expecting a nice drop from nzdchf to the downside from 0.69500 area
Thanks to trend lines, Support & Resistance with some Fib work involved all the calculated risk was put into position and news certinaly bumped us with a much faster result then anticipated but MOST WELCOME!! We are on point, NO LOSSES THIS WEEK!
Wait for price to break one of the zones and retest then enter for a buy or sell
on AUDNZD we have a breakout on the daily TF of the current descending trend. We have retested the daily TL and could see a nice bullish breakout depend on how the next daily candle closes. i will be watching this pair closely. I have a buy stop set @ 1.08500 with the SL displayed on the chart.
Recent price action: Neutral Pattern: Asymmetrical triangle Long-term momentum: Bullish Short-term momentum: Bearish Bias: Neutral Action: Price needs to be trading above the 111.2 level and trend resistance to consider a long position. Comments: Major indecision happening in this pair. U.S. trade war keeping price ranging
Recent price action: Bearish Pattern: Potential head and shoulders Long-term momentum: Bearish Short-term momentum: Bearish Bias: Short Action: Once price finds resistance consider entering short trade. Ideally, wait until price breaks trend support and weekly support. Comments: Closely correlated with DXY index. Price is forming an inverse head and shoulders. If...
4HR after retest the important key level at 1.1750 i expecting that we will follow the short trend and broke that level the next possible target is the 1.160
USDCAD has been consolidation for a bit but has been showing more momentum to the downside with more dollar weakness we could see this pair start to melt i have taken this position already as we have broken out of consolidation zone and are respecting the fibonacci and trendline We could see one more push to test the trend line and equilibrium zone but i...
Price Action: Neutral Pattern: Rising wedge in corrective phase Long-Term Momentum: Bullish Short-Term Momentum: Bearish Bias: Neutral Action: Wait until price is trading above monthly resistance and trend resistance Comments: Price can go either way in this structure. I would prefer that price break to the upside, but chances of that are similar to price...
Price Action: Bullish Pattern: Overextended inverse head and shoulders. Long-Term Momentum: *Bearish Short-Term Momentum: Bullish Bias: Neutral Action: Wait until price corrects and finds support; however, price does have a chance to run another 100 pips before a major correction. Price closed as doji star. Sunday should give better indication of direction....
In H4 chart,we can see that, made a nice breakout level to downtrend at this moment. So have very much chance to go down more. First learn, then earn.......... Thanks
In this pair, if we see in daily chart, easily we can see that, a nice uptrend is going to upside. And at present, market price is in touching mode to go more upside. With that, market is standing on a strong support level. That's why, it may retrace and can go upside more. So, You also ca take this chance to be happy........... First Learn, Then Earn......
EURUSD is heading down towards the weekly support at around 1.16414 then I expect that it would then go back up towards 1.20850 and could then either form a head and shoulders pattern or could go over and continue to go up towards the weekly resistance area at 1.25701. Looking at the indicators such as the RSI and Stochastic also on the Weekly chart, the Rsi...
We could enter for a Buy trade as the looks to be a build up of Buyers at around the 130.00 zone and all depending on German ZEW Economic Sentiment which could weaken the Euro.
Over the next week could see the EURUSD within a zone, albeit may have an opportunity for a Sell trade at around the 1.9500 zone. Price could be contained due to news releases for US Retail and Core Retail Sale results. And the German ZEW Economic Sentiment.