Looks like it is ready to continue down trend. With AUD strong AUD news this pair could keep declining.
I'm Looking for XAUUSD to head down to the 55-50 area , Most bullish attempts have been capped around the 1280-90's last night and there is still some room to the downside IMO . The 1270- 1275 area May provide support and will need to be cleared . T1 - 1274.50 T2 - 1255.00 ish'
I Shorted USDMXN at the break of the trend line last night before i went to bed, and woke up to a wonderful +$500. It is in a down trend on the larger time frame, so I expect it to keep moving down. Be mindful of the mini S/R line and expect a possible bounce there which could even take it back up to 17.54 where the top of the trend is. If it breaks the trend...
I think it could be a rebounce on a resistance for a continuation move. stop above 110.20 entry 108.70 tp1 105.80
GJ is approaching resistance potentially at the trend line and also at the 50 day MA (also 200MA on the 4h chart). I will be looking for a bearish signal from the candles and/or a break of the upward trend support (green line)
=> 10 and 50 MA on 4H show no sign of trend changing => Previous step dropped to trend line nicely => SHORT on this step up for good entry => The step does have almost a 1.00 fibs bounce but I'm not too concerned by employing a 2:1 RR ratio
Not the greatest setup but one to start the week with great risk reward :) reasons for 1.Price has come back up to previous support trend line and has shown imediate affect pushing price down 2.price created a bearish engulfing 3.Looks like price just made a correction and now is ready for a big drop also remember the trend is your friend :)
- Strong Bear Trend Bar - Measured Move Target based on Last Big Bear Spike - Support Below (2 Pink Lines) should act as a magnet
BTCUSD is trading below 1st standard deviation from weekly (120-h) mean at 257.5 amid downward slope of the mean. Price has probability to fall further down, if it stays below the 1st standard deviation. Traders can pick shorts close to the level (257.5) and stop at the weekly mean (262.3). Breakdown below recent lows will confirm the trade (254.0)
Today we will focus on short opportunity , some news are coming which can be benefit for us to make +100 pips ... best of luck !
We will only take short positions during this week ,,,,
We will take only short opportunities in coming week 23 - 27 March ...
As always this is just a projection. Looking for an entry in the green zone. Should be able to keep a tight SL. Projecting a BEAR move to approx 1.23592. Might see a slight retracement around 1.2391 to the 4H channel but I remain confident it will push below for a continuation. Thoughts?... Comments?...
WFC bouncing off trend line yesterday and today again to form a shooting star. There is some hidden bearish momentum divergence seen on the histogram, and the stochastic is coming out of overbought levels without price having broken the previous swing point high. This does look like a bull flag forming, but I am looking for one more move down to retest support...