Buy above 1.2966. Stop loss at 1.2893. Take profit at 1.3164. Reason for the trading strategy (technically): Price is dropping strongly towards major support at 1.2966 (multiple Fibonacci extensions, horizontal swing low support, Elliott wave theory) and we expect a bounce above this level to at least 1.3164 resistance (Fibonacci retracement, horizontal pullback...
Sell below 0.7324. Stop loss at 0.7347. Take profit at 0.7262. Reason for the trading strategy (technically): Price dropped perfectly from our selling area yesterday and is on track to our profit target. We prepare to sell again 0.7324 resistance (Fibonacci extension, horizontal swing high resistance, bearish price action) for a push down to at least 0.7262...
Sell below 0.7697. Stop loss at 0.7725. Take profit at 0.7634. Reason for the trading strategy (technically): Price is approaching major resistance at 0.7697 (multiple Fibonacci extensions) and we expect a strong reaction off this level for a drop to at least 0.7634 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing...
Sell below 85.06. Stop loss at 05.25. Take profit at 84.38. Reason for the trading strategy (technically): Price is approaching major resistance at 85.06 (Fibonacci extension, horizontal swing high resistance) and we expect a strong reaction from this level for a drop to at least 84.38 support (Fibonacci retracement, horizontal overlap support). Stochastic...
Sell below 1.2741. Stop loss at 1.2764. Take profit at 1.2652. Reason for the trading strategy (technically): Price has finally started to drop nicely from our major resistance at 1.2741 (Bearish price action, horizontal resistance, Fibonacci extension) and we expect a further drop from this level to at least 1.2652 support (Fibonacci retracement, horizontal...
Sell below 0.9734. Stop loss at 0.9756. Take profit at 0.9675. Reason for the trading strategy (technically): Price is now testing major resistance at 0.9734 (Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction from this level to drive price down to at least 0.9675 support (Fibonacci retracement, horizontal swing low support,...
Sell below 125.13. Stop loss at 125.36. Take profit at 124.63. Reason for the trading strategy (technically): Price has shot all the way up and reached our profit target perfectly. We prepare to sell below 125.13 resistance (Fibonacci extension, Elliott wave theory) for a short term setback to at least 124.63 (Fibonacci retracement, horizontal pullback...
Sell below 1.1200. Stop loss at 1.1221. Take profit at 1.1140. Reason for the trading strategy (technically): We have seen price form a really nice reversal pattern. We remain bearish below major resistance at 1.1200 (Fibonacci retracement, horizontal pullback resistance, bearish divergence) and we expect a drop from this level towards at least 1.1140 support...
Buy above 111.31. Stop loss at 110.45. Take profit at 113.06. Reason for the trading strategy (technically): Price has started to shoot up nicely after consolidating for the past few days. We remain bullish looking to buy above 111.32 support (Fibonacci retracement, horizontal pullback support) for a further push up to at least 113.06 resistance (Fibonacci...
Buy above 1.3221. Stop loss at 1.3154. Take profit at 1.3387. Reason for the trading strategy (technically): Price has bounced off nicely from our buying area yesterday. We remain bullish above 1.3221 support (horizontal swing low support, horizontal overlap support, fake bearish breakout) for a corrective bounce up to 1.3387 resistance (Fibonacci retracement,...
Sell below 0.9762. Stop loss at 0.9811. Take profit at 0.9641. Reason for the trading strategy (technically): Price is once again right on our selling area. We remain bearish below major resistance at 0.9762 (Fibonacci retracement, Fibonacci extension, bearish divergence) for a drop from this level to at least 0.9641 support (Fibonacci extension, horizontal...
Buy above 1.1120. Stop loss at 1.1106. Take profit at 1.1183. Reason for the trading strategy (technically): Price has dropped strongly since yesterday. We remain bullish above 1.1120 support (Fibonacci extension, Elliott wave theory) for a push up to at least 1.1183 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing...
Buy above 123.78. Stop loss at 123.15. Take profit at 125.32. Reason for the trading strategy (technically): Price is approaching major support at 123.78 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we expect to see a bounce above this level for a rise to at least 125.32 resistance (Fibonacci extension, horizontal swing high...
Buy above 111.31. Stop loss at 110.45. Take profit at 113.06. Reason for the trading strategy (technically): Price has made a retracement to its entry level and looks set for another bounce for a further push up. We remain bullish looking to buy above 111.32 support (Fibonacci retracement, horizontal pullback support) for a further push up to at least 113.06...
Sell below 84.70. Stop loss at 85.71. Take profit at 83.90. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area and is fast approaching our profit target. We remain bearish below 84.70 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to at least 83.90 support (Fibonacci...
Sell below 109.66. Stop loss at 108.23. Take profit at 110.40. Reason for the trading strategy (technically): Price has dropped strongly towards our profit target. We remain bearish below 109.66 resistance (Fibonacci retracement, horizontal overlap resistance, for a further push down to at least 108.23 support (Fibonacci extension, horizontal swing low...
Buy above 1.3221. Stop loss at 1.3154. Take profit at 1.3387. Reason for the trading strategy (technically): Price continues to drop strongly and seems to have turned a corner recently. We remain bullish above 1.3221 support (horizontal swing low support, horizontal overlap support, fake bearish breakout) for a corrective bounce up to 1.3387 resistance...
Buy above 1.2633. Stop loss at 1.2483. Take profit at 1.2886. Reason for the trading strategy (technically): Price continues to bounce up nicely from our buying area. We remain bullish above 1.2633 (Fibonacci retracement, Fibonacci extension, horizontal pullback support, bullish divergence) and we expect a further rise above this level to at least 1.2886...