Price action has formed a descending triangle continuation pattern, with the resistance line growing stronger as price has reacted to it on multiple occasions and the support level at 1.76950 being tagged a few times more recently. A doji formed on the 29th and price has reached the 2/3 area of the triangle. Expect a breakout in the downwards direction.
USOIL - Price structure analysis (Daily)
GBPUSD (Daily) Trading towards the low of the range. Look for selling opportunities while price moves towards the low. At the low of the range look for buying opportunities.
EURUSD continues to trade sideways closer to the top of the bear channel.
USDCAD Price structure analysis (Daily)
USDJPY Price structure analysis (Daily)
EURUSD Price structure analysis (Daily)
GBPUSD Price structure analysis DAILY
Reason for entry: Weekly structure and pin bar formation on daily chart. Daily pin bars from 10 and 11 august showing bearish pressure around weekly resistance zone. My personal view, always trade according to your strategy/plan! Stop loss: 0.77710 Entry price: 0.76993 Take profit: 0.74650 Risk/Reward ratio: 3.27 % of equity risked: 1.6% of...
Finally a long position. Price has rebounded nicely from a strong support area, and looks as though it has hopes to continuing higher. I believe that buyers are taking control of price on the lower time frames, and their long positions are beginning to show on the higher time frames. Will be holding this position.
A little bit late to the party as price has already pushed up passed my desired entry. However for me to still consider this a trade to take, price would have to retrace back down slightly to a more favoured entry to benefit my risk to reward ratio. In addition, if I were to enter toady it would likely be on one of the lower time frames, but if I were to enter on...
Sellers seem to be in control of price as it rebounds strongly from the 1.75554 are. However, at 14:15 the GBP inflation report hearings will commence. Therefore a tentative approach to this trade is key. Updates will follow in regards to my entry.
EU Completed a Bullish Head and Shoulders on the 4h and daily. Major rejection of major trendline a couple weeks ago, indicating it's still going to go down. And now we have out final Trendline touch to fulfill the Right Shoulder Height. This is my golden trade of the week. Another confluence: Gold is also at a major resistence trend-line. Gold goes down, USD...
Price is trading on strong support on the daily time frame (all though the candle has not closed) and hints at heading lower in the midst of the RBA Interest Rate Decision, announced by the Reserve Bank of Australia which is set to remain unchanged (Bullish). I will potentially be looking at entering soon on the 4-hour chart, although my preferred position would...
It expects a possible breakout at the end of the pattern and trend line at 00:00 GMT.
Buy EURAUD Reasons to buy: - Support-zone at 1.44/1.45 - Double-bottom forming - Lowtest-Doji - Bullish macd-divergence Exit points: 1.48 1.51
AUDUSD SHORT TILL 0.7547. LONG TILL 0.7625, THEN SHORT AGAIN