EURGBP is looking ripe for a correction from its recent upwards run. MACD is signalling bearish divergence as price now sits near support. We expect price to bounce off initially, retesting local resistance. If we see prices get rejected at resistance, expect a sharp decline down to the next support level. Alternatively, price could breakout on either side,...
Clear downtrend support are taken out, rezistance are respected. Short at round number 1.52 on most traded volume area of week could be great short oportunity where sellers absorbed buyers.
Our pair again reflected from the level of 1.3150, after which it headed down. Our technical indicators show the sale. To date, we expect the FOMC statement and the publication of the Fed's interest rate decision. We can assume that until this point the dollar will continue to strengthen against the pound. We expect that the pair will test the level of 1.3080 and...
Our pair has good growth potential, but there are some aspects to consider. We expect the continuation of the ascending movement. Our technical indicators also indicate a purchase. In the medium term, we can expect the price to pass to the level of 1.2, but the next level that must be overcome is the 1.1850 level and only if the pair is fixed above this level, we...
I think there is a reversal coming soon on CAD/CHF - HERE is my ANALYSIS ! Scenario number one is looking for the bounce as price comes to the Trendline second Scenario if price breaks the Trendline we will be heading down to the lower support zones which also represents the all time lows These are strong ares to consider buy setups.
Looking at a potential long set up for USDCAD. Our .618 fibonacci retracement level lines up perfectly with the 800 EMA (which we treat as support and resistance). In this scenario, the 800 EMA is our support level or our "floor". Running a 50 pip take profit and a 30 pip stop loss. Typically, I recommend 0.01 per $100 in your account. But of course use this...
Looking like we could be forming a sell setup here - i would be looking to see if price can pull back to the Resistance zone and from there see if we get the sells
Looking for a USDJPY short this upcoming week. It is approaching a very strong resistance zone which lines up perfectly with our fibonacci .618 retracement zone. Let's eat.
I am holding a long term long position, as mention on the chart, the elliott impulse wave has been completed 1-5, now on to the Elliott corrective wave A,B,C ill keep you guys posted with how the trade progresses. My entry point: 1.53931
Watching the XRP For the next few weeks as it looks like we are heading towards the 0.40 - 0.45 range in price. For me this is a good area to consider buying more XRP I don't trade Coin just invest since 0.18 cents.
Hi guys, this is the hourly chart on EURJPY and i'm taking this long trade because of several reasons. First of all, we're in a strong supporto zone on the daily chart and we're also creating a nice divergence on the RSI there. Then, if we lower a timefeame (4H), you can see a couple of pinbars (candles with long wick to the bottom) signaling buying pressure...
LONG TERM APPROACH TO THIS PAIR. (AUD/USD) Could prices break below 0.72000 , we could potentially see a strong bear run on this trade down to significant lows. Let's See What Happens Guys! UPDATE COMING SOON OF COURSE, I'LL ALSO GIVE MY SHORT TERM PERSPECTIVE ON THIS AS WELL.
I see the overall up movement as a corrective structure Price hit resistance zone and 61.8% fib expect one more down to the trendline
Look for a breakout retest. If we bounce, 10k is coming
GBP/AUD is inside of a symmetrical triangle formation. You could issue a scalp buy after the break and retest of the descending trend line, as it will try to reach the longer term descending trend line. Once Price reaches the primary descending trend line, you need to wait and see if it fails to break through on a 4hr time frame. In the event it does break...
Long-term trade on USDJPY after it hit support; might be affected strongly by NFP number which is why I'm setting a very low stop loss.