Price reach a Demand monthly zone (blu line) and lose the down trend momentum. If price reach the new Demand Weekly zone (red line) there are high odds than it rise fast again. Long term scenario: about 500 pips! $$$ Buy low, sell high!
Pound had a huge run up. Looking to take a power move short 1:1 Momentum slowing - 4 hour showing double top head and shoulders with MACD looking to be going lower, crossing over the 0 line. Fib retracement from the last big move up. TP is just above the 0.618 FIB level. Will monitor, may TP at .5 if no strong momentum to push through. SL above key 1.95...
Another great time for long opportunity for EURCAD As mention on the chart, the buy opportunity has triggered since the time price broke up the triangle pattern SL: 1.4500 1ST TP: 1.5400 2ND TP: 1.5890 HAPPY TRADING :)
Risky set up coming into key 155 level. Could have waited to see if price breaks below this level before entering. Price going below the key 160 and showing strong downwards momentum. I can see on the weekly and month that there is much lower to go. Price is still making lower lows, and lower highs. Got some news to trade through, although on the surface this...
Reasons for -Firstly as we can clearly see we are in a Triangle formation -We have had multiple bounces from the Bottom trend line which is now acting as Support -The previous Four hour candle was a doji on the trend line -Now this 4 hour candle stick is forming a nice big bullish candle which signifies Bullish momentum from Trend line acting as Support -We...
Breakout with high probability of short term bullish gain for $NZDUSD
If today closes as a pin bar rejecting .66300, it would be a good opportunity to go long. Despite fundamental news about China crashing, the price was already affected by that.
Breakout of triangle towards the short side as predicted
Closed short $NZDUSD at 0.6699 for +17 pips profit!
Symmetrical triangle formed on the 15 minute chart. High probability of bearish breakout.
Trending nicely still strength in the GBP, waiting for a break of resistance to trigger long entries to complete the ABCD pattern. Looking for price action at the Inner Trend-line too.
USDCHF has broken out of the descending trendline where it also re-tested last week. This is highlighted by the yellow boxes which indicates bullish momentum can be anticipated. Currently Price is about to break that dark grey box and should it break, Im looking for around a 150pip gain trade with a expected target of around .9660
Price is Ranging and we can we can expect a bounce from the Demand Zone. If Zone holdes We will time entry to go LONG on 1H chart after first Heikin closing green. Target 1: 0.76 Target 2 0.775 Target 3: Weekley trend line Set stop loss at 0.758.
GBP/USD SELL 22/06/2015
AUDUSD is corrently trading in a nice downtrend, and as piphunters we then look for SHORTS. But currently price is trading an a close proximity to a string demand zone. So if you are already short you can stay long. But we can not enter short until we see a Norse setup BELOW demand zone. If price fails to bread demandzone, then we can start considering LONG if...
GBPAUD is a very bullish pair currently, piphunters will wait for price to bounce from trendline and timing entry on 4H or 1H chart depending on volatility. Daytraders could take this retracement as an opportunity to go short, but piphunters are conservative and we will trade in the direction of the trend :) If price break daily trend line we must look for...
Pihunters took profit on last postition on this one Thursday last week, we are now waiting to setup out of the void zone. So we will sit this one out to see where it takes us during the upcoming week