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
Audusd is good opportunity to Short based on Rising Wedge and confluence with Regular Divergence on Awesome Oscillator(AO) Short zone area (0.7600 - 0.7610) with tight stop loss 30pips.. and good rewards... What do you think guys?
Reason: Breakout the trendline.. Look likes the price will retest at 1.0695 and go south till 1.06100 (Previous resistance)
Broke downtrend and came back to test and hold support at 1.04200
Expecting NZD to rise, Weekly Support hit, 88.6 hit and DB 1:4 ratio
EURUSD is currently trading within a Potential Reversal Zone (Major support level). We expect price to turn bullish in the near-term before hitting our TP 1, which is a resistance level. If price was to break further through the green trend line, we would expect it to move towards TP 2. If price does not break TP 1, we expect it to continue on its downtrend...
- EURUSD made a huge jump after a long consolidation. - now losing steam on resistance area - Waiting for a Kangourou Tail to form. - If bar closes at or below resistance area at 1.12035 - sell stop below low of this candle - S/L above high of this candle - T/P 2 zones away
Today price is near a couple important levels like D1 resistance zone, 1.32000 number and H4 trading line. We have an edge but it's only a trading and we need to be nimble, after all price can go in both direction. These black lines are a part of my own strategy, for me price is now at level 3 and most of the time (when I count it right), after level 3 price...
This is simple. Although the market has been moving sideways, we are technically still bearish in the higher timeframe. The market may put a 2618 at structure, giving us an opportunity to enter with the underlying trend.
In the short term expect USDJPY breaking the triangle to the downside targeting 105.50 and 105.00. Sell entry at 106.40, stop-loss at 106.75.
Another one-line-chart. Wonder if we see USDJPY recovering above 105.50 by the end of next week?
Rebound from trendline and close above 1.1210 resistance would indicate EURUSD climbing up to 1.1280.
Potential bearish reversal on USDJPY from current level 110.40 (green trendline projection), SL 110.80 (20.May high, R2 level), TP 108.80.
Short potential below 1.1280 targeting 1.1150.
A very powerful bearish engulfing candle formed today on EUR/USD. There seems to be an overall bearish sentiment forming on all Euro pairs. This signal looks nice forming below resistance at (1.4400) and being significantly more powerful then any of the consolidation we have seen over the past week or so. Looking for a tight 1:2 RR if possible, but playing this...
Tidy little hightest candle on some strong resistance which on the intraday charts is setting up a nice right shoulder to complete a head and shoulder pattern. Lots of room on my stop stop loss to leave room ahead of NFP. - Perfect hightest candle on 1D - On resistance on 1.4400 - Head and shoulder pattern on 4hr - With trend - 1:2.75 RR - Hybrid trade - Safe...