We finished a 3 waves correction at 1.6357 before seeing price come down hard & fast in a impulsive manner to 1.5360. We can count those 5 waves down, meaning we are now in a correction higher before resuming this downside move. (See daily chart)
We have a completed leading diagonal in higher degree wave (1) after wich price fell in a complex WXY correction down to 1.278. The fast move following this wave (2) and break of upper channel confirms the bottom is in place. This might be a wave 1 of smaller degree and we are currently in wave 2 wich should find support near 1.291 to 1.300. You can short this...
Update from previous post. I’m euro 0.09%bullish mostly because it has been one of the top-performing currencies in the past weeks, likely drawing most of the safe-haven gains away from the shaky dollar. To top it off, anticipation for an ECB hike continues to keep the shared currency supported. On the flip side, the Kiwi is on weak footing owing to the RBNZ’s...
Order valid until 09:00am GMT 18/09/18.
Sterling very cheap. Buying up when finding valid entries.
WAITING FOR POWER BOUNCE OFF THE 50EMA TO BREAK THE 'BULLISH' FLAG. TARGET IS AT 1HR 261.8 (GR4D) STOP LOSS: 90.600 (currency strength still shows JPY weak against CAD) Daily candlestix & r4d ¬ Bullish
If this price action moves to the downside inside this channel and breaks this area of support then you should sell the EURUSD. Pending sell order placed @ 1.10301 The RSI is overextended and we saw divergence occur with the Price Action and the RSI indicator. If this level we identified is broken this upward bullish move may lose its steam and we could see a...
10.35 RR Excellent Opportunity Pending orders ready for this pair
USDJPY - In the begining of April we expecting to drop till 109.00 area and after that after confirmation of uptrend to take off in next 2-3 months to 120.00 area. Trading idea is 70% technical and 30% fundamental. Risk-reward 1:5. There are big probabilites currency pair to get in range for a while in the end of April. Happy trading :)
This has got a nice profit/risk ratio (>2). Will enter this trade when price drops below 1.7029.
Will enter this trade after price drops below 1.41555.
May enter this trade at 0.75556.
Will enter this trade after price drops below 138.232.
Will enter the trade once price drops below 1.62647.
WIll enter the trade once price goes above 0.76694.
Will enter the trade once price goes above 85.653.
Will enter the trade once price rises above 111.793.