Zenifix

Zenifix

EUR/USD Retraced 50% intraday to 1.3275 and failed to close above it. Stochastics indicating a losing momentum. Short EUR/USD at market around 1.2360 Target at 1.3220 127.2% Fib Extension of the retracement Stop at 1.3280 slightly above today's high

Zenifix

With 161.8% Fibonacci Extension and previous support level at 97.50 fast approaching, yesterday's rally on the pair could be limited around the region. As such potential to short the pullback is a potential trade today. Entry around 97.50-97.60 with stops slightly above 98.00 round handle. Target around 96.50 which was the recent congestion area. (Target is...

Zenifix

With 161.8% Fibonacci Extension and previous support level at 97.50 fast approaching, yesterday's rally on the pair could be limited around the region. As such potential to short the pullback is a potential trade today. Entry around 97.50-97.60 with stops slightly above 98.00 round handle. Target around 96.50 which was the recent congestion area. (Target is...

Zenifix

Bearish Divergence noted on the hourly, Failure at 1.5200 round handle warrants a potential move back towards 1.5000 - 1.5025. This is a cloud support area as well as 50% Retracement of the recent move up. Stop @ 1.5240 Target @ 1.5025

Zenifix

Key resistance level to watch intraday are 0.9200,0.9225, 0.9250. Any of this 3 levels are a good selling level, Because of that Stop are placed beyond 0.9260 Regardless of entry point Stop should not be placed more than 0.9275, doing so would likely shift AUD/USD back above the Ichimoku Cloud and invalidating the Short Trade Idea. Target #1 is located at...

Zenifix

Requirement! 1. Price must not close any higher. 2. A confirmed close below 1.5435 is a must Target is 1.5310 slightly above the 127.2% Fibonacci Extension and "00" Level. Stop is slightly beyond 1.5500 Reason: Stochastics is already above 80, any rejection from the Ichimoku Cloud would see the pair maintain downtrend. Should the Stochastics Drop below 80, the...