We can see that EUR/USD have come up to an order block entry and also a liquidity zone, it is now set for a drop down (short) and we have a couple of order block entries that will allow re-entry and cash out. Liquidity zone is also highlighted and is the area we believe it will come down to.
Gold's short term movement is believed to be corrective, with limited bullish moves toward 1230-1235. Happy trading everyone!
USDJYP ON A WEEKLY CHART HAD TAKE A SUPPORT NEAR THE RANGE OF 106 LEVEL. TODAY CURRENTLY TRADING NEAR THE RANGE OF 110 WE LOOK TO TAKE A BUY FROM CMP RANGE FOR A PRICE TGT OF 112-116 LEVELS IF HOLDS THE LEVELS OF 107.
I'm predicting the market should go up from this bat pattern that formed!! Thanks for Viewing!! #WealthClub #Forex
Very strong support level on AUDNZD, coupled with bullish divergence with the RSI falling into oversold territory. No significant fundamentals at play so a good opportunity for solely technical trades. Buy at the support.
The current political uncertainty in Turkey is what drove that sharp rally in the first place, and the current consolidation is, for me, a signal of momentum build-up that will cause another spike following further uncertainty in the country. The reason for this is that tourism could be affected, thus causing investors to stay away from the currency, buying...
There is a support line (the yellow dotted line) coinciding with 78.2 and 88.6 area of a fibonacci zone which should provide support. A triangle pattern seems to be forming a wolfe wave since the 5th wave has gone outside the triangle support lines. I have put two entries, a normal entry and a conservative entry for traders who don't like risk, and again a...
Possible trade setups from the ascending triangle. Could wait for a break to the upside or watch to see if the triangle continues to play out and buy at a later stage. Profit target is based on previous structural levels
Gartley pattern on the USDNZD has just completed with very nice confluence in the 1.272 extension and 0.76 retracement. Very choppy market at the moment on this pair which suits swing patterns like this. Also seems to be a bit of consolidation at a bottom, also good for a Gartley pattern.
Bearish divergence on the RSI, indicating a possible short opportunity. This is strong divergence as we are still in the overbought region. Seen a strong rally in the USDTRY recently over the political uncertainty in Turkey. We are seeing a consolidation at the top as the market gains some relief over the strength of the rally. This is a way to play that consolidation.
I speculated that the RBA would cut rates at the meeting in the beginning of May and went short with a profit target of 73. This has almost been met, providing us with a buy opportunity at the very strong level of structure , indicated by the horizontal black line. Could buy now or at 73.
Many good hit points on this rising wedge, with the 8th hit meeting a strong level of resistance at about 1.145. I would short with the hope that this wedge breaks to the downside with a profit target at the lower support level at about 1.048.
A number of trade possibilities on this symmetric triangle. I personally would be bearish USD fundamentally, so look for downside breaks to trigger an extended move down. Breaks to the upside will also provide excellent opportunities for a short-term trade.
Previously, we anticipated this pair to be bearish, and it did up to 107 area. As shown below, price may rise for correction, filling the gap. Target high is around 109 level before it finishes its downward move towards 106 level. For more charts, visit our website: eeetradinganalysis.wix.com