Note: EUR/GBP follows our prediction previously.
Now, we remain NEUTRAL on this pair.
There are 2 potential trading plans:
1. If the price break the support zone strongly,
we can wait for pullback and bearish signal to short
with right risk
2. We saw 1 bullish signal previously, we need to wait
for another 1-2 bullish signals to entry long
With the week closing, and AUDJPY approaching a significant S/R zone, I plan on watching very closely for conformations, breakouts, and retests.
Either direction provides 300+ pips in profit, however the trick will be in guessing correctly.
A good swing setup shows on USD/SGD Pair.
1. Overall trend is still bullish on USD
2. The price touched on 20-EMA and bounce back strongly from that,a good signal to long.
3. The price also bounce back from the support level at 1.416x
A strong daily bullish candle at the support price is at right now may begin a bullish move up to 1.3500.
The candle forming currently is not overly bullish as it has a small body, so it's smarter to wait for a stronger confirmation signal.
Where price has been at since mid-October is a result of the breakout of an ascending triangle setup. Price also retested...
Finally, GBP/NZD pair breaks the resistance zone strongly.
In H4 Chart, there is a corrective pullback sit well on the previsous resistance zone.
It will be a great trade to long when there is a strong bullish bar appears as a signal to entry :)
It will be a less risk with huge potential return trade :)
This week when markets opened, the first candle closed bearish, just above the support zone. Today's candle, when it closes, will indicate bullish momentum as price bounced up from the support at around 118.41
My position is as follows above.
Euro has been showing significant strength across all pairs.
DXY Technical Strategy: Keeping bullish outlook but temporary correction due
Elliottwave Count: Nested impulsive count, wave 4 correction is due
DXY (Dollar Index) is trading impulsive in post election session and able to break channel resistance. We were calling reversal from 19-Aug-2016 and looking for 100 levels during August month....
On the daily chart we can see how the price, after a sharply upward move, stops near an important resistance.
After a nice white candle, we can see how the price action shapes a long legged doji, after that it shapes a reversal hammer (not so nice).
Furthermore, these two reversal signals shape a tweezer top.
Thus, we have different reversal signals that can give...
S&P 500 is reaching its previous all-time high!
Monitor this index closely.
If it manages to break the Resistance Zone, we are bullish for it.
If there are few bearish signals appeared around resistance zone, we are bearish for it.
If shorting S&P 500, it will be a high risk to reward trade :)
today i want to share a view similar to the GBPJPY one.
As we can see above, price has been clearly in a downtrend lately. Now we are heading toward the former resistance level that could turn into support. So we've created a little blue zone, in which we are going to seek for shorting opportunities in lower timeframes.
The risk to reward i put down in...
Wait until Wednesday latest if the price doesn't fall then buy. Using price action $30 shows bullish momentum supply and demand has been outlined. With weekly highs being touched price should lower, then jump up again. For now i would wait. If price does go towards and touches support at $27 mark i would definitely be buying this market
Gold has been on a strong rally all year. It appears to be pausing for the moment and refusing to make and lower lows or higher highs. To me this looks like the Market is flagging and pending a breakout.
If it breaks out to the upside look for $1,400 to get tagged.
If it breaks lower look for $1,250's to get tagged.
I have no idea which way this will break......
If we look at Pierre's analysis we can see that in the next houers the market will go up. But when it touches the trendline it will go down again. As we can see, there's forming a triangle with a horizontal bottom line. An indicator for the market breaking soon or later the triangle in order to go down. But after the market breaks out, it will situate itself in an...