A a clean break above the resistance zone would confirm our bias on this pair. What do you guys think?
Correction before another push to the upside!? Lets see how things play out.
A bearish set up on this pair would be preferable but we will simply trade what we see. Lets see how price develops further. Whats your bias? Let me know.
Potential for price to pullback to 76, key level in the market, before a continuation to the upside. If we get the push to the downside we are looking for, short term sells could be taken. Let me know what you guys think!
Quite a choppy pair of late, bouncing between levels. Shorts down to 72.4 are looking nice before potentially continuing back to the upside. What do you guys think? Let me know!
After last weeks weekly close below a key phycological level shorts on this pair are looking good! If we can get an impulsive move down, below 117.5 level, this will confirm our bias further. Lets see how price reacts around this current level. Let me know what you guys think!
Two possible scenarios for this pair. We are in a bullish trend so my preference would be a long position but as always, we will trade what we see! What do you guys think?
Longs from this area are now looking nice. We look to have broken our counter trend line, rejecting 50ma and 61.8 fib zone. I'll be watching price action on lower time frames for further confirmation! I recently posted a short idea on this pair but this is trading, have no bias and simply trade what you see!
If we can create a lower low on the daily timeframe this would confirm our short bias. Entry - We would be looking for a corrective structure on the lower time frames to then play a continuation to the downside.
Clear level of support has formed just above 1.26 level, if we can get a good period of dollar strength we could potentially play this up to 1.3 level. This is a longer term idea as this analysis is on the daily chart, lets see how this pair develops!
Simply looking for a continuation to the downside. Target - 1.375 region
Short term sells. Would need a nice impulse to downside followed by some sort of correction to consider shorting this pair. Lets see how things develop!
Will be looking for a pullback to the 127 region to consider long positions on this pair.
Will only consider shorts if we can get a clean break of trendline and s/r zone Consider longs if we get further rejection of trendline and s/r zone. We also sat at a key fib reversal level. Price needs to develop further to confirm our bias
Price broke back below a resistance zone in the market. On lower time frames we have created a lower low, will be looking for a pullback/lower high to consider shorts Target - R:R on this trade could be very nice if it materialises. Potential to play it down to the bottom of the range, 79.6 region
Break of Resistance zone, lower low created. Will be looking for a lower high/retest to consider shorts. Target - Looking to play it down to the trendline we have drawn on. Further downside target would be key level of 1.22
Confluences - Impulse to the downside, broke back below s/r zone, broken trend line and created a lower low. Entry - Will consider shorting this pair later this evening if we can create a lower high and get further short team bearish price action. We will have to wait to see how the market develops after 10pm ofcourse. Be wary of increased spreads between...