Break above my minor resistance and I would be looking for a 45 pip target due to a successful Higher low break. resistance break, hour break above also and a channel. Like, comment and share your thoughts/
Long - A break above this channel and the recent higher low could instantly signify a minor change in direction due to low momentum etc.. Short -Break below the recent lower lower would be a sign that we are going to continue to ray down.
We just had a pullback to the 0.618 area i would wait for the macd line to cross to get that perfect entry!
so we have 3 zones being broken by a bearish trend. if you look in the 3rd zone you will see a M starting to form. That M would end the bearish downtrend and reverse into a bullish trend after the market corrects itself. theirs A flag pole that hints that hints a new trend is in the works also. Blue dynamic support was drawn on the Monthly chart. as quoted...
I would short this right away. With a tight stoploss.
This was the trade i took yesterday morning on AUD/USD. I alerted my members on the breakout and we went long with the target at 0.7648 taking just 1hour to complete. Some nice quick profits. If you want to join my alerts serve then email contact@fxbentrading.co.uk
I've broken down the GBPUSD and based of my technical analysis I am deciding to go long for a 1:3 risk reward. We are having a Retracement of Yesterday high which is currently testing as a support level and I'm expecting it to rally up 150pips. A break above yesterdays high which is 1.4490 will be confirm later down the line that we are definitely heading in the...
I've broken down the AUDUSD and I've come to a conclusion that two things could possibly happen. We currently have a decent support zone at around 0.7600 which has been tested twice wile rallying up to our resistance of .07667 which has proven to be a major key level historically. We have also broken our official parallel channel a which is giving us a sign of a...
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pink resistance was drawn on monthly. this is going short. place stop loss above 30 pips above.68281
If you've been following my analysis lately, you know I love playing the breakouts. For this pair, I'm going to call a 5 wave move back down to 1.08100. I'm personally going to wait for the eurusd to retrace back up to 1.09432 before entering a short to lower lows.
Clear breakout from EURJPY. As always, I like to play conservatively, I'm looking the pair to retrace back up to 126.050 before entering short to 125.571. If you are an aggressive trader, you could short right now.
With a creation of new year low, I suspect EURJPY to continue its downtrend in the future. Right now, i expect the pair to retrace higher first to 123.636 levels before making its next move lower. However, there is a chance that EURJPY may push up to 124.937 as the pair has seen very bearish momentum lately. Trade safe.
With gold making a clear upwards breakout from 1247.96 levels, there is a clear path for gold to head to 1278.39. Personally I am going to wait for a retracement back down to 1255.00 before going long again. For more daily signals and analysis, please follow me. As well don't be afraid to leave a comment either you agree or disagree. Happy trading!
A weekly close above key monthly resistance last Friday above 0.7550 gives us projections of upside potential to weekly resistance at 0.7780. Statement is supported by Fibo extension level 161.8%, a weekly break and close of monthly resistance @ 0.7550 , bullish engulfing candle pattern. We are waiting for further price action.... a retest/consildation around ...
Going to put this crazy forecast and see how well it goes. With a break of a downward sloping trendline developed since mid February. I suspect prices are going to at least hit the 23.6% fib level (1.48689). Let's see how it goes
Upside to stay in focus following recovery from the 1.08260 low last week though strong resistance at the 1.10460 and 1.10680 area keeping gains in check for now. Clearance needed of the latter to trigger stronger recovery to retrace recent steep drop from the 1.13760 high. Support now at 1.09400 then the 1.09000 level. Here at Unique Forex we pride ourselves...
EUR/CAD (hourly) SUMMARY: The primary trend of EUR/CAD is bearish on charts and price is trading below the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.4900 and support at the level of...