It is more likely for the pair to rally and visit 3700.00 if the the strong support at 3662.8 remains unbroken. If successfully broken with no fail breakout then our next target would the trend line which started in April 2016.
Looking for buy setup to ride this expected move
the correction phase is at its last stage. and then we may have another impulse bullish move if the triangle is broken successfully from upside. - Weekly chart ( Bullish uptrend ) bullish weekly bar. - MACD Histogram the histogram is printing a lower bar then the previous one below the zero level. there is a double bottom in the histogram - Elder impulse...
Bulls may see this divergence, however we have some strong data coming out. so I will wait and see how will my boy response to this data and the structure we have
If we can get a PB to PREVIOUS support preferably at 1302 area. This will be the first leg of the second ABC. then we shall be looking for bullish formation and pattern to go long to our next resistance where the C leg will be completed.
the support at 0.68460 was touch but price bounced back from it. my long position will be confirm if todays bar close above the bearish term trend
I am bearish on this pair until it breaks the daily downtrend line which was tested last week during NFP time however the price was rejected sharply to the down side not leaving the channel , giving a good confirmation to sell short but I have to wait till Monday for more confirmations. The daily price action gave us a pin bar which if confirmed on Monday by...
GBPAUD reached the point where the selling started (Strong resistance) the red rectangle signal : waiting for SELL opportunity (PRICE ACTION) SL: Above the red zone TP1: 1.8082 TP1: 1.7950
EURUSD is probably going to revisit August low as the data on Friday fevered the Dollar Index.Therefore, I will be selling this pair after a pullback. The pullback may Probably be up to 23.6% fib which is meeting (confluencing) a resistance on that area ( 1.1578 - 1.1569 ) My target is fib extension 161.8 % @ 1.14000
The breakout on the daily channel has fail leading to a two bar reversal in the daily chart and was conformed in the 4H chart too. now I am waiting a pullback and a retest of our recently broken S&R in the 4H. I would prefer to see price action in this level to go short.
EUR/JPY tested the low of 2015 on Friday 10/08/2018. but was not able to break it. the price pulled back and showed some signs of a reversal on the lower time frames. Monday opens will probably see some long trades before we continue our short move.we are expecting a pullback of 120 pip aprox testing 50EMA on the monthly chart which is in confluence with a...
I would prefer to wait and see a chart pattern after the support line .