A higher high gives confirmation for this entry
The pair has consolidated. I am short bias but these are two potential setups that could take place during the week.
there's a bearish pinbar at 4H time frame, wait till completed, or if you cuold be more patient wait till completed at Daily chart. seek for entry at 50% pullback at the body of Pinbar, or if u late, entry at the close of the pinbar. ratio risk : reward should be 1:2 or 1:3, don't be too overconfidence with where the price will go, just take profit at the near...
Price has pulled back to what I think is a solid short term resistance prior to the London open. Therefore I am looking to buy at market, targeting 1.65 as a first target. My extended target is all the way up at 1.66.
Looking to profit from this strong counter trend move which is followed by a corrective move, indicating the sellers are still very present. Looking to enter at current price with multiple take profit levels. 1st: ~1251 2nd: ~1248 3rd: ~1244
it's been 3 week the price decline from supply zone, and there is a pinbar, we look entry at 50-61,8 fib
Looking to enter around 1.2537 if price pulls back a bit more, targeting 1.2560. Not shooting for extended targets since the HTF is pretty volatile and I think we first need to see a minor retracement on the 4 hour chart, something that would break this corrective structure to the downside. But before that I think price will make another push to the top of the structure.
Looking for a entry and bullish rejection around 1.6430 with first target at 1.6460 and extended target at 1.6500.
The corrective structure we are seeing on the 1 hour chart is hinting of at least another re-test of the 1.74000 area. Looking to go long if we get a retracement into 1.7372. First target therefore is 1.74 and if that level folds, extended target is 1.7460.
Mimicing the stucture on the GBPNZD I think this corrective structure we are seeing on the 1 hour chart is indicating another bullish move around the corner. Planned entry is on a retracement into 1.0708 with primary target around 1.072 and extended target around 1.074.
AUDUSD may be getting ready for a retracement, still waiting to see what the market does. This is the potential move I am watching for. Cheers guys!
On a fundamental basis, the US economy has shown relative strength to its developed peers. Specifically, in the comparison vs Japan, US GDP has shown a growth of 1.9% vs the last reported number for Japan of -0.3%, confirming long term trend of weakness of yen vs us dollar and the uptrend of USDJPY. Technically we seem to be on a consolidation area, exasperated...
Possible formation on a Head & Shoulders pattern. Todays price action closed with a clean Low test candle. Daily price action was decelerating while approaching the support zone confirming weakening Bearish momentum .
Price has failed to break previous structure and got rejected forming an Evening Star candlestick pattern. 1st Target 1225.00. I believe it will fall lower but we will cross that bridge once we go there.
Retest Broken Trendline My Entry Price would be on 1.0725 Stop Loss Price 1.0755 @ 30 pips Take Profit Price 1.0585 @ 140 pips What do you think guyz?
Since the USD has seen stronger gains last week, and the long term macroeconomic outlook for the US is of further growth and therefore strength of the USD, we could be seeing a generalized comeback to the uptrend in the USD and the downtrend in GBPUSD. Im biased to a short on the GBPUSD specially since the UK is growing at 0.6% and the US at 1.9%. --- Sources...
For those who missed the flight to short the Eurusd... its the best time to short now.. Reason : Break minor trendline ..... and Break neckline of Head n Shoulder