charts247

charts247

The price action for this pair is the clearest so far in all the major pair, which sometimes is a trap! But we will trade what we can see on the chart. Price broke an important area 1.0672 on the 18th November to the upside, the reaction was good by trading back to confirm this area. Now we have seen price action in the lower timeframes trading with momentum....

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This is a no brainer trade, the USD Basket is in a reversal mode. the same applies to usdjpy and other major pairs. We are short from 1.3278, we target 1.3039. a stop is placed @ 1.3375. Trade with care... Follow us on twitter @charts_247 for more info and updates

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Last week We had a long trade which was stopped out on this pair before turning around and hit our target. This is a common theme after NFP. Sometimes we would love a bigger stop but it is better to live to trade another day than to be exposed to the volcano. Anyway, this pair as we can see broke the momentum high 123.59. Price failed to remain above this point...

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USDJPY as we can see is going nowhere in a hurry, the pair is getting ready to move another leg up. We are long the pair from here 122.82, a break of the gift pink line plus a close above the 123.00 will further move the pair upward. stop is place just below 122.60. We target 123.57 first before any further move towards 124.00. GLT. Follwo us on twitter @...

charts247

AUDUSD As we can see, paid up nicely last week. We took profit and closed our trade at 0.7025 in anticipation of some pause in the pair. Today we have seen some action in the pair that suggests the downside is about to resume. We are going short again here @0.7060 a break of 0.7020 area will open the door for a move to 0.6934. We are expecting price to...

charts247

We have booked full profit on this trade. We expect price to go lower but we will stand aside for a clearer movement maybe an opportunity to short again at a better price. Have a good week of trading. Follow us on twitter @charts_247 for more trade ideas and updates

charts247

Booked full profit and exit position for now...

charts247

We have booked full profit on this pair..according to our analysis:

charts247

Well, this pair had an eventful week last week, the price refused to sell below some key areas 120.00. This week we have seen price recovered and the last 4hr candle closed above a significant structure at 121.47. Above 121.72 we expect price to continue higher towards 122.42 and 123.00 area. Stop placed below 121.40 GLT For more updates and info follow us on...

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Last week we enter the trade based on broken triangle to the downside. Even with the upside we saw after the FOMC we remain firmly bearish and more low is now expected. First triangle target is : 1.7025 stop : 1.7127 GLT: For more info and updates follow us on twitter @charts_247

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This trade reminds me why you have to allow room for your stop loss. our stop for the initial setup is placed 5 pips below the 1.3039. Price traded till 1.3038 and turned back. We stick with the long trade and more upside is expected in the pair. GLT: For more info and updates follow us on twitter @charts_247 Trade with care

charts247

Target hit and more low expected according to our analysis for more updates follow us on twitter @charts_247

charts247

We are long this pair, pair traded back into the structure, today's gift has also been broken. Target 88.60 stop: 86.00 GLT: For more info follow us on twitter @charts_247 Trade with care....

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THIS PAIR AS WE CAN SEE IS MAKING A HEADWAY BACK TO THE TOP, THE KEY FIGURE HERE IS THE 184.93. THE PAIR TRADED BACK ABOVE THIS PRICE POINT ON FRIDAY, AND A SUSTAINED MOVE TODAY HAS CREATED A CHANCE FOR US TO REMAIN LONG IN THE PAIR. FIRST TARGET IS AT: 189.69 EXTENDED TARGET IS AT THE TOP OF THIS MOVE 195.86 STOP: 183.90

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THE EURO AS WE CAN SEE IS RED! ANY PULL BACK MUST BE SOLD. WE WILL INITIATE A NEW SELL AT THE BREAK OF THE PINK GIFT LINE WHICH SHOULD EVENTUALLY TAKE US LOWER. A STOP IS PLACED ABOVE 1.1095. TARGET: 1.0894 GLT FOLLOW US ON TWITTER FOR UPDATES @CHARTS_247 TRADE WITH CARE......

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WE HAVE A VERY INTERESTING SCENARIO HERE, A STRUCTURE THAT REFUSE TO BREAK IS ALWAYS AN INDICATION THAT PRICE WILL GO THE OPPOSITE SIDE OF THE BREAK. WE HAVE A LONG TRADE HERE AT 0.9358, WE ARE EXPECTING PRICE TO TRADE BACK INTO THE STRUCTURE AND TAKE OUT THE HIGH OF 0.9577. STOP IS PLACED BELOW 0.9250 TARGET : 0.9577

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THIS PAIR PULL BACK IS CAPPED AT THE STRUCTURE WHICH IS AN INDICATION THAT PRICE WILL RESUME ITS PRIMARY TREND. WE ARE LONG FROM 1.3089 TARGETING A BREAK OF 1.3277 WHICH WILL TAKE US TO THE UPPER BAND OF THE INITIAL MOVE. STOP IS PLACED AT 1.3039 GLT: FOLLOW US ON TWITTER FOR MORE UPDATES @ CHARTS_247

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GBPNZD IS RIGHT TO SELL THIS PAIR FROM THIS LEVELS AFTER A PULL-BACK. THE TREND IS OBVIOUS (RED-ARROW). WE ALSO HAVE A CLEAR BEARISH CANDLE ON 28TH THAT SUGGEST THAT THE DOWNSIDE IS FAVOURED. WE ARE EXPECTING PRICE TO TRADE LOWER FROM THIS AREA TOWARDS THE LOW OF 2.2434 AND BELOW. STOP IS PLACE JUST ABOVE 2.3026 TARGET: 2.2344 GLT: FOLLOW US ON TWITTER @CHARTS_247...