Looking at the EURUSD daily chart, it clearly shows that it has come to a very important support level. That is a great reason for its purchasing. The stops are relatively small - about 30-40 points, and the profits, in this case, are about 100 points (the nearest strong resistance is located in the region of 1.1160). That is, purely technically, taking into...
INVERSE HEAD & SHOULDERS (H&S) BREAK UP OUT OF H&S A RETEST OF NECKLINE UPWARDS TREND CONTIUNES ALONF ASCENDING TRENDLINE 3RD TRENDLINE BOUNCE/REJECTION FIB REJECTION & EXTENDTION WEEKLY KEY LEVEL SAME AS D1 FIB EXTENSION TARGET
In todays trading session we will be looking for Sell Opportunity ,
GBUUSD looking for a long term short after it’s reached the supply zone, this set up is scalp-able, there’s so much uncertainty with Brexit at the moment. Recent COT report was used for conformation: *Non-commercial positions (Institutions, Banks) Short:75,572 Long:43,157
The Daily chart of USDJPY reveals not only the recovery from 104.450, but also the preceding decline from 112.416. As visible, it is a five-wave leading diagonal pattern, labeled (i)-(ii)-(iii)-(iv)-(v) in wave 1. The five sub-waves of wave (i) can be recognized, as well. Ending diagonals form in the position of the first wave (A Or 1) of the larger sequence,...
HELLO EVERYONE, Coming to Analysis of EURUSD, here are a few points to be considered : --Price has rejected the demand zone formed at 38.2 level. --Currently I am looking for a nice move to the upside . --The Targets have been defined over Critical Demand/Supply zone to ensure accuracy over the targets. COMMENTS ARE WELCOME >. . To get in touch or our services,...
HELLO EVERYONE, Coming to Analysis of GOLD, here are a few points to be considered : --Price has rejected the demand zone formed at 23.6,27 level(indicates a strong uptrend after it broke out of the weekly sideways structure . --Currently I am looking for a nice move to the upside as the price may follow to our next supply zone at 1600-1610, expecting a ABC move...
Going to be buying eurgbp, will be holding for 2-5 hours.
Stop can be placed above recent highs, or a tad higher... Brexit hopes pushed it to very extreme highs, it's bound to mean revert. At the very least back to the start of the last rapid rally, possibly down to new lows. Cheers, Ivan Labrie.
After the price reached the 1.3000 GBPUSD is created a Bulllish Flag. But Last week the BF breaks and now retesting the trendline before going Up to reach 1.3200 or the weekly trendline. In this setup wait for possible entry at lower time frame h1 or 15m.
Here we have another setup on the Gbp pair as they all seem to have some room to the downside. As we said for the Cable, the uncertainty on the Brexit should push the pound lower. In this setup we have some nice confluences. First of all it seems to have formed a double top, we have some nice rejection of the 1.70600 area, a good pinbar and finally a big...
As the UK is strugling to find a deal for the Brexit, the Pound seems to have found a consolidation zone and maybe push lower waiting to have some news. Here I bring two setups about the Cable, probably one of the most interesting pair these weeks. After a small correction move to the downside the Cable have break the trendline and in the middle of last week we...
Closing long from previous trades here. Now at the key 1.30 again. Today's non-farm payrolls can create high volatility if numbers are different from forecast by a high margin. While Brexit is postponed and snap election on the December 12, US data could be dictating the movement of this pair today. Good Luck!