Buy above 86.02. Stop loss at 85.72. Take profit at 87.01 and 87.38. Reason for the trading strategy (technically): We prepare to buy above major support at 86.02 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a push up first to 87.01 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) before a further push...
Buy above 86.02. Stop loss at 85.72. Take profit at 87.01 and 87.38. Reason for the trading strategy (technically): Price has dropped perfectly towards our profit target. We prepare to buy above major support at 86.02 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a push up first to 87.01 (Fibonacci retracement, horizontal overlap...
Sell below 87.39. Stop loss at 88.08. Take profit at 86.02 Reason for the trading strategy (technically): Price has bounced up perfectly from our buying area and has reached our profit target. We prepare to sell on major resistance at 87.39 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to at least 86.02 support...
Buy above 86.02. Stop loss at 85.71. Take profit at 86.94. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area to our profit target. We prepare to buy above major support at 86.02 (Fibonacci retracement, horizontal overlap support) for a push up to at least 86.94 resistance (Fibonacci retracement,...
Sell below 87.39. Stop loss at 88.08. Take profit at 86.32. Reason for the trading strategy (technically): Price is testing major resistance at 87.39 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect to see a reaction from this level for a drop to at least 86.32 support (Fibonacci retracement, horizontal swing low...
Looks like a decent short setup. Waiting for a trendline break before shorting this pair.
Sell below 86.57. Stop loss at 85.42. Take profit at 87.17. Reason for the trading strategy (technically): Price is back to testing our selling area. We remain bearish looking to sell below strong resistance at 86.57 (Fibonacci retracement, Fibonacci extension) for a corrective drop towards 85.42 support (Fibonacci extension, horizontal swing low...
Sell below 86.57. Stop loss at 85.42. Take profit at 87.17. Reason for the trading strategy (technically): Price dropped really nicely from our selling area yesterday. We remain bearish looking to sell below strong resistance at 86.57 (Fibonacci retracement, Fibonacci extension) for a corrective drop towards 85.42 support (Fibonacci extension, horizontal swing...
Sell below 86.57. Stop loss at 85.42. Take profit at 87.17. Reason for the trading strategy (technically): Price has shot up perfectly from our buying are and has reached our profit target. We prepare to sell below strong resistance at 86.57 (Fibonacci retracement, Fibonacci extension) for a corrective drop towards 85.42 support (Fibonacci extension, horizontal...
Buy above 85.68. Stop loss at 85.29. Take profit at 86.33. Reason for the trading strategy (technically): Price is approaching major support at 85.68 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) and we expect to see a bounce above this level for a corrective move up to at least 86.33 resistance (Fibonacci retracement, horizontal...
Buy above 86.79. Stop loss at 86.49. Take profit at 87.36. Reason for the trading strategy (technically): Price has formed a cup and handle reversal pattern signalling that we’ll be seeing a strong bounce from here. We look to buy above 86.79 support (Fibonacci retracement, horizontal pullback support) for a push up to at least 87.36 resistance (Fibonacci...
Buy above 87.04. Stop loss at 86.85. Take profit at 87.52. Reason for the trading strategy (technically): Price has continued to drop strongly since yesterday. The key now is to wait for a major support level to buy from. We are seeing major support at 87.04 (multiple Fibonacci extensions) and expect to see a short term corrective bounce above this level to at...
Buy above 87.53. Stop loss at 87.32. Take profit at 88.02. Reason for the trading strategy (technically): We remain bullish looking to buy above major support at 87.53 (Fibonacci retracement, horizontal swing low support, pullback support) for a push up to at least 88.02 resistance (Fibonacci retracement, horizontal swing high resistance). RSI (34) has broken...
Buy above 87.80. Stop loss at 87.48. Take profit at 88.25. Reason for the trading strategy (technically): Price has bounced perfectly and reached our profit target for the 5th time in a row. We remain bullish looking to buy on the break of our 87.80 resistance (Fibonacci retracement, horizontal overlap resistance). Once price has broken this level with strength,...
Buy above 87.36. Stop loss at 87.12. Take profit at 87.80. Reason for the trading strategy (technically): Price has dropped nicely and reached our profit target for the 4th time in a row yesterday. We prepare to buy for a small correction above support at 87.36 (Fibonacci extension, bullish price action) for a push up to at least 87.80 resistance (Fibonacci...
Sell below 88.31. Stop loss at 88.58. Take profit at 87.71. Reason for the trading strategy (technically): Price has shot up and reached our profit target perfectly. We prepare to sell below 88.31 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 87.71 support (Fibonacci extension, horizontal swing low...
Buy above 87.71. Stop loss at 87.44. Take profit at 88.34. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area and has reached our profit target. We prepare to buy above major support at 87.71 (Fibonacci extension, horizontal swing low support, Fibonacci retracement) for a push up to at least 88.34 resistance...
We see a correction of minimum 200 PIPS. We take Short position from the current level. Let's Watch !!