Buy above 0.7180. Stop loss at 0.7140. Take profit at 0.7247. Reason for the trading strategy (technically): Price has continued to drop further and we’re starting to see price test major support. We prepare to buy above major support at 0.7180 (Fibonacci extension, horizontal swing low support) for a bounce to at least 0.7247 resistance (Fibonacci retracement,...
This was the trade we took last week making us around 86 pips in a single day, current idea is to short around 0.7238-74 for an extended target of 0.7096, stop above 0.7299
Buy above 0.7247. Stop loss at 0.7178. Take profit at 0.7341. Reason for the trading strategy (technically): Price has dropped perfectly to our profit target. We prepare to buy above major support at 0.7247 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) for a bounce up to at least 0.7341 resistance (Fibonacci retracement, Fibonacci...
Sell below 0.7343. Stop loss at 0.7390. Take profit at 0.7279. Reason for the trading strategy (technically): Price has bounced up perfectly from our buying area last week. Now we’re seeing price test strong resistance at 0.7343 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and we expect to see a strong reaction from here to push...
Buy above 0.7303. Stop loss at 0.7243. Take profit at 0.7409. Reason for the trading strategy (technically): Price has dropped as expected to our buying area. We look to buy above strong support at 0.7303 (Fibonacci retracement, swing low support, bullish price action) and we expect a bounce above this level to push price up to at least 0.7409 resistance...
Buy above 0.7303. Stop loss at 0.7243. Take profit at 0.7409. Reason for the trading strategy (technically): Price is approaching strong support at 0.7303 (Fibonacci retracement, swing low support, bullish price action) and we expect a bounce above this level to push price up to at least 0.7409 resistance (Fibonacci extension, horizontal swing high...
Sell below 0.7342. Stop loss at 0.7376. Take profit at 0.7251. Reason for the trading strategy (technically): Price has bounced up from our buying area and reached our profit target perfectly. We prepare to sell below major resistance at 0.7342 (Fibonacci extension, horizontal swing high resistance) for a push down to at least 0.7251 support (Fibonacci...
Buy above 0.7258. Stop loss at 0.7237. Take profit at 0.7311. Reason for the trading strategy (technically): Price is now testing major support at 0.7258 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and we expect to see a strong bounce above this level to push price up to 0.7311 resistance (Fibonacci retracement, horizontal overlap...
Pending Long @ 0.7235 Stop Loss @ 0.7160 Target @ 0.7385 RR Ratio @ 2.0 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Sell below 0.7319. Stop loss at 0.7344. Take profit at 0.7224. Reason for the trading strategy (technically): Price touched our entry level and shot up absolutely perfectly to our profit target. We prepare to sell below major resistance at 0.7319 (Fibonacci retracement, horizontal resistance, Fibonacci extension) for a push down to 0.7224 support (Fibonacci...
Buy above 0.7335. Stop loss at 0.7201. Take profit at 0.7291. Reason for the trading strategy (technically): Price has bounced up perfectly from our buying area and has started to retrace. We prepare to buy once again on major support at 0.7225 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a bounce up once again to 0.7291...
Buy above 0.7238. Stop loss at 0.7201. Take profit at 0.7335. Reason for the trading strategy (technically): Price is approaching major support at 0.7238 (multiple Fibonacci retracement, horizontal pullback support, Fibonacci extension) where we expect a strong bounce from to push price all the way up to 0.7335 resistance (Fibonacci extension, horizontal swing...
NZDUSD is up for some reason...? Nonetheless another Cypher Pattern completed.
Sell below 0.7295. Stop loss at 0.7340. Take profit at 0.7203. Reason for the trading strategy (technically): We prepare to sell on major resistance at 0.7295 (Fibonacci extension, horizontal swing high resistance, Fibonacci retracement) for a strong push down from that level to at least 0.7203 support (Fibonacci retracement, horizontal overlap...
Sell below 0.7204. Stop loss at 0.7181. Take profit at 0.7264. Reason for the trading strategy (technically): Price dropped absolutely perfectly from our selling area and reached our profit target. We prepare to buy above major support at 0.7204 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 0.7264 resistance (Fibonacci...
Sell below 0.7261. Stop loss at 0.7301. Take profit at 0.7208. Reason for the trading strategy (technically): Price is testing major resistance at 0.7261 (Multiple Fibonacci retracements, horizontal swing high resistance) and we expect to see a strong reaction from this level to push price down to at least 0.7208 support (Fibonacci retracement, horizontal...
We are still in bigger consolidation, if you are long on this pair it could be a short term trade to the upside for this week. Trade with care Good luck!
Buy below 0.7202. Stop loss at 0.7153. Take profit at 0.7331. Reason for the trading strategy (technically): Price has dropped right to our buying area once again. We remain bullish looking to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a further push up to at least 0.7331 resistance (Fibonacci retracement,...