Looking at now jumping on the next upside move as I missed the reversal last week. Price is already rejecting a retracement area so from here ill be watching very close for entry's.
Looking for AUDUSD to sell off and create the overall longer term continuation back to the downside. Price is looking like its ready to drop im just waiting for the best entry point!
Still hunting a better area for entry probably will wait to see if price can return to the support of 1790.
Looking at catch the next leg to the downside on GBPJPY to continue the overall sideways consolidation at this major resistance area. Ill be watching price from now and look for any confirmation around these current levels to take entry's, we are around the 50% retracement so even a little further push up would be ideal.
Just monitoring price around the current support to see if we can get an obvious push back up for a retracement and then ill be looking for those short positions for a continued move down on the higher timeframe.
Looking at catching the pullback move back down to atlest 1.25400, we are still in an overall 4 hr uptrend so make sure if you do enter and go into profit, move those stop losses to breakeven pretty quickly.
Was going to stay out of this but price is showing all the right signs for a move up to atlest to 1.35500. 1% risk as usual and hopefully this can open the winning account for the week.
Base of the analysis of the pair, the impulse wave downwards looks like it is yet to be completed and theie is still room for a continuation downwards. But after the impulse is complete, we will be anticipating a retracement upwards for a sell opportunity. NOTE: Not a recommendation. Just an opinion.
EURAUD exactly as explained yesterday, unfortunately missed my ideal position but I'm still looking at entering longs if the old resistance can hold as a new support around the top of that zone for a quick move up.
wait, breakout and going test resistense and breakout support go sell
Prices are in a downward channel and they are expected to break the channel in the upper side, this is good opportunity for traders to initiate long positions. Swing traders can initiate long positions and hold until their preferred take profit levels are hit.
Opened short position. H1 or M15 resistance has been reached, on M5 clearly visible trend change. Small stop and good potential profit.
Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see, the price is currently in falling wedge. One can go for a sell trade. Let us know your views on this in the comment section. Thank you all. There is good news for...
Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see, the pair is very close to its Symmetrical Triangle breakout. One can wait for it to break either support or resistance. Let us know your views on this in the comment section....
Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see, NZDJPY is currently inside Descending Triangle and is close to a breakout. There are two possibilities as shown. So one should wait for the breakout. Let us know your views on...
NZDCAD LONG IDEA NZDCAD has been very bearish on the higher time-frames but we have seen a bit of a bullish trend on the daily. We can see that the weekly resistance level around 0.85000 was broken last week and price action is currently consolidating. Although we see a lot of exhaustion on the daily there is bullish pressure still present. On a 4hour...
NYSE:FMX Very particular this pattern in which the price has been bouncing perfectly for 6 and a half years on the parabolic support and is in the theoretical final phase before any breakout of the resistance that lasts a long time. We set the alerts and wait. Stay Tuned! finance.yahoo.com