Price has pulled back to what I think is a solid short term resistance prior to the London open. Therefore I am looking to buy at market, targeting 1.65 as a first target. My extended target is all the way up at 1.66.
Looking to profit from this strong counter trend move which is followed by a corrective move, indicating the sellers are still very present.
Looking to enter at current price with multiple take profit levels.
Fast drop, suggestive of (if only short-term) reversal approaching. Fibonacci inidcates 850, trendline of lowest points 870s. These points worthwhile positions to open short term long positions for a target of 940s
EURUSD SHORT term expected (Daily Resist Rejection expected)
The Daily trendline break now wait the Daily Resistance at +-1.07900 rejection.
Wait for a good short confirmation before short, place your stoploss below the Daily Resistance for good Risk reward.
Mimicing the stucture on the GBPNZD I think this corrective structure we are seeing on the 1 hour chart is indicating another bullish move around the corner.
Planned entry is on a retracement into 1.0708 with primary target around 1.072 and extended target around 1.074.
The corrective structure we are seeing on the 1 hour chart is hinting of at least another re-test of the 1.74000 area. Looking to go long if we get a retracement into 1.7372. First target therefore is 1.74 and if that level folds, extended target is 1.7460.