Price looks trapped in a triangle within its daily uptrend line & Daily resistance. I will watch to see if price can reach the red triangle to look for short positions, or wait till we get a break of that daily uptrend line for price to roll over to the downside. Overall looks very bearish this one will require some patience but is definitely on the watchlist.. :D ...
Ngas on Friday prices dropped in a downtrend (a bearish bias) through trendline support near Fibo 0.618 level which is now seen as Resistance at 2.92. Support is seen near 2.86 Fibo 1 level
As we can see on the 1hr Chart Momentum is bullish and technically I will be looking for a retest / pull back sell.!!
Have a nice weekend
Watch for breakout of downtrend line & retest. Price currently between support & resistance, & will need to breakout either way. If we break to the upside this pair will have some room to push up reaching its daily channel.
Watch for a break above medium resistance level & break + Retest of daily downtrend line. This pair is still very bullish in my opinion but will require some patience...
Watching this pair for AUD news in about a hour if we get week unemployment numbers I will look to take this setup as price is sitting above support waiting for a breakout. I will take Audusd long if good news out of the Aussie. This news event could bring a strong move to this pair
Price has been moving sideways for some time now, & just recently we got a break to the upside & close above resistance. I have been waiting on this pair for some time now. A slight retest at the 50 fib level/trendline is likely I believe we are headed up now..
Price may have potentially broke out of its counter down trend line, waiting for a close above 61.8 fib & retest for price to potentially go back to daily resistance. Waiting for more confirmation :)
Looks like price retraced back to strong resistance, 200 EMA playing on that as well. Price seems to be trapped so I am waiting on a close below the red rectangle & possible retest to visit its recent low. Potentially break that level & touch its daily uptrend line. Price is making lower highs & lower lows at this time..
Trade with care!
Watch for breakout & close below 1.6800 zone (H&S neckline). This pair rejected its weekly downtrend line that has held since 2015, I believe this pair has a lot of room to the downside. GBP news this week, I will look to go short during that time. Nice opportunity here for a long term short potential will be watching closely!
Will be looking to take this pair long during GBP news in 3 hours if good data, If weak data ill be watching GBPAUD. Price now above daily support & right below the 61.8 fib. News will break this fib & continue to the upside depending on the data. Watch for break of Weekly downtrend line & retest for a long term long making potential higher highs & lows.
Watching for a potential breakout of bull flag, ill be watching this & NZDUSD for a breakout. On the weekly trend still looks very bullish, so now I am waiting for a break & retest for more confirmation ...
Trade with care!
For those who are being quick to short the dollar, id re-evaluate because price is respecting support & the inverse head on shoulders is still in play. If we get a break of support the right shoulder will then become invalid & my bias on the dollar will be bearish for some time. But for now I'm still bullish on the dollar...
