We have placed a long entry here 1.1128 structure that was broken on 19th August. The Retracement from 1.17120 to this level is the confirmation of how important the 1.1128 is. In addition 200SMA is playing it's role by supporting the pair. On the flipside we will turn bearish again below 1.1084. LONG: 1.11280 STOP: 1.10845 TARGET 1:1.14180 T2: 1.17120 GLT: For...
The picture here is very bad for AUD. The trend has been a strong down trend and every attempt to bounce above the 200sma was rebuffed. here we have an easy decission and trading range. below 0.7233 -0.7258 we see more selling. A recovery above 0.7258 price will accumulate strenght towards 0.7371 For more updates follow us on twitter @charts_247
This is as good a trade you will ever find! The CAD is ready to capitulate and NZD has turned GREEN on the Weekly Chart. To back this up, USDCAD is still green despite the fact that USD is very week!. The picture here is very clear, 0.86135 is the structure that was broken with no follow through; but traded back with upside momentum. LONG: 0.88296 STOP: BELOW...
As we can see, the trend is really Down. Also we have an interesting price action that suggests long trade is favoured from here. The key figue here is 0.66190 This price is a structural point and the only way to trade is to long above or short below. Currently price is above, we are long! stop below 0.66190 Target 0.7210 if 0.67370 is cleared. GLT For more infor...
See the chart for details: This trade is pretty clear; Long is favoured. If short is triggered we will sell with caution! GLT For more updates follow us on twitter @charts_247
Our take profit was triggered! 1.5273 position closed
1.1128 IS A STRUCTURAL FAILURE TO THE UPSIDE! THIS WAVE HAVE FAILED TO MAKE A LOWER LOW. THIS TYPE OF SET-UP DOES NOT NEED TOO MUCH ANALYSIS. TECHNICALLY WE HAVE A LONG TRADE, FUNDAMENTALLY IT IS CONFIRMED THAT EURO IS MEANT TO RISE. BUY @ 1.11280 STOP 20PIPS BELOW THE STRUCTURE 1.1108 TARGET 1: 1.1435 A BREAK OF THIS AREA WILL BRING LARGER RALLY INTO THE...
USDJPY IS TRAPPED IN A REVERSAL STRUCTURE @ 124.46 -Lower timeframes suggests this pair will continue lower as long it remains below 125.00 -The 125.00 was rejected clearly with momentum. -With this action already in play we will remain short the pair for an initial target of 123.08. -a successful break of this area should drag the pair towards 122.62 where we...
Every rally was sold in the past 2 weeks in this pair. The down trend is very clear and we are in from here 0.7370 STOP: 0.74 TARGET 0.7250 and lower if broken with momentum GLT For more updates and info follow us on twitter @charts_247
We have seen the initial rejection early in the week from this level 1.4810 which is a key number for the past month. The price behaviour suggest long from here again. 200sma is also holding the price at bay here and we have a good risk-reward trade here. LONG FROM 1.4810 STOP LOSS 1.4730 TARGET 1.5060 & 1.5270 GLT For more info and updates follow us on twitter...
Cable have been in trap and release mode. The pair is trading mainly in the 1.5675 and 1.5520 zone for almost 30days. This is significant! we have established a few long trades during this time expecially @ 1.5587 without a follow through. most trades were manually closed with some profits and break even. Here today we are expecting big news on GBP, a break...
On Wednesday the pair made a significant move to 125.00 We have seen a normal reaction after this move and we are joining the party. The overall picture (WEEKLY & DAILY) is very strong. Timing your entry is the main thing in USDJPY for now. Long :124.80 Target: 125.80 stop loss: 124.50 GLT For more info and updates follow us on twitter @charts_247
The Dollar-Cad has shown a sign of retreating from the high printed at 1.3173. The price formation here sugests that we have a decent short set-up. We have initiated a short from 1.3144 with anticipation that 1.3100 will eventually break down to expose more slide in the pair. Stop Loss: 1.3155 GLT. For more updates follow us on twitter @charts_247
This pair is taking its time to continue forward and it is entitled to take what ever time it like. One thing that is certain is that we are bullish above 1.5587. A break above 1.5674 will clear the way for further advance. Stop loss: 1.5520 GLT
The pair has broken out of the range after a huge selloff. We are long from 0.7310 targeting 0.7370-0.7396 in extension. GLT
After a break of 135.06 last week, we have seen a retracement towards this level. Price has formed a nice pattern testing the 200sma and the gift has just been broken too. Long here @ 135.80 Stop Loss: 135.20 Target: 137.75 GLT For more updates follow us on twitter @charts_247
The high made overnight will prevent this pair from trading below 1.4810 before retesting 1.4946 (Discounting). We are long from 1.4835 stop loss: 1.4800 Target: 1.4920
We are clossing all open position early. Trade resume after Fomc