francesgurton

francesgurton

NZDCHF looks to continue its bullish long-term trend after a few weeks of bearish momentum. Price recently broke above the descending channel and the 4h EMA, suggesting a trend reversal. If price holds at the ascending channel support (around 0.6435), and fib level 78.6%, we could see bullish momentum really kick in, up to the 0.6545 level. Entry checklist: -...

francesgurton

Pending short trade on EURGBP. Technicals: - descending channel - strong rejection at channel resistance - sharp rejection at 61.8% fib level - rejection of previous support around 0.8510 - In line with the downtrend of EURGBP - bearish confluence among indidicators Fundamentals: GBP appears stronger than the EUR as recent figures show a growth in UK economy...

francesgurton

potential short on EURCAD, as price approaches resistance Key areas: - 61.8% fib level - Resistance of descending channel (1.4815) - key previous support around 1.4760 level Checklist for entry: - rejection at 61.8% fib level - rejection at the resistance of the channel - rejection/break under 4H EMA - rejection at 1.4760 previous support level - bearish...

francesgurton

CADCHF recently showed some bullish momentum and broke through the 4H EMA. Price has since returned to the support line of its ascending channel. If we see price reject this support line, fib level 78.9% and break past the 4H EMA, price will likely continue its bullish momentum and hit the 0.7420 area (previus support) Entry check list: - rejection at...

francesgurton

Bearish flag forming on AUD/USD. Will likely see a continuation of bearish momentum if we see price break below support at 0.7350 level. Entry conditions: Bearish confluence among RVI and MACD. Break out and retest of support

francesgurton

Potential for a short on EURCHF Technicals: - Rejection at previous support and resistance of descending channel (both highlighted yellow) -In line with the current down trend - Bearish confluence among indacotrs - Rejection at 0.5 fib level

francesgurton

Potential bullish rebound on gold?

francesgurton

Technical: - Ascending channel - Following the 4H EMA - Looking for rejection previous resistance and the support line of the channel for bullish confirmation Will wait for bullish confluence among indicators (currently not in our favor) before entry, to further increase trade probability. Fundamentals: - The UK unlocking on Monday 19th could see a boost in the...

francesgurton

Possibility we could see rejection at resistance and previous support (1.0836)

francesgurton

Possible descending triangle forming Potentially for a break below support and then a retest before continuing bearish trend.

francesgurton

Bearish Symmetrical Triangle - Following the bearish trend - Looking for a break out below support of the triangle and retest before entry - Bearish confluence among indicators

francesgurton

Long opportunity if: - Rejection at support - Rejection at 61.8% fib level - Bullish confluence among indacotrs and going with the overall bullish trend.

francesgurton

Looking out for continued bearish momentum. - Rejection at resistance - Rejection at 61.8% fib level - Overall bearish trend

francesgurton

We could see bullish momentum continue if we see bullish rejection at support and the 78.6% fib level. JPY weakness driving the fundamentals

francesgurton

The possibility we could see price bounce off the support, to resistance and 0.382 Fibonacci level before the downtrend continues. the entry point would be after: Confirmed rejection at resistance and the 0.382 fib level (0.9050) Bearish confluence among indicators (MACD, RVI) Always in line with 4H EMA and the overall trend of currency (bearish) Ensuring that...

francesgurton

Potential for more downside?? Could see price reject at resistance and at the 0.382 Fibonacci level. Price has been in a downtrend (very strong on the 1D timeframe) so we could see this movement continue. Remember; The Trend is Your Friend.

francesgurton

Expecting price to come back up to the resistance of trendline (1.4750) and the 0.618 Fibonacci level. We could then see some bearish rejection at these levels and see price continue its downward trend.

francesgurton

- A retest of previous support at 0.8770. - Rejection at 0.618 fibonacci level. - Continued momentum wth current downtrend