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analysis and trading idea by theforexscalper. eurusd h4

trading idea with educational purpose by theforexscalper

gbpusd analysis on point Gbpusd h4

looking to sell rallies towards 128,60/80 with 127,60/126,20 and 125 as possible targets

The entrancement came right back into the range thereby putting the buy on hold and looking at possible sells within the range

Nice lower highs and lower lows in downward channel if price action suggests, could be nice short in this asian session no news so pure technical trading tonight

We were correct last time when we expected 1,12 to hold ( check it here ) Are bulls strong enough to hold 1,13 this time ? If yes we may see rally twds 1,1500/50. On the other hand break and daily close below may expose 1,1200/1180 and even 1,10. All in all 1,13 is key not only from intraday but med term perspective ( in our opinion )

Multiple entry points on audusd this morning with the fail to return candle stick pattern (highlighted in yellow circle) Nice downward momentum coming off a double top paired with dollar push today

Short term bulls may try to find support right below 1,56 and if thats the case rise towards 1,59 will be possible. So, we are looking for rejection below 1,56 on a smaller TF. Also, We would like to use eventual rally as selling opportunity. Will update ( if possible )

Despite Brexit news bulls were not able to close above 1,29 ydy. Bears still under control and we do have a chance to see latest low or even 1,2650ish ( based on monthly chart ). Rise and close above 1,29 will open 1,2980/3000 and 1,3035/55

Last time we called possible DXY rise based on bottom of the channel here and now we do think it might be just retest of broken zone around 97 and we may see lower levels again.

Our previous long finally arrived to the zone you can check it here and now as market rejected the attempt to break higher we may see opportunity for move back twds 1,3200/3180 ( at least ) Good Luck

This is USDJPY 1hr chart and as we can see there are 2 possible demand zones ( if you believe at least for bounce towards 113,00/15 ): First one around 112,15/00, second oned ( wider ) 111,80/40 Good Luck

Overall dollar is trying to hold support, so here we are testing possible intraday demand, if holds we may see run for stops above 1,3260

Weekly and Daily does not look good. Intraday: testing possible demand. Weekly close below 97/96,80 ugly. Market expectation related to December FOMC felt below 80%

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major key level strong level! gbpjpy h4

Divergences Spotted and we are testing an important trendline support if the 1h candle close below the support the first target will be the blue rectangle. First Target: 1.31850 Extension: 1.30900 Lets Go!