Looks like a short to me. You can wait for the macd line to cross over. :)
Hi Trader, Thanks for checking out this trade idea. I appreciate the thumbs up! Here we have a valid 2618 trade setup on the Pound/Aussie. See chart for entry and exit points. As I have noted on the chart this is a double bottom, I am therefore looking for a pullback to the 61.8% for a buying opportunity. I trade the 2618 aggressively, as such my orders are...
NZDUSD UPDATE! Price stalled at previous daily support @ 0.67767 making a higher low .We are now seeing some bullish momentum a #break and retest of the CTL on lower time frames would suggest longs in the pair, however strong resistance around the 0.68727 area could possible prevent further longs to Upside target 1. If a clear break of daily resistance/previous...
Gold rallied back up 1224.95. This should be great region to execute some short positions to capitalize on the potential 5th wave. However there is a potential that it head higher to the 61.8% region before turning around.
With prices breaking an area of high support and further retracing back up to the support region. This aussie pair likes like might be creating a 5 wave move lower. Happy trading everyone
150+ pips to target 1...Good Luck!!! KEEP THE RADARS UP!!!
The pair looks to be continuing it's downtrend. Our previous post on the pair 251 #pips were banked with the pair hitting out first target. Our second target came close to being hit fortunately we notice it some bullish momentum on lower time frames helping us exit in profit before the pullback we have seen in the last four days. The pair is now trading in a...
The pair is now back continuing it's downtrend. Price was rejected at 128.189 daily resistance a early short entry was clear here. The pair has broke the counter trend line giving further confluences for further shorts to Target 1
0.5 fib level intersecting with previous support now resistance level. This is just a relief rally that is bound to end as we are clearly in a bearish trend continuation (already called it in the idea I linked below). A possible entry for a short position to ride down would be 159.8 where a resistance level meets the 0.5 fib level. TP1 would be down again to...
Prices did not hold double resistance (Tenkan Sen + Kijun Sen) today. They should now test the top of KUMO, which is very thin suggesting that a change of trend could be easily done. 1st target = Weekly TS (orange) 2nd target = Top of KUMO (red) 3rd target = Weekly KS (purple) Good luck
The pair broke weekly TL which held since 2014 , and has retested. Now we can see clear market direction to the downside this is confirmed by MA crossover to the downside and a break of daily TL. Target 1 @ 1.292261 , Target 2 @ 1.282262 A lack of clear market direction has resulted in less analysis from us , when market conditions are not clear sit on your hands...
A clear pennant formation can be seen forming on AUDJPY. I suspect the pair to head one more leg lower before breaking out to the upside. Let's see what happens
As you can see the USD/CAD has been in an uptrend for a while now. Looking at the daily time frame we can see a clear breakout and retest for a continuation to the downside. Ill be looking in the 1.2543 area for my target area.
#EURJPY The pair is showing #bullish momentum a clear break of #resistance zone & last high will initiate longs to upside targets. The pair still is overall in a #bearish trend a rejection @ resistance zone and MA +break of the trend line downside targets will come into play. WAIT FOR YOUR SET UPS TO PLAY OUT BE DISCIPLINED PATIENCE IS KEY TO SUCCESS!