Seems we are approaching an area of considerable support. I am watching for a possible small retracement to the upside, this then would give a setup for a possible drive even lower.
Potentially good entry on UJ. I would wait for a little bit of a pull back but price may actually rally pretty strong
We are approaching a monthly high. I expect some pull back and retest of recent lows.There is also a bit of bearish divergence present on the MACD.
Looks like USD is reaching a key zone of support. Let's see what happens here.
Looks as if the Dollar has hit a key support zone, I'd expect for a short pullback. Be sure to watch the news for any info that would either confirm or deny this move. A bullish divergence also looks to be present on the DXY.
This trade set up is depending on whether the pair makes a new high or reverses off the resistance zone. In the case that it makes a new high, I would wait for a pull back on the resistance zone to place my long order. In the case that it breaks below the support line, I would place my sell order immediately.
Watch for either the break of the mid support zone or the upper resistance before entry. If break upper, go long. However, the trend seems to have reversed so I would bet it breaks south.
Look for rejection off the top resistance zone. Watch the 4 TP zones for exit points.
Buy Order: 1.33739 Stop Loss: 1.30680 Take Profit: 1.37536 Alternative Take Profit @ 1.35240 depending on risk appetite.
We have approached a VERY key zone on the EURUSD pair. Weekly Chart: i.sli.mg I am expecting a breakdown below this support area. This setup is very long term so please keep that in mind. If you plan to follow it, make sure you plan accordingly for risk % and margin requirements. Here is my setup: Sell Order: 1.04938 Stop Loss: 1.08894 Take Profit:...
Similar to USDJPY. Taking a long position on this
Strong DXY right now, let's see how this goes..
Watch DXY as it will give you an idea of where to place trades on other USD pairs. I am predicting a bounce off the resistance line at around 96.27, then a bounce off support at 95.26. FInally one more bounce around 96.27 down to support at 94.01.
ready to launch! Let's see how this works out!
Sell the support break, Buy the bounce. Targets outlined on chart.
Quick short opportunity. Looking to buy around 1.109 and aiming for 1.125