EURUSD Price approaching strong zone 1.138-1.142, Watch out for bearish evidence and a potential move to the downside from this major zone. Happy Trading Price Action Tracker Skype: PriceActionTool stocktwits.com
For this pair I have two possible scenarios that I am looking at. If this corrective structure on the 1 hour chart holds we should see another push up towards 1.3170 primarily and if that short term resistance folds an attack of 1.3270 is likely. If this corrective structure fails (orange arrows) I expect buyers to step in around 1.3080-1.3085 with targets at the...
We are closing in on a long term support zone. I expect the sellers to make another push downwards before the buyers step in to protect the zone between 0,9530 and 0,9500.
Lots of consolidation here at this trendline that I drew to the downside off the weekly but it looks like price is finally confirming the trendline bounce off the weekly / daily supply levels.
Dear Community, the EURAUD was and definitely stays on our watchlist - strictly speaking it also made it into our LIVE portfolio the other week but got stopped out due to our aggressive set up. Those of you who selected the conservative option are still in teh race and well clear of trouble at this stage. See the former trading idea here: The setup itself...
Dear Community, we have had AUDCAD on our radar for quite some time and were hoping to get a positive test of teh weekly resistance followed by a reversal candle. As it stands on both, the weekly as well as the daily chart, the pair will dip into a correction, which brings up multiple possible scenarios: 1) Dip into the intermediate target zone, followed by...
xauusd Keep an eye on Strong resistance 1383-1397 Happy Trading Price Action Tracker Skype: PriceActionTool stocktwits.com
Dear community, we keep it short and crisp this time - not meaning it is worth less! Scenario is more or less the same as we have already mentioned in our AUD/CAD analysis (which you can find here ). Making a long story short, the pair bounced back from the resistance zone, which can be found at around 0.9580 and is dropping ever since. A realistic target to...
All the GBP-crosses actually show the same pattern, more or less. Possible overextension on the higher time frames, combined with clearly increasing volatility on the lower time frames and a possible change in order flow. On this pair I am looking to go long if price makes it back down to the short term resistance zone around 1.6718-1.6740. Primary target is...
The EUR/GBP has been on a strong bullish run during the last week. Yesterday was the first bearish daily close for 8 days and price looks a bit overextended to me. Lower time frames are indicating a shift in order flow as well if you look at the strong sell off, followed by a corrective structure. If this structure holds I expect price to drop to at least 0.86000.
I think now is a good level to buy. Bulls had first real breakout this evening, before Europe open. I think it's enough that the bulls could try and reverse things up long term. This is based on 240Chart Price Action.
Looking at a possible counter trend long on USDCAD as price is revisiting a upward trendline drawn from the yearly lows. This area is also a nice demand zone area on the daily timeframe. However, we should consider that the Trend is Down on the weekly and just left a weekly supply zone.
Dear Community, Brent Crude Oil has been the favorite of the short-sellers for quite some time now. Strictly speaking, since the last high at around $52.90 it was a dream and way too easy to bank some nice profits on the short side. However, times seem to have changed and as we all now, Oil doesn't grow on trees. With that in mind, the demand will grow steadily...
Gold price is at support zone 1328.9-1336.3. Watch out for bullish evidence (significant price action) and a potential move to the upside from this major zone. Happy Trading Price Action Tracker Skype: PriceActionTool stocktwits.com
Keep an eye on USDCHF, it might test the 0.978-0.981 resistance.Watch out for bearish Price Action and a potential move to the downside from this major zone (0.955 target) Happy Trading Price Action Tracker Skype: PriceActionTool stocktwits.com
XAGUSD Price approaching support zone 19.18-19.40, Watch out for bullish evidence and a potential move to the upside from this major zone (with a 20.57 target) Happy Trading Price Action Tracker Skype: PriceActionTool stocktwits.com