This is a very predictable and classic pin bar pattern. We'e clearly rejecting the 0.76 level, which is also an EMA layer of support as well. Also, with the retail crowd being heavy short this is a great chance to buy. I'm looking to buy at market asap or maybe 0.765 if I'm lucky and targeting 0.803 (1.618 fib ext) into the 0.816 area.
There seems to be some good confluence at the price level of 1.1621, where there is a Fibonacci extension by 127.20%, (rebounding off a 61.8% retracement). A possible formation of the gartley pattern is also being shown. Finally some strong resistance at this point making it a great trade to enter. A short will be the most ideal, however, you could decide to go...
Possible gartley pattern forming which is important, especially as NFP and Unemployment claims come out tomorrow. I expect to see aggressive movement to the upside, should the NFP's actual be lower than what was predicted and vice-versa. Great Risk-Reward ratio at 3+ which shows it is a great trade to enter.
Technicals on the daily is pointing for the dollar to drop today since price is under the 50MA, trendline break and fib retracement.....I never check news or fundamentals because I am strictly a techncial trader so lets see what the otcome of NFP will be.
DXY daily ICHIMOKU cloud indicating short- to mid-term decline Crucial levels 98.2 to 98.3
A multi year USD trendline + supporting MA looks broken this could single a downtrend for the pair , a break of 116.00 levels would confirm this . The pair may also fall into a range between 116.00 & 119.00
Bearish Channel – EU hit 3. top - still bearish trend Awaiting good/better data for the USD. Anticipating the destabilization of Europe with its currency EUR. SL above first top in the bearish channel EP @ 1.06838 TP @ 1.0750 - 1.0650 - 1.0500 RRR 1.77
Following our yesterday's bullish setup, EUR/USD is currently consolidating waiting for this afternoon's NFP. On H4, you can see on the left how the Lagging Span tried to cross its TS but was rejected. Prices tried also to cross the thin TWIST but were rejected as well. Also, TS acted as a nice support since prices touched it and immediately rebounded. The...
Hello all traders! More harmonics! We may have a Bearish Butterfly pattern on USD JPY 60m Conserve losses! As we have NFP on the way! Have a good one, and all the best in your trading! CharlieFX
Seems to be a lot of talks about the importance of NFP next week. Not looking to trade any fiat USD pairings and will be watching PM's for NFP. Sub 200k NFP surprise should drag this pair much higher. Happy how we have handled 13.85-14.05 and starting to feel bullish on Silver. End of month for Silver and Gold can get very volatile so low leverage is key for...
In this chart I share the way I'm looking at the Euro before today's shock event. The 4h chart provides us with a more granular look at the price action, and helps identify the catalysts visibly on chart in the form of the callouts you see here. The current juncture is that of a 4h downtrend, as insinuated by Rgmov (not shown on screen), and by the price action...
Hi traders, We saw a solid dollar rally late last week following the strong NFP result. The 270K+ figure will likely increase the possibility of a Fed rate hike in December (at least in many participants eyes). If we see Aussie rally, then I will be watching the 0.7080-0.7110 zone for an trend continuation opportunity to target 0.70 flat. Good trading. Luke
Simple analysis on chart, see my EURUSD chart for more information on today's webinar. Place pending orders: Long trade: -Buy stop at 1.32134 -Stop loss at 1.31681 -Target #1: 1.33996 Short trade: -Sell stop: 1.31228 -Stop loss: 1.31681 -Target: 1.25383 For more information and insights into managing this position, scaling in, and understanding the logic...
Hello everyone, Philip Stewart from Star Prosper here. Now that we've had the news event happen and the NFP closed the EUR/USD below our X-Point, what now? Find out what we're looking at in this weeks video: www.youtube.com NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart...
Junk bonds are typically just that - junk. But, the iShares High Yield Corporate has been one of those crowded trades that just do not die. After witnessing the immaculate short squeeze from 1,864, the SPX staged an impressive rebound. But as I mentioned earlier today (on my InvestFeed - link below), the SPY is looking weak, and the ADX, which measures trend...