Expected scenario Long USDCHF, stop 0.9520, target 0.9680. 8-hour timeframe Hourly timeframe 30-minute timeframe *Once USDCHF slides below 0.9520 wave count should be reconsidered.
Close below 0.77 opens opportunity for sell trade targeting 0.7650.
Sell USDJPY targeting 112.45
Great little naked price action set up on EUR/CHF - Perfect low test candle - Previous low test candle on 4hr chart and already reacting - Testing key support of 1.0900 - Testing Long term bullish trendline from April 2015 - 60% Fibonacci retracement - Looking like a daily close above daily open will happen - With trend Clean targets at 1.10000 and then at...
Not the cleanest, but still a convincing naked set up on AUD/USD. Nothing is better then price reacting to the intersection of key support/resistance and a long term trend line. My favorite set ups! - Price stalled out at key resistance of (0.76000) - Bearish engulfing candle 1D - Double top Pattern (4hr) - Bouncing off long term bearish trend line - Aligned with trend
USDCHF has left upward channel. Backward test of previous lower band suggests re-enter in the sell trade targeting 0.9690 and 0.9640. Close sell once USDCHF returns in the channel range (close above 0.9750).
Short position inside ascending channel. Forecast remains actual until USDCHF trades below 0.9790.
Short position targeting 1.3160. Forecast remains actual until USDCAD trades below 1.3300.
Since late January, USDCAD has seen a significant counter-trend move to the downside after a sizable bullish run. On it's way down, price briefly found support at the 1.3390 handle (the first blue box) before breaking through it shortly after. After breaking through to the downside, this level got retested twice (the next 2 blue boxes) and met significant selling...
Just checking up on my charts for the week and after the close for the weekend before we got a tidy set of tweezer tops on some strong resistance on 1.3000. I'm only going to look for a 1:1 RR on this trade because I'm going counter trend on this as we've just had a breakout past the long term bearish trend line shown. Looking for price to retrace back down to...
Just checking up on my charts for the week and after the close for the weekend before we got a tidy set of tweezer tops on some strong resistance on 1.3000. I'm only going to look for a 1:1 RR on this trade because I'm going counter trend on this as we've just had a breakout past the long term bearish trend line shown. Looking for price to retrace back down to...
EURUSD has formed a series of impulsive and corrective moves that shows us exactly how much power the bulls currently possess. To clarify, impulsive moves tend to be "strong and fast" while corrective moves tend to be "weak and slow". This directly correlations to the strength of each party's hand. The bulls are in control right now. The push from the bulls are...
Within a steady uptrend, price initially struggled to break above the 38.5 level. However, the immense bullish pressure resulted in a breakout to the upside and a brief intraday pullback shortly after. Price preceded to create a new high and has pulled back to that same role reversal level (now support). It has formed a notable reaction hinting at potential...
USDJPY has reached intraday barriers marked in the previous idea. Next long targets are set on 1H timeframe with two descending trendlines at 114.40 and 114.90, respectively. Bullish scenario remains actual until USDJPY trades above daily support 111.30.
USDJPY on daily timeframe has tested for second time dynamic support 111.30 from May-Dec 2013 daily trendline. 4-hour chart confirms support area with descending brown trendline. Expect rebound from the mentioned level up to 116. Intraday chart highlights short-term resistance levels marked with yellow lines: 112.45 and 113.20.
I. EURUSD on daily timeframe has touched dynamic support 1.1125, marked with yellow line on the chart. II. On intraday chart the pair has tested lower range of descending channel, starting from 1.1380. III. Support zone 1.1125 is confirmed with trendline crossing on 1H timeframe. Expect EURUSD rising from current level targeting 1.1230.