Anticipating buyers to push price back towards the recent high.
Seeing price aren't able to push lower. Anticipating a push up towards the recent high.
If price are able to hold below 193. Chances are a big sell would be able to push price towards the recent low.
Pin bar formed at support line. Enter Trade at the nose of pin bar. Place stop loss below the pin bar tail. Or place stop loss using 50% retracement of pin bar for better risk to reward ratio. Target price is the next resistance line (ceiling).
If we are able to get a pullback higher with SLOW momentum. A short opportunity would be expected.
If price are able to hold around 30, a push towards the recent high would much be anticipated.
Looking for a deeper pullback with some struggles to perhaps go with the buyers to the recent high. Or higher :)
Looking for a further push up from this pair to the recent high.
Hello everyone, After end up a week with the USD gaining some power. I believe its time for a correction and this week we are approaching some opportunities. What we have in the FX:USDCHF asset is a retest on a downtrend that is alerting us for a possible sell. With this retest and expecting a stronger Euro, I’m personally looking to sell the asset thinking...
Seeing the buyers are able to hold ground, It is anticipated that another push would be able to go towards the top of the range or higher :)
Seeing price being able to hold above 43. Anticipating a buyers to be able to push price towards the recent high.
Seeing the struggling buyers, would be anticipating the sells to be able to push towards the recent low on the 15
Anticipating a push to the north as we are seeing some slow downs from the sellers at the moment.
We have a clear double top pattern + clear divergence Wait for pullback in between 38.20% and 50% Fib (red rectangle with green borderline) + Clear PA confirmation -otherwise I won't take this trade- 3 Possible TP levels marked on chart. Good R&R. Sharing is caring! All comments are welcome and appreciated! Peace out!
Seeing price slowing down massively around 40, would be anticipating price to push up towards recent high.
EURUSD is currently bouncing around in a range and has been rejected by the .5 level of that range multiple times. I believe that we see a small pullback before finally breaking above that .5 level and finally reaching the top of the range for a nice gain. Stops have been taken multiple times on the move up providing liquidity. Let's see what happens.
Hello Everyone, this Sunday I bring my technical outlook on what I think the market is telling us about the currency asset USD / CAD. Since mid-June 2018, we have seen the price creating lower lows and lower highs leaving behind a bearish trend line. Finally, the US Currency shows some powerful momentum breaking the descending channel. With this, we can expect a...
The D chart of EUR/USD has formed FULL ELLIOT wave pattern. The pair is currently making corrective waves in super cycle as well as cycle. More likely 'B' corrective wave will take the support at critical zone and then would move up again for the 'c' corrective wave. If the critical support broken, then there will be chance of flat correction waves as...