This pair is still in a strong upside trend at least short term. There hasn't been any violation of the current trend. Even the lower High did not make a valid Lower Low that might contribute to the downside momentum. Lot of key economic actions today and we have to bear that in mind. We are going Long the USDJPY above structure 109.39. Target is...
This pair we have been trading short term the previous 2 dontrend structure triggers, Price made a Higher low of 107.88 which in theory should propel the buyers beyond current level of 108.70. However, the behaviour we can see here is typical strong reversal for the continuation of downtrend. This completed wave is the last chance for Sellers, if price breaks...
SHORT TERM: 30MINS Candlestick Chart EURUSD is still very Bullish according to the price pattern we have in this pair. 1.1485 is the Buyers Territory, it has been broken to the upside with momentum, that break confirms positioning and direction. the formality that preceded that break has to happen. A correction which is discounting price, the only time this...
The downtrend is strong and in place, we have seen a normal correction. Price is stuck between 50&61.8% retracement of the 2nd wave down, the option here is to short below 143.55. A very tight stop is required because if price trade above 144.15, a bullish run is possible. Having said that, the dominant force is the downtrend. SHORT:143.55 STOP: 143.95 TARGET...
A well beaten Aussie still sit just above the Bullish line, 0.7210 stand as a price structure that will dictate where price will end up in the short term. A violation is in place, we can expect a push to the upside to correct the violation, buyers may push price above the momentum high or just shy of the high. Entry Long: 0.7230 Target: 0.7343 StopL:...
The Bullish run is losing its momentum, price currently sits above an important structure 113.38. A rollover below the structure will pose downside risk to the gains made by buyers. We are short below the 113.38 targeting 112.59 area. Stop above the current high 113.55. --------------------------------------- To achieve consistent results; as a Trader your Job...
The situation here is as clear as it can be. We have a Bullish momentum that took price all the way to 1.1472 last week, what we have observed since then is just a normal correction. We have a Higher High and Higher Low, the current retracement in price is another Higher Low of the last Higher High. Price as we know is the best indicator. Long at:1.1375 Stop at:...