At 1.74030 level a buy is preferred as we see a similar trade opportunity up to the 200 day ema as before. NOTE: BOE rate decision at midday so not for the faint hearted.
A clear 200 day ema support hold so we can be confident of taking a long trade now the short term downtrend has broken. For added confluence we see a new bullish MACD/RVI and parabolic switch. Monitoring closely as in a period of high impact news announcements. Updates daily in the VIP group chat.
We see a long opportunity as momentum flips to a positive standpoint. Stop can be placed just below recent low. TIP: Keep an eye out for any high impact news due!
Here we illustrate the 200 day ema old resistance/new support. A long trade can be taken at 93.900 (our level of interest LOI) as parabolic engulfment and reversal occurs.
Struggling for inspiration today but we have a long opportunity in EURNZD as price hold at 200 day ema support after a higher low and new bullish moment parabolic switch.
Following on from this mornings analysis and our watchlist this short trade has now been triggered at 95.620 level. Please be strict with your risk and trade management.
We have taken this short trade at 167.469. Favoured due to GBP's recent weak sentiment and this needs to play catch up with the MACD turning bearish as we write. Technically prices are struggling to break through mid May's highs and therefore a lower move can be expected in the short term.
We see a long trade opportunity early this morning as we have positive price action in play. A decent risk reward ratio on trade entry 1.73959 S/L 1.72720 T/P 1.75990 can be placed. Note: RBA Rate Announcement our early Tuesday morning to be aware off so mage trade proactively.
DOW FX FTM H1. A quick short trade is upon us on the H1 timeframe as momentum turns bearish.
We highlight a BUY STOP entry trade ay 1.09760 level placing a stop at 1.09200 T/P 1.10450. Nice 200 day ema support adding confluence. Note: we only keep pending order open during the session GTD.
We have input a pending sell stop order at 1.25635 S/L 1.26830 T/P TBC. Nice structure as if price hits the parabolic reversal level we can assume 200 day ema resistance has held and further downside price propulsion. Note: we only keep pending order open during the session GTD.
Following on from todays analysis we see price action pushing through resistance and a long has been taken at 9.89522 level. Watch out for HIGH IMPACT GDP figures in the US this afternoon.
An important resistance level confirms as price action stall at the all important 200 ema level. As momentum switches positive we can look to enter a short trade at current level 0.90788 placing our stop for capital protection at 0.91414 level. Happy trading ITA :)
We have a large bearish pennant breaking down which suggests further downside propulsion ahead. Stop area just above resistance line shown. TIP: Limit your risk and proactively manage your trades.
AUDJPY FX FTM H4. We have taken a short trade as 200 day ema resistance holds as new bearish momentum kicks in for added confluence. Short entry level 90.233.
EURNZD FX FTM H4. We have a long/buy opportunity in front of us as price action and confirmation indicators concur. Long entry level 1.65964 S/L 1.63469 T/P TBC.
CHFJPY FX FTM H4. Long trade continuing with uptrend after a new parabolic switch.
A reversal trading with the downtrend allow a short trade entry at current level 14050. Keep strict with your risk allocation and trade management.