josemarcucci

josemarcucci

The pair is making a break after the big momentum the british pound had during the european opening... right now I see two possible scenarios (both of them bullish but I will wait for the right entry point) 1. The most obvious one is to enter on the break up of the triangle 2. The price can break down too and try the 61.8 Fibonacci level which would match with...

josemarcucci

The level ~80.7 is too strong resitance for the price I expect the price to get rejected from there... right now looks like a very good entry with a very small stop loss and decent take profit

josemarcucci

Right now the price seems to be reacting around the resistance level 1.953 which has already tried several times during the week... its an interesting level to take a final trade for the week from risk reward point of view

josemarcucci

After breaking the import level at 0.935 the price tried to comeback from where its mess to be having a reaction right now and give us the opportunity to enter into this nice sell opportunity with first target around the ~0.93 level...

josemarcucci

The price is putting a lot of pressure to break up and is reducing the space it moves and seems to be waiting for a momentum to finally break up beyond the 110 level... will see what will happen today after the news but there could be a big movement today

josemarcucci

Seems the price is giving us a double top opportunity as is the second time that tried to break up the level ~0.86 but failed ... so looks like a good sell opportunity with a first target the 0.857 and extension to 0.855

josemarcucci

The price has tested the resistance level ~118.5 from where was rejected... for it could try it once again and in case it fails, we will have a potential sell opportunity with potential target ~118.

josemarcucci

The price is trying again the 1.951 level and seems that is not going to be able to break it up... we are at the top of the triangle so is a very nice cost benefit opportunity which could reach at least the 1.9465 level

josemarcucci

The price found enough support in the 129 level and seems that is ready to re-try the 130.180 level once again... if the price reaches that level, a perfect head and shoulder will be formed and give us a even bigger opportunity to reach the level 132... for now I will take the advantage to get some profit till the level 130.180 a see what happens after.

josemarcucci

The price is moving in a very reduced range and is waiting just for the important news in Canada I guess to decide which direction to take. The triangle indicates that the price might continue going upwards but at this moment is difficult to say... I will wait for a break out and enter in the direction the momentum will give us...

josemarcucci

The price is an very important resistance area because it already fail to go beyond the 152.630 once and not is reaching that level with clear sign of weakness... I would expect to see a re-test of that level and entry with a clear bearish patter occurs... this complete idea will be denied in case the price breaks up strongly.

josemarcucci

This pair is giving us a very nice short opportunity as a head and shoulders patter is on it's way... it will take some time but we can take advantage of every of the different stages to be completed. I will enter short towards the level 1.874 and from there see what reaction the price will have because it can bounce back towards the level 1.879 or break down...

josemarcucci

The price is closing itself in a triangle and is jut waiting for a momentum to break... the triangle indicates that the price will continue its way up towards 0.745 level but a strong momentum for USD can completely deny this and break down the price towards 0.725 level. I will keep an eye on this price to see where the price will break to.

josemarcucci

The left shoulder and head are completed and we might see next week a potential increase of the price towards the 1.27-1.275 level from where I expect the price to find enough resistance... be aware that a potential short entry would be great at that point from risk reward point of view as the price might reach easily the level 1.23

josemarcucci

A bullish channel which started since last december was broken during last week which indicates there migh be a change in the trend... I expect the price to have some correction around the 195-195.2 level... I will be looking to short around that level with a great risk-reward opportunity to reach at least the 192 level.

josemarcucci

The pin bar from Friday indicates that the price is respecting the down trend line on the mid term. It looks as a great risk rewar opportunity because the price hardly will break up the 152.3 and in case down scenario the price could reach the 150.3 level.

josemarcucci

It seems that the 130.5 is quite strong resitance and for me it looks like the price won't be able to break it... It might try once again to break it but is high chance it will be pull back giving us the opportunity of a perfect double top patter... if this happends first target could around 129.9 with potenail extension to 129.5

josemarcucci

In the short term a potential long triangle is being formed. The price might try the 1.40 level once again where surely will find a strong resistance.... and as the price seems to be loosing strength we could have the price to go a bit short in the long term toward the 1.365 level.