Alright, EU has fallen to the trendline where the bulls and bears are fighting at the moment. However, Longs from these levels are excellent because the risk is minimal compared to the possible reward. Today Euro news and later on the USD news will move the price whichever direction market makers decide it goes. If the bulls can capture the 61.8% fib zone, then...
Gj looking nice long from trendline support and 61.8 fib level. Looking to fill the gap. Targeting to -38.2 fib and to -61.8.
Yeah, so the chart most likely tells more than words. But, anyway, the last week closed as a bearish engulfing on a daily chart, and I expect this to be just a retest. From swing high to swing low drawn fib retracement shows that the price is sitting on a 61.8 % fib, which gives us an excellent risk to reward to this trade as the stop loss is just slightly above...
The chart tells more than a thousand words. Tomorrow RBA meeting coming should send this pair from these levels to higher and test trendline. Also, there is FOMC coming up on Wednesday and if we see dovish fed then I see this pair breaking the trendline and flying towards 0.7050 ish. For more confluence go to the weekly chart and look left. Buying these levels...
Ok, so yesterday this pair broke the trendline but failed to stay above it and after Cad had some positive news it dropped back to where the rally started. However, today is the big day for the pound and I'm expecting to trendline break and hold this time to see a rally towards 1.69 where the next meaningful resistance is. Pair has created simple W bottom...
To be honest this is probably one of the cleanest setups I've seen for a while as the price has tested the 0.705% and 61.8 fib and is currently sitting on the levels of it. Very soon news coming from the UK and if they're hawkish I see price making sharp moves. Stops below the 0.705% fib and targeting as the arrows show.
This pair is providing us an excellent looking opportunity to go long from these specific levels by doing, so it gives us a minimal risk to good reward. I think the chart speaks for itself and is pretty clear. I'm already in a trade and looking forward to seeing this pair to take sharp moves later this week as there is some AUD related news coming. However,...
Alright, so GJ broke the resistance zone and the trendline earlier and is now sold to the level of the trendline and the mentioned resistance which very likely is holding now as support. There is also an ABCD pattern, and the price is now at the C leg and is ready to move higher and probably test the resistance, which gives us good 100 pips reward and a good...
I think this setup has the potential to hit the targets even today. The price has been kissing the trendline and is now taking speed from the earlier zone that has broken and it now supports the level. TP:1.6900 ish SL:1.68250
Alright, next week I'm focusing on GBP pairs as the beginning of the week starts with news coming from GB. As Trump is supporting Brexit and the "great deals" to be made between the US and GB, I'd like to see this pair finally to make some moves to the upside as the other GBP pairs have already started to show some strength after falling for the whole...
The pair has dropped for the whole may, and the price is currently sitting on trendline support where also daily 200 ma is located. It's also currently bottom for the channel and bulls could take the dominance from these levels. There are few "roadblocks" for the upside movement naturally, and the first one is on the 1.83 ish where the decision for the trend is...
Yen has been steady, and when it's strong, the ride feels like never-ending. However, the price has arrived in weekly 61.8 fib, which suggests that some correction will happen. The overall trend, of course, is bearish that's clear as blue sky, but I'd see price correcting at least 100 pips to top of the channel before it's clear which one is dominating from that...
Everything important on the chart
Its the time of the month when gold has started its recent rallies 2015-2018. Sell off after recent highs in my opinion is just a corrective move before gold is moving to even higher this year. Donald Trump said “We have a gentleman that loves quantitative tightening in the Fed. We have a gentleman that likes a very strong dollar in the Fed. So with all of those...
After swing high price has made ABC correction to the bottom. From the bottom price managed to make waves 1234 and i see 5 wave at the 1.15 zone
Expecting the 3rd touch to wedges bottom to be bounce up and after that finally a break above trend line to retest highs. Rectangle represents daily supply zone , where smart money has buy orders. CPI at Thursday should fundamentally support this idea. Enough talking, trading is simple manage your money and risk.
We have seen price rally very impulsively to daily resistance zone, which could be very good zone to go short with small risk. Overbought rsi indicates reversal. There will be Aud news in 2 hours, so keeping stops just above recent high is recommended.
Bullish moves are very likely to going happen. Price has made it to the C leg and its on is way to D. Bigger picture could give even higher rewards, but this is just short term trade