECTED BY THE 50EMA. HIGHTEST CANDLE CLOSE 18TH SEPTEMBER. POSSIBLE SHORT TARGET OF 0.69 AREA.