Shorting this pair for no apparent reason other than riding its current range bound momentum. Shorted this pair earlier with TP @1.72293 and SL @1.72952. Might have to monitor this very closely in case it breaks out on the upside, esp oil has been rallying up again earlier today, though CAD continues to be flat. www.econotimes.com Daily: Weekly: ...
EURGBP Sell Entry Price: 0.88497 SL: 0.88800 TP: 0.87311 Price bouncing off Monthly resistance (Pink Horizontal line) Forming Lower high Within Trend channel Price has broken out of rectangle but this could potentially be buyers running out of steam Stochastic over bought Fundamental news for GBP tomorrow which if positive could see price take a dive
An inside bar has formed off of a near term support level. Price is consolidating in the long term but in the short term there is some price bullishness. This pattern formed after a small pullback and could set us up for the next leg higher. As soon as price breaks out of the mother candle I will begin moving my mental stop up at logical points and ride this as...
The price is still ranging, I would update when the price shows signs of breaking out. Keep an eye on the market over the next couple of hours as the price is testing the support of this range.
Looks like the price has pushed down since my last analysis and is testing the support zone right now. This pair needs to be watched for a breakout, which could take place within the next few hours.
The resistance level has now proved to be strong as it has bounced the price twice now, it is not clear which direction the price would move from here as the price seems to be stuck in a range. The pair needs to be watched for a breakthrough the support or the resistance of this range.
It looks like this pair has managed to breakout the lower end of the ascending triangle. It looks like the price has now reached a long standing strong support, it would be interesting to see if the price has got enough bearish momentum to break this support. The RSI is currently at an oversold level as the price moves and touches the support level, this indicates...
The market seems to be ranging currently, this seems to be due to a lack of volume. Once the price breaks out the resistance or support level we would be able to clearly see a direction of price for the next few days. I would post again once this pair has started showing signals of breaking through the support or resistance level.
FOREXCOM:AUDJPY Just an idea. some AUD new coming out later!!
TRADING THE RANGE LOOK AT MY PROFILE TO SEE EU ENTRY
LTC seems to be consolidating at higher level, and we can see a floor and roof being tested. I do believe the market will cool for a while between 0.014 and 0.02 before it carries on the bull run... Just an idea.
The pair is ranging around a critical support zone, further movement likely to be dictated by today's NFP.
Price is stalling, trying to build back some momentum sitting between daily resistance & weekly support, waiting for a break below for a continuation of price's downtrend..
One thing we know is that that history has shown that the with Axis axis of a APVMMLBRX (Inverse Ferrari Horse) (about USDT 270 ´ish in this case..) is extremely magnetic ! Making it ideal to range.. Be sure to range as far as your purse permits.. Obviously back to 70 would be perfect and up to 1k would be perfect.. Take profit when price ascends through your...
Time to range Golem ! Got a substancial stash that needs some direction.. Looking to long and short this Lightning Bolt looking Heartbeat on her axis and all fib extentions.. This is a powerful axis and it will be a magnet for some time into the future because of it's near perfect geometry
Lets Range our Beautiful friend Miss Monaco !! HLBLX - Heartbeat Lightning Bolt Left Hand Axis Cross.. Axis = 0.029 Best of luck Heartbeaters ! We are going to need it today !!
Price is in a consolidation range, ranging from top to bottom, so far price is rejecting daily support nicely, & remains bearish for now I believe. Not to hyped about trading USD pairs right now, due to FOMC meeting on Wednesday which will be big for the dollar..
Some generic analysis and a possible trade set up for everybody to look at - Bat Action Magnet Method. This theory dictates that when price begins a potential C-D wave, a break of the resistance of the 38.2-50% retracement of the initial impulse wave, price will continue to rise until the previous high. The key level in this setup I believe is 1.477. A close...