possible reversal, huge resistance, abc completion, Fibonacci confluence
Hello Traders, we have a short idea on EURAUD Entries can be found within our first resistance level. A break above our dotted line and we can look for shorts within our second resistance level. Take Profit Levels 1.56500 1.55732 1.55170 1.54542 Stop loss can be set above our previous high (Dotted Line) Good Luck traders.
GBP USD Long Idea Current levels for GBP USD give us an opportunity to open Longs on GBPUSD. Targets are given 1.33333 1.33725 1.4095 Stop loss 1.31990
good long coming up for USDJPY. With continued dollar strength we may see another bounce of the trend line to continue its push up to the 4hr resistance level. shown is a nice trade setup with 2:1 risk reward ratio.
GBPUSD is currently on a weak trendline and could go either way, but i believe with the dollar's recent strength to close out the week the pound is going to continue to drop. Look for a bullish engulfing candle to confirm short and then sell this pair, FOR SUREEEEEE
TRADERS! USDJPY is UPTRENDING! Black fibonacci is STRONG (monthly impulse trend.) Blue fibonacci holds heavy weight also (weekly corrective trend.) Thick red EMA is 50 period. This blue EMA is 14 period. Notice the buy signal on the monthly that still has room to run. Then notice the black fib on the weekly and how well its been respected. I bet yen keeps...
So you've essentially been holding this trade for about just over a month. Don't leave a winning trade to jump into something that appears lucrative. Which in actuality might not be a successful trade. We're trying to bank over 600 pips on this guys, we should be near the 1.0200 Region in the next 2 weeks or so. Don't lose faith, and just remember, you're...
After our prior TP's towards the upside wasn't fulfilled we see a sudden change in trend I'm currently riding the downward trend towards the 0.76500/0.75000 Region . I am however anticipating a change in trend around the 0.75000 Region. We could see a potential long position in the near future guys, stay tuned! TP: 0.76500/0.75000
So prices are still approaching the 1.32000 Region as expected HOWEVER. I am also expecting a change in trend near this region, towards the downside target of 1.27000/1.24000 . Having said this, prices could violate our resistance region at 1.32000 and penetrate through to achieve highs of 1.34000 however I don't believe that this is probable. I see it...
FOREXCOM:EURUSD is breaking out of a bull flag that has been in formation since early August (daily chart on right). This bull flag is part of a larger uptrend that began exactly one year ago, in December 2016. This uptrend was solidified with the breakout from the rectangle base and flag consolidation taking place outside of the base (shown on weekly chart to...
Enter/Exit Short/Long positions marked.
Inverse H&S pattern in play on daily time frame. Looking at monthly time frame GBPUSD has done too much in to short a time i.e. seems oversold so this is likely to be the rebound Although not shown on chart 38.2 fib level lies at approx 1.31 Entry is placed at the 1.264 which will likely occur on the next pullback following the break of the neckline Stop loss...
781.976 was the new high of btc last 2 month, we are on bullish trend is a evidence. The rally of btc is not to be stoping yet, we are right now on accumulation phase, if Btc break the resistance at 781.976 we can go to 800+ dollars easy. RSI is very strong and something like 1 per day on overbought area, its insane. 240TF, this btc rally is not done =>...
Here we have the monthly chart for GBPNZD showing cloned support and resistance ranges (blue rectangles) and mid range support and resistance (black horizontal lines). This pair could now pullback to the 1.8750 area which is the 38.2% fibonacci retracement level. If this occurs, then this pair could continue its move further lower, more precisely 1.3540 area...
What I have included on this chart: A fibonacci Retracement A resistance line at 0.76812 A rising trendline underneath the lows of each swing low The resistance line and trendline creates a wedge pattern since the end of May unti the present; observing this...
gbpjpy is coming to a major support level. what we see is a bounce expected. if the bounce doesn't take place we will go short on the pullback, retest after breaking support. for now tho, i am thinking go long originally