currency

Scenario 1: Pair could retrace up to 78.6 like it happened in the past and then shoot up Scenario 2: Pair retraces only up to 61.8 (where it is now) and shoot up *DO YOUR OWN DUE DILIGENCE. THIS IS NOT A SIGNAL.

Expecting price to retrace to 28% then either break below or go back up and retest upper trend line.

Price nearing the top of a descending channel. Would suggest waiting for a clear bearish signal before entering. Details are displayed on the chart *DO YOUR OWN DUE DILIGENCE BEFORE ENTERING THE TRADE. NOT A TRADING SIGNAL.

USDCAD is looking pretty oversold, 1.2460 looks like a nice level to start getting long, watching 1.2740/50 area for the first target. USD seems eternally weak so I will protect profits quickly and aggressively.

Due to our bias and involvement in the EURGBP trade, we have avoided trading the GBPUSD since it runs counters "sortof" to our trade idea. Thus Revelation Trading has stuck to our belief by being consistent with our trade idea. Yet today on 24th July 2017 we initiate a cover on the GBPUSD. The GBPUSD is in an uptrend regardless of the current retracement. ...

Im expecting price to follow the channel.

-My whole reasoning behind this trade is described on the chart -Stops below Demand zone *DO YOUR OWN DUE DILIGENCE BEFORE ENTERING THE TRADE, THIS IS NOT A TRADING SIGNAL.

Channel converging on a symmetrical double-reverse triangle pattern, fib retrace indicates a likely upward bounce. As ETH continues to fall in the wake of ICO madness and scalability concerns, ETC is due in for a bullish run

Reasons for Short: 1) Bear Shark 2) Rising Wedge 3)RSI Bearish Divergence

So we are seeing a long halt and and a sideways consolidation with lower lows on ether. Is it time to flush out some more late investors in this? who knows? One thing is for sure. Scared money is losing money. Trade safe trade well.

As you can see we might face a bullish trend. 0.5 of fibo retracement is a good level to buy with target at 1.27 of fibo extension.

Quick scalp into the retracement of AUDJPY, RR, 1:1.6 Good Luck :-)

It was noted that the EUR could be losing some steam while the pound could pick up pace to the upside on this setup. We have Divergence in play which further increases the probability of this setup. RR, 1:2 Good Luck :-)

The EUR might be losing some short term momentum while AUD could be shooting to the upside. Furthermore, we have some divergence and various technical confirmations which further increases the probability of this setup. RR, 1:2 Good Luck :-)

RR, 1:1.5 Good Luck :-)

GBPUSD: The pair continues to retain its nearer downtrend weakening further on Thursday. Support lies at the 1.2900 level where a break will turn attention to the 1.2850 level. Further down, support lies at the 1.2800 level. Below here will set the stage for more weakness towards the 1.2750 level. Its daily RSI is bearish and pointing lower suggesting further ...

The US dollar showed more weakness yesterday as it fell down towards our projected 1.27 Fibonacci extension (~112) from it's previous leg down (113.6 - 112.26) and managed to bounce back up from there towards the 0.38 Fibonacci retracement level, waiting for more downside as it couldn't break it.

We have a possible reversal forming on AUDUSD. Good Divergence in play already. R:R, 1:2 Good Luck :-)