Let us talk briefly about the EUR/USD. The thing to note about this pair is that it has respected every major level of support. Another interesting thing to consider is that this pair has also been pulling away from the bottom of it's minor trend channel which indicates that demand may be emerging. From analyzing the weekly and monthly charts, EUR/USD prices are...
Within the large consolidation wedge that EURUSD has been in for the last 2 years, there's been quite a bit of movement that has presented a wide array of opportunities. Over the last month Euro broke out of an ascending channel after the Brexit announcement, confirming a new downward trend within a descending channel. EURUSD has approached the top of this new...
Taken a long position based on the following: - Weekly bullish engulfing candle - Broken 1.1150 resistance comfortably This might simply be a bullish trap as we've seen in the past, however with USD weakness in the clouds prior to NFP, lets see where this takes us. Trade safe
15 Minute Long Signal for EURUSD
Entry level right at the pull back to upper trend line of falling channel. Channel inside a channel.
Will be taking a long position on GBP/USD based on the following reasons: - Bullish hammer candle on Weekly TF. - Rejection of 0.786 fib - Respected ascending trendline You might be thinking that I am super crazy by taking this trade, especially with the referendum only a couple of days away, however I feel as though the UK will not be leaving the EU and this is...
NZD gaining power on everywhere including futures, fx, CFD and options. Now we have to wait a retrace or a breakout to enter this trade. Then lets wait.
EURCAD breakout - looking for a correction to buy
RSI resistance. The question is how far will it rise before it starts falling. Wating for candle pattern to confirm
A buy set up is now in motion. Once price pulls back towards 1.11 and selling becomes exhausted price is then likely to begin rising towards the previous highs around 1.14. I am seeking a buy entry on a 4HR candle around the 1.11 once price action presents a signal candle.
This is a scalp trade not the best but i chance to catch a quick 50 pips reasons for -Price has come to key area of 130.00 -Price has bounced of with two bearish candles -Price will need to make a move lower before any bullish movement -A small correction is needed A few more reasons to but not worth me going into detail :) Enjoy trade safe
Slightly Late Publication. Traded right into -OB and had good reaction. Expect Price to be Bearish throughout the WEEK. Take Profit Target 1 @ 1.5380 Take Profit Target 2 @ 1.5200 Tage Profit Target 3 @ 1.5100 Watch this space as I will be posting more ideas to support this view and I will also be frequently small short entry opportunities and possible scalp...
Many analysts wonder why the EURO is so resilient in the 1.11 support area and have resisted the overwhelming selling pressure. I think a more reasonable scenario is to consider the whole move down from 1.1712 to 1.1086 as the 1st wave within the ongoing 5th wave down. This way we can label the corrective, overlapping upward movement from 1.1086 low as a...
The dollar is holding well so far this week thanks to the solid US employment data published Friday on top of the Chinese yuan devaluation today. While we see the greenback rallying against Asian FX and commodity currencies right now, the euro is holding. I still anticipate renewed buying pressure on the dollar over the medium term and am interested in a short...