The Yellow cross over the blue line indicates a Trade. Buy order when the yellow line cross above the blue line. Sell order when the Yellow line Cross below the blue line. The Red Line is the Major Base Indicator for Trend Line.
We bottomed out at 105.5. It time for breakout from descending triangle and hit top of daily chart.
Note : Market opened down, so your risk will be decreasing. Look for better risk-reward ratio and enter the trade Market is continously in bullish trend We are entering in pullback RSI in oversold region
AUDUSD H4 Was create double bottom then break sell trend line , MACD show the buy trend
It is very likely that we will see a triple bullish cycle in GBPUSD. This is why i'm looking to buy. Ideally we will see the price reaching the bottom of the range where we can look to buy.
USDCAD at decision point, either the current uptrending market structure will continue, or the higher timeframe bearish trend will assert itself and push the market lower violating the current uptrend. Either way there is a bullish opportunity at market. If the bulls hold above the 1.2835 area the market is likely to retest the high of trend around 1.3200...
I speculated that the RBA would cut rates at the meeting in the beginning of May and went short with a profit target of 73. This has almost been met, providing us with a buy opportunity at the very strong level of structure , indicated by the horizontal black line. Could buy now or at 73.
As long as the pair is holding above 1.11-12 zone i'm looking for bullish setups. One way to join is, if the price pushes lower near the daily trend line and holds above 1.11. Bullish divergence to complete and we can go long
GBPNZD broke out of a descending triangle which dates back to April of 2013 and Sept of 2015. After the breakout we saw a nice retest of the downtrend and the support level of 2.07500 which the pair held like a champ. It may be a bit too late to chase this pair but it's compelling around these levels of 2.11000 for the only reason that this pair should see...
The par has tested and failed t break the 61.8% fib level and the engulfing daily close opens the door for future gains and a correction back towards the up-trend structure. Initial target is t monthly resistance at 0.79384
Price action likely to consolidate around weekly resistance at 39.63 before advancing to the next weekly resistance at 49.08 before pushing upwards to 50.68 where the physiologically important $50 oil mark will likely cause the liquidation of long positions and a sharp correction downwards. Buy entry point at any failure to break before between 42.32 - 41.42
Wave 3 completed Thursday with wave 4 now in sight at the 1220.00 - 1210.00 level where a failure to break the daily trend line and/or weekly support indicate an impulsive upwards wave towards 1283.71.
On weekly chart a Triple Cycle has been completed. This is why it is preferred to look for long opportunities in the mid-short term. There is a trend line from the bottom. If the pair reaches it and creates divergence near it we can try a long position. Target 1: 86.00 Target 2: 86.80 Stop Loss: 10 pips below the trend line support area.
A nice correlation trade between GBPJPY and USDJPY is forming. The two pairs are currently trading with a spread of 550 Pips, the widest spread since the end of January. Our algorithm is giving a 79% chance of GBPJPY coming in and a 74% chance of USDJPY rising. With that said we will be going Short GBPJPY at market and Long USDJPY at market. NO STOP will be...
Poor risk/reward, so I will question whether or not to enter this trade and will evaluate the fundamentals at the time of completion, as this profit target would usually be my second target. Hopefully this should form by the end of the week. Enter the formation at 17.43219.