EURCHF LONG term Major support rejection. This is not my analysis -credit EXCAVO the best view at this point.
GBPUSD SHORT term Waiting for Trendline & Major support breakout
XAUUSD SHORT term major resistance rejection expected, wait a daily reversal.
AUDNZD SHORT term Major resistance rejection. place your stop loss below the resistance.
Watch it as it still is low on the RSI with major potential now.
Still need data from US before make any decision... Signal from price action like bearish engulfing will be a good consideration to sell here...
After a bearish week previously I am looking for additional trades short after profiting from the initial break of the inside trend line. A little retracement up to 1.2400 area could provide an optimal short opportunity with targets down at 1.2500 with a 2:1 risk reward. if market does not retrace, a strong close below 1.23113 will also provide a decent shorting...
EU is now in the basic rejection uptrend line, potential continuation thru the Strong Uptrend line and rejection to the major resistance in 1.161. There is another resistance at 1.39-1-41, however this is not strong, just confirmed in the last 3 months
Bat with Harmonic Move With Major Resistance
EURUSD :Major Support Trend line is broken
Hey guys! After EURGBP broke through last week or so with an absolutely beautiful Complex Head and Shoulder's Pattern, I spotted that the profit target for the H&S Pattern would actually pierce through the 0.74850 Major Resistance Level! (Pink line). Weekly also show a sharp downtrend, with the H&S Pattern head directly touching the 61.8 Fib level What...
Hey gang! Found quite a high probability Double Top right here on the Daily Chart! 1.46664 Major Resistance level has held and a bearish bar has come! What influenced my decision: 1) Weekly chart shows a downtrend I will only take trades that follow the general trend. 2) Price retracement has reached the previous low of the impulse wave on the Weekly Chart...
After bouncing from a major weekly trendline with bearish divergence,we're only looking to go short on this market.If you missed the first opportunity which was the breakout of that previous correction, another place to enter the sell would be in the breakout of this next corrective structure.This may be a deeper correction so don't rush and be careful. After...
Hey guys! Found a good retracement back into the resistance level inside a channel! Good short all the way down to the end of the channel maybe? Good luck guys! Let me know how it turns out! Oh yeah! There is a volume divergence on the 15 min chart! Just more info to give a clearer picture :)
As you can see all the major indexes are an important resistance. On weekly: it has resistance at the 50 day. All our indicators have turned neutral or slightly down. We will probably have a consolidation or a pullback of a Fibonacci ratio, probably to an important moving average or the cloud. During these periods we still may have candidates but you will have...
I would short this right away. With a tight stoploss.
With USDCAD breaking a daily trendline developed since May 2015 on the daily timeframe, the pair might be finally heading back down. With prices currently under the 100 MA and below the trendline, i would personally stay away from the pair until it goes back up past 1.36563, or until it breaks 1.34439 to head for lower lows.