EURGBP has hit the bottom of its channel if price breaks above 0.8387 we could see it heading to 0.84448, Alternatively if sellers take control price could fall to as low as 0.82466
Hello traders, We completed a bearish Bat pattern on this pair @ 105.89 Price currently lies at around 106.17s This provides a great opportunity to go short on this pair. This pair has been in a down trend. We have completed at an area of support turned resistance and have also put in some bearish divergence. Target 1@ 103.21 Target 2 @ 101.54 SL @ 107.93 ...
1) Bullish market momentum supported by upwards shifts in MA's 2) Break and retest of triangle to confirm upside momentum 3) Price broken previous daily resistance @ 1.31356 & 1.32168 3) Target 1 @ 1.32929 4) Target 2 @ 1.33995 5) Target 3 @ 1.35821
1) If price takes out resistance level @ 1.90523 2) longs to 1.95176 which is in confluence with 61.8 fib and 50 MA 3) If 61.8 fib level (1.95176 ) fails to hold as resistance further longs to 2.000 4) If 61.8 fib level (1.95176 ) holds successfully as resistance shorts back into 1.9052 3
Hello Traders, This pair can potentially produce us a Cypher pattern if price pulls down further towards 101.83 Target 1 @ 102.43 Target 2 @ 102.79 SL @ 101.21 I hope you have a good week trading. Feel free to follow, like, comment and share Instagram @KashMarkets
Hello Traders, We hope that you have been having a good week trading. If price can reach 1.1012 then we will complete a Cypher pattern. Target 1 would be 1.1066 Target 2 at 1.1100 Please like, comment, follow and share. Instagram: @KashMarkets
200 Ma is holding as good price support hence, expecting price to pull back and test daily resistance @ 0.78019 zone before continuation of downtrend and break of trend line for short positions for a lower low to be formed. If we fail to see a break of the ascending trend line and resistance @ 0.78019 zone is broken we may see upside movements towards 0.79000.
Hello Traders, We have a potential BAT pattern If price can reach 1.4094. Today CPI Inflation figures came out less than expected at 0.3% which has helped pushed price down close to our level of entry. This area has confluence of support and trend line support. There seems to signs of indecision in this area too. If we can continue to put in higher lows this...
Long Gold until 1340 Followed by short all the way down to 1250
Hello Traders, Price came very close but if we can actually reach 1.4094 then we have a Bat pattern which completes at the 88.6% fibonacci retracement level. This pattern completes in an zone of support. Furthermore, this pattern serves as a continuation of the recent uptrend. Target 1: 1.4354 Target 2: 1.4510 Note that that we have CPI (inflation) figures...
Hello Traders, This pair has been following a bearish trend as of recent generally forming a series of lower lows and lower highs. However, we broke these highs completing a Gartley pattern as indicated in blue. We now want to take advantage of a potential Cypher pattern if price can reach 1.2619 and complete this pattern with confluence of bullish divergence...
Hello Traders, We have a potential Cypher pattern completing at 1.2622 if price pulls in deeper. R:R is skewed so some may decide to delay entry and take this at a better price. However since this pattern has a good win expectancy some may take this trade more aggressively at completion. We have some RSI divergence also. We can potentially also dip back into...
The pair has broken a strong trend line which has held since May 2015 , price has now retested this and bearish momentum can be seen to be resuming. Waiting for daily close for entry for shorts to Target 1
Waiting for price to pullback to deceleration zone and inner CTL highlighted to form lower high and for bullish PA to confirm movement to next downside target @ 119.896 = next swing low possibly. FOLLOW ON TWITTER @BILLIONSFX
Hello traders, Both patterns cannot be taken simultaneously. It is one invalidates the other. Potential long opportunity 1245.13 with 3 drives pattern confluence, trend-line support and follows bullish move up. or potential short opportunity 1298.25 minor resistance confluence. Typically I look at RSI conditions (overbought, oversold or divergence). Feel free...
Keep looking for short this timing worth looking for trading
PROS - Rejection of key resistance - Rejection of downward sloping trend line - Rejection of 50 ema - Stoch RSI signalling overbought Thoughts?
Hello traders This pair has been following a strong down trend generally forming lower lows and lower highs. If price action can reach 1.2875 we can have a Cypher pattern completion. I will be looking to short here and following the bearish trend. Furthermore, we have areas of structure around this zone with support of trend line resistance. I will be keeping an...