look at the chart I'll sell if price not over 1.34
Failing at the prior strong resistance. Price currently at a retrace of a prior bearish 4H bar. Ready to move down. SL/TP as on the chart.
A good SR zone around 1.7400, price exhaustion and MACD bearish divergence. Will target around 1.7270 with SL of 1.743
AS Trend and Fibonacci We can see Sell in gbpusd Sell gbpusd cmp 1.3246 SL 1.3350 TP 1.3100 ( 50% Reenactment ) IF trade 50 pips Green move sl at cost
Reasons for - We are clearly up trending - We are putting in higher highs and lower highs - We are getting nice swing highs and structure - Previous 4 hour candle was a bullish hammer (Bullish candle) - We have nice long wicks to the downside which signals more buying power - We are above key level of 0.75000 Daily - We put in a huge Bullish engulfing last...
After the better than expected Aussie employment report and the Oil price once again rejecting 30$b/b I would expect to see some minor strength in the Aussie today. The combination of the MPC official bank rate votes and other Important data due out in the UK today which I expect to be on the dovish side we should see this pair post further downside. On the...
Short at D Tp1 at 38.2% Tp2 at 61.8%
This is one of those trades that most persons will love, the type that jump out at you. Price moved last night from the previous high 61.8 retracement and fell exactly to the 1.27 extension. then we are now having a pull back. Measure AB=CD and you will find that price lines up exactly at the 1.618 extension. know this about AB=CD, they always complete, i don't...
On this pair here is what i think is going to happen: First the pair would go short until it reach the 382 of the july 8 2013 trend up. Now im not saying it would go beyond that but im not saying i wont. Depends on the price action, now we should take profit in that area after making some in the short trade. Observe that this is a weekly chart and if we are...