Be careful of the volatile news affecting the dollar but anyway the downtrend is coming to an end and us seeing bullush momentum when price reaches 1.51 level it will jump. Price is well belo wboth EMA's and stoch is oversold.
i think shes about to correct. look to these target levels to be achieved in the near future. give a comment below what you think and lets kill it together.
Strong uptrend so im following it. slight downtrend and choppyness has started because of heavy selling. price should come back up to normal. I could be wrong and price could touch the blue rectangle of support at 1.72619 level, if price does touch that rectangle a reverse is definitely going to happen. EITHER WAY I AM BULLISH
- Previous structure high big turning point after brexit - Market printing a clear range between brexit high and low @0.83289 - Bullish rally from 0.83 - Price stalling on all timeframes especially the daily printing indecision / strong wick rejection at this level which we'll be using for our entry signal - Entry at the low - Stops above the most recent high
Short dax RSI will explode :))
Looking for sell near 1.11- 1.1120 and TP at 1.1029-28, next zones are 1.0956 and 1.0919. Good luck to everyone, I wish profitable week :) !
CAD/JPY is currently in a downtrend. We can see the rejection of the area around 82.000 and the Bearish Engulfing Bar that followed that wind up, ended up pushing price all the way down to 78.198. Ending the week with a large Bearish EB on the daily Time Frame. If the bears can push and close below this move, we may see some momentum all the way down to the area...
EURUSD has just nearly touched this mornings 78.6 retracement level. Looking at the s//r levels from the past I was able to find some in february that match the 1.272, 1.414 and 1.618 levels of the present, which I've rounded off to be more precise. We're likely to see the high of the week forming tomorrow (tuesdays) to kill all scalpers and shorts that have tight...
idea-rebounce at resistance then go short,could break also resistance,wait on this one
BUY USDJPY @106.5 or @107.0 - SL @105 - TP @109-11 based on: $YEN's historical most important support level - The 105.5 Key level will more than likely hold as it has many times before - At 105.5 there are 3 significant UNSUCCESSFUL tests of the level over the last 3 years thus it is a great entry point. Also another plus is if you look at the monthly chart...
The impulsive five waves from the August 2015 low was followed by a triangle pattern that has been breaking out to the upside since the March 2016 low. This constitutes an A-triangle B-C wave count. It is rare for a triangle to be in wave two of an impulsive five wave count, therefore counting this rise as an A-B-C corrective wave has the highest probability. 775...
Currently watching USDCAD during a possible completion of another ABCD pattern . I will not be holding this trade until it reaches D because it could possibly form a double top. I'll be taking profits when it climbs back to B price point 1.318.