Currently the CHFJPY is at 112.73. CHFJPY setting up for a nice 25-50 pips to the upside. Structure says, we'll be looking for the 4th wave completion to the top of the current channel. Once we break out of the current falling wedge, we will have 2 targets @113.05 and 113.25-40 level. Next week, we'll be waiting for the move out of the CHF once they reach the...
Currently @113.14, the CHFJPY is getting close to a potential bounce. The pair is inside a BIG BOX, going from Top to Bottom .... if we bounce, we will be stopping at a potential PSR (Past Support/Resistance level, for more info on this, visit www.forextradingzones.com). The past support @113.50 and 113.60 are our potential targets. IMPORTANT...
EURUSD currently @1.3522, after the completion of our D extension now we will wait for a bounce of at least 1.3560. Take in consideration we have a past support of 1.3475-85 level. If we take a LONG TRADE now, we might have to be under water by 20-25 pips. So, go to the 60(min) chart and 10 (min), place your trend lines and take the counter trend to 1.3550-60...
Cable currently @1.7065, and we are waiting for the potential move to the downside @1.7010 --- If not be aware of the move to the top of the bull flag and the break to the upside potential of 1.7170. Best way to trade it, an O-C-O order. IMPORTANT DISCLAIMER: These comments are for information purposes only. Opinions, market data, and recommendations are subject...
NZDJPY currently @89.50 with some resistance 89.50-55 level. Head & Shoulder pattern, if they don't go over the 89.80 WE ARE GOING TO THE DOWNSIDE -- potential targets 89.20 AND 89.00
GBPJPY currently @173.43 getting close to break of the bear flag - This will be a continuation to the 173.00 and then the 172.70 Fib extension. Get your entry by going to the 60 min chart - and confirmation out of the 10-min. Always trade with price action and never trade without stops. IMPORTANT DISCLAIMER: These comments are for information purposes only....
EURGBP currently at 0.7971 with a nice potential short above 0.7980-90 level. Strong resistance at the 0.8000 - IMPORTANT DISCLAIMER: These comments are for information purposes only. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Do not trade...
AUDUSD currently at 0.9395, with a potential break of the flag below 0.9380 we can get a target of 0.9340-20 area, IMPORTANT DISCLAIMER: These comments are for information purposes only. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Do not trade...
GBPUSD stalling at the 1.6800-1.6825 level... We'll be looking for the completion of the 5th wave, with 2 targets - the 1st target to the support line around the 1.6700 then the 2nd target to the 1.6600. Entry SHORT @1.6815-1.6825 STOP 1.6860 1st Target @1.6700 2nd Target @1.6600
Potential short once again at the top of the Daily Chart before the continuation to the 1.5240. Based on our analysis a short trade at the 1.5115 - 1.5125 will provide us a retracement to the edge of the channel at 1.5050. Entry: SELL @1.5115-1.5125 Stop 1.5145 Target @1.5050