The EUR/USD has a strong support @1.1116 Next move could be potentially upwards for a retest of the resistance @1.1292 (1.3000) Support @1.04583 Resistance @1.1700
The Daily Count on EURUSD is a very simple corrective structure so far. We've seen from Lows in March an ABC structure to make up the wave of a larger degree in Wave (A) For the most of summer, we see an ABC structure to make wave (B) And we are now in bullish wave (C). The pull back over the last few weeks has offered good buying levels, Will be looking for...
Daily income using supply and demand HTF - Daily, price currently in equilibrium=follow momentum/trend, unless it hits a HTF supply zone (all potential levels are zoned and highlighted with respective colours) ITF - 4H, price currently trending up (HH, LL, HH, LL) Rules: Mid/low curve, permission to buy in STF demand zones and follow trend until price hits a HTF...
There hasn't been much movement in the market with it being summer etc. but with momentum starting to pick up again within the market, we have an outlook/potential setup on GBP/USD. Sterling is currently within an ascending channel, but has been in consolidation between the 61.8% fib level and the daily/4H resistance level at around 1.57 (blue highlighted area)...
EURJPY possible move to the downside wait for confirmation on the breakout or even a confirmation. Target is at 133.966
EURGBP have broken to the downside and also tested it for confirmation. Which in my opinion could mean little more downside before anything. First target is 0.6982 and the second target is 0.69484
Despite AUDUSD's present price hesitation, it looks to recover higher as long as it trades and holds above the 0.7256 level. We are looking to buy at the following levels. Strategy: Buy at 0.7317, Stop loss at 0.7252, Price target at 0.7415 & 0.7459
THE EURO APPEARS TO BE SLOWING AS IT APPROACHES THE 0.5 RETRACE OF THE LONG TERM DOWN TREND, AFTER BOUNCING OFF ITS DAILY SUPPORT AND BREAKING OUT OF ITS LATEST FORMED CHANNEL - EUR/GBP IS POTENTIALLY OFFERING A COMPELLING SHORT. THE LONG TERM DOWN TREND IS COMING INTO PLAY AND CAN BE USED FOR STOP PLACEMENT, NUMEROUS TESTS OF STRUCTURE RESISTANCE DISPLAYS...
Short Entry @ 191.640 StopLoss @ 192.220 Take Profit @ 189.770 Broken Daily support over bought have had a double top in the past couple days which ran right back into the support turned resistance marked by the pink line. Fundamentally the Yen has gained some strength and it is being shown a little bit across the board. Technically we can see a lot of...
Entries for Shorts @ 95.50 96.00 Stop Loss @ 98.00 Take Profit at @ 93.00, 92.00 DXY failing to make any new highs Weakness has been sighted along with some fundamentally bad news. Long term I think it is highly possible that it could go as far as 88.00 but why not reap the rewards on the way. Posting Lower highs, AB was a nice downwards leg and CD is a...
EURCAD Hi everyone this is a possible trade. Few of the reasons that makes this setup look good. First being at the previous support, trendline and the pattern itself. Lets see how it plays out and Good Luck :)
USDCAD has now broken previous resistance as well as breaking a strong trendine. We could now potentially see price making its way up to the 1.27000 area.