Hy dear Members. Hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURUSD. EURUSD is again getting a strong rejection from this main Trendline. Here we can see small Retesting after this here we can see again price at 1.06
Level.
Pound/Dollar has some potential here.
Using the RS ADR tool you can see the Average Daily Range of 114 pips takes us to the red pivot level just above 1.23000. This correlation gives us a nice take profit point with the usual double bottom pivot levels and bullish price action giving us the entry point. Taken a risk with a slightly early entry as price hasn't...
BTC is in a daily zone with a nice average price of 47K.
The market average price can be used as a magnet, price will eventually come back to the middle price.
The further it goes from the middle the more probability it will come back to the middle.
The more above the better SELL opportunity's
The more below the better BUY opportunity's
Hope this can help you...
AUDUSD has made a strong move early today which is double it's average daily range.
This shows how the ADR can be used to exclude trade ideas, given the expected move has been well extended we wouldn't anticipate a great deal of further upside.
Watching EURJPY for a longer term play anticipating a break of the consolidation zone.
Price has been on a run since March 7th so there is potential for a small retracement in price below 134.700 before further continuation higher. That 134.700 level + 1 ATR would be a my stop position on a positive break of the range here too. Downside move stop would be ATR...
Looking for a long on USDCAD after price stopped high of the DRL yesterday and started to trend up on bullish volume.
Today we have an initial low followed by a retest and hold over several hours showing selling can't push price past 1.30800.
Uptrend paused at yesterdays daily high so we'll look for a higher low to be set at the 30min Vol high with TMP around...
GBPUSD is forming a wedge on the 1H chart. The 15m chart is now showing bullish signs as well with the APRR oscillator forming a triangle and pinbar support forming at resistance from the daily range minimum.
