Hi guys, simple setup on GBPCHF. We've recently broke and closed above a daily structure zone and we're back to retest it right now. Price has formed a nice double bottom and it held the structure so far. Therefore, i'm buying this at market and aiming to take first target off at the neckline and possibly second target up at the next daily structure zone. If u...
Sorry late for a meeting. This is what we see. UGLY! Chart
USD/JPY pair slowed down dropping at major support line. It is expected to retrace up to test resistance at 113.25 area before dropping down again. This would draw a head-and-shoulders formation. #SmartInvestmentTeam
Hi guys on this one i am willing to accept that it may go long now...as structure has broken above h4 demand...however i would like to see price dip to d1 demand as this would give a higher probability trade coupled with a 78% deep retracment... this should give us a good c to d move
Counter trend pullback seems to have come to an end with the double top confirmation bringing price back into the downward channel. Price has bounced off support and looking to rise to retest the top of the channel. This could be a nice short setup with favorable risk:reward.
1.12000 is a strong resistance zone. -Crab Pattern complete -Cypher Pattern Formation Targets: Read the graphic Enjoy...
BEARISH ADVANCED HARMONIC PATTERN ON EURAUD 4HR/DAILY, WITH GREAT RISK TO REWARD
with a higher high running out of steam and three lower highs and lower lows, i decided this is a good opportunity to short and look towards heading to strong liquidity levels to take profit, GBP over Eu has performed stronger this week.
After looking on the daily 4hr chart this pair is clearly on a downtrend, GBP is weakening against most major currencies due to fundamental reasons with Brexit, i believe we are going to see a restest of the support level and 0.236 fib giving us an opportunity to take 100 pips from this trade, I will be looking to enter this after NFP results today.
i believe with the US dollar index currently gaining ground again after the Feds hawkish statements on Friday that we will see a continuation to the upside for UJ currently first target is on the blue line and waiting for it to create a new higher high before seeing a continuation to the TP 118.00 currently bouncing off the daily 61.8 fib giving us the opportunity...
Looking at the eurusd going long , only a 10pip stop due to the price action indecision and News.
EURUSD long set up After being bearish on this pair in the early part of the week we are now seeing a daily reversal of PA A daily bounce from support at 1.0500 rallied the bulls and broke the descending CTL to the upside This bounce from support was also confluent with the 61% Fibonacci level Expecting the pair to push higher over the coming trading days and...
Economic uncertainty with Trump, US equity market at an all time high so room for downside increasing strength in the JPY, Currently in a bear trend and looking to hit key support and resistance area dating back to November after the US election once Trump was voted in and the US Dollar started to gain strength. 3% Stop Loss in place just above resistance bear trend line.
GBPNZD AS I SEE IT WE LOOKING FOR SELL ANYWAYS
Possible long sent up on GBPJPY following the Wednesday candle closes January closed with a strong wick bounce from support at 137.00 And price over the past week has shown bullish intent Break and retest of the descending TL on daily as well as a close above support at 141.50 which is a level confluent with a daily 38% fib support and todays daily candle shows...
GBPCAD closed the day in a very curious configuration that deserves being observed for potential action. The price touches the trendline and on the Weekly (below) and on the Daily. However, the closer zoom on the H4 timeframe in the main chart shows that the price actually broke out the downwards trendline. Now the peculiar thing is that this level: Sits...