The strong resistance is around 1.550- 1.554 Avoid GOLD for the first week of the month.
here we have a usd/cad short, the short is dependant on a break of support at 1.32322 this would signal a continuation of downward trend and would be a good place to take a short! stop losses in place!
here I'm looking at a weekly play, we should see a pullback to around the 1.23533 Mark and then we should see a continuation of lower lows, hopefully see an opportunity to get into this trade in a day or so, be patient, could be opportunity on the way up we shall see!
Hello Traders! We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for...
EURUSD short trade to keep the pressure on the buyers and squeeze price down to the BidZone. Trade alert down through 1.0980 which offers a high return profile versus the risk.
EJ FACING A POSSIBLE SUPPORT IF IT BREAKS WE CAN GO DOWN TO 117.439
idea behind this trade, is a continuation of lower lows, entry will be dependant upon a break of support 0.89850 looking to hold a longer position until 0.89400 looking at two half lot size positions one tp set for a day trade and the other holding for most likely the rest of the week, stay tuned and if the rejection happens on support be ready for a Long position...
The USDJPY played out perfectly with a 'rinse and run' move lower through 107.500. Expect to see the move extend into 106.700 zone where buyers may start to step up to the plate for a reaction higher.
Hello Traders! We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for...
PUSH UP IN LONDON SESSION BACK TO A DAILY GREY RESISTANCE AREA PERFECT SPIKE FOR A SELL ENTRY. STOPS ABOVE THE HEAD OF THE FORMATION WITH A MA CROSS YESTERDAY AND A BEARISH CLOSE TO LAST WEEK
4H Chart Explanation: - Price bounced on the Resistance Zone. - Price broke the Ascending Trendline. - It reached the first target on the Middle Support Zone. - Now, it has potential to continue its down move towards the Support Zone. Weekly Vision: Daily Vision: Updates coming soon!
$134.30 x $134.70 RISK = 40 pips TP1 = $133.35 TP2 = $132.50 Be aware of the increased volatility surrounding the pound currently
GBPUSD - Intraday - We look to Buy at 1.2392 (stop at 1.2357) Broken out of the wedge formation to the upside. The formation has a measured move target of 1.2784. The medium term bias remains bullish. Bespoke support is located at 1.2392. Daily/Weekly Ichimoku Cloud support is seen at 1.2399. Expect trading to remain mixed and volatile. Intraday signals are far...