Buy above TS at around 3.18800 Stop loss on support @ 3.17300 Target on KS @ 3.22631
This is a typical support/resistance setup. Buy at $7.23, with profit target of $8.00. High risk with $6.80 stoploss. Short immediately if price breaks $6.80 stoploss.
The price pressure channel support and I hope the 3D pattern continues and complete bearish pattern on D1 chart. Waiting for bullish divergence for an enter setup, keeping in mind that the price could go more down following Wolf wave pattern (In that case, I’ll consider the pair as bearish).
The pair is in a bullish momentum. Check out our latest analysis on www.ichimokuforex.com
According to higher TF analysis (Buy), it could be a good opportunity to trade this emerging pattern approaching to bottom channel. Divergence is present. Waiting for a bar reversal pattern.
Watching this pair closely. Ran in to resistance at 0.7375 and showing signs of stalling. Im watching for a retest of the 0.7255 support where i will look for the right price action to get long. Providing we get the right signs to enter my upside target will be back to daily resistance before looking for a new high at 0.7500
Will be looking for a bounce or break at the third touch of the ascending trendline @1.2800. This area is confluent with prior support & resistance. Falls upon the 50% fib level as well as the 200MA. Will prefer a long move in order to trade with the trend. Target will be to create a new higher high if there is a bounce with appropriate price action. Target will...
Long from 1.514, aiming for 1.546 as profit target with stop at 1.508.
We have a good opportunity to go long here. Do your own analysis.
Cable has been going sideways for the last 3 weeks, the 1.56750 level held well over a series of tests. A range play here with stop loss below the NFP spike low will give traders a really good risk/reward of close to 3:1. Something of interest to range traders. Not interested in trading this early in the week, if we are still lingering here on London open it will...
About at the end of the correction, except for that 9% one.
Breakout of resistance level @ 0.79200ish any pullback back to that level can be used to look out for a long entry
-As you can see, GBPYEN is on an uptrend so we only look to play long positions based on P.A. -We wait for a clean break to the upside and retest of structure for long opportunity/trend continuation play. If not, wait for a pullback to highlighted support and a long opportunity will present itself.