While the Daily Chart shows the market is still in a range between 108.40 and 114.20 level, the H4 Chart show 2 potential short setups for this pair: 1st Setup > if price bounce back to area between 112.50-112.65 2nd Setup > if price bounce back (extended) to 113.00-113.25 Remember, wait for significant Bearish trigger first before taking Short position on...
For the last 5 months, price is moving sideways within 108.00 - 114.50 level. Last month, price breaks down 108.00 level and previous low a bit, before bouncing back up higher with the confirmation of Bullish Price Divergence. If projected with the recent 2 lows, price may form a Falling Price Channel with the current price is hold around its resistance...
GBPUSD > 9/24-29/17 Trade Analysis Timeframe: 1W Sideways trending in play with S&R levels between 1.3450 and 1.3587 A firm break above 1.3590 signals good probability of beginning of Uptrend towards 1.3910 A firm break below 1.3445 signals good probability of beginning of Downtrend towards 1.3140 * Personal analysis only. Please use your own rules and...
USDCAD - Short to 1.1940 1W Timeframe Week Trade #3 This week looking for a SELL opportunity only for this pair for a total target of 200 pips. Pivot Point @ 1.2178 was broken but fast approaching critical Resistance level @ 1.2240, believe a set-up for reversal is pending. Note that a break and hold ABOVE 1.2240 will be confirmation that bullish trend will...
EURUSD - Long / Short Opportunity 1W Timeframe Week Trade #2 This week looking for a BUY / SELL opportunity for this pair for a total target of 282 pips. With the Pivot Point @ 1.1945 and holding above the critical 1.1915 level: Phase 1 Tentative: BUY Entry Market Order @ 1.1960 T/P @ 1.2085 Believe price could go as high as 1.2140 but will take T/P at above...
NZDUSD Long probability > 0.7500 Showing support @ 50% Fib Retracement Level having formed a Hammer. Firm Break and Hold above Weekly Candle @ 0.7300 signals positive probability up to 0.7500 Likely range of interest > 0.7410 to 0.7500 High volatility should be expected w/upcoming Parliamentary Elections Suggested strategy: Wait for clear break & hold above...
This currency pair provides a good opportunity to conclude August month on a high. Price action has been consolidating horizontally after that strong bear pressure which begun with a strong double bar bear engulfing pattern. Current fundamentals from South Africa are not that supportive of the Rand. Its economy is shambolic to-say the least and as they slide into...
GBPAUD - 1W Timeframe 3 of 3 Trades this week Entry Market Order @ 1.6335 T/P @ 1.6240 Total pips targeted for week = 95 Updates / Adjustments will be reflected in comments Personal analysis only. Please use your own rules and strategies prior to entering market.
GBPJPY - 1W Timeframe 1 of 3 Trades this week Entry Market Order @ 142.00 T/P @ 138.70 Total pips targeted for week = 330 Updates / Adjustments will be reflected in comments Personal analysis only. Please use your own rules and strategies prior to entering market.
USDCAD - 1W Timeframe 2 of 3 Trades this week Entry Market Order @ 1.2665 T/P @ 1.2460 Total pips targeted for week = 205 Updates / Adjustments will be reflected in comments Personal analysis only. Please use your own rules and strategies prior to entering market.
Legend for price level, trend line, and rectangle: Orange > Monthly Level Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level Both D1 and H4 are showing the overall trend is still up with price hold above MA200 and major support area 1.29737 - 1.30320. Currently, for the past 3 days, price pull back from the...
Legend for price level, trend line, and rectangle: Orange > Monthly Level Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both showing the overall trend is still sideways to down with price hold below MA200. Currently in H1, price seems to form Double Bottoms pattern with price hold within...
Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both showing the overall trend is still up with price holding above MA200. In H1, yesterday price pull back so deep to the major support area around 1.31060 - 1.31188 after GBP Interest Rate...
Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 shows the overall trend is still down with price holding above below MA200. However, for the last 1-2 weeks, price shows a great rejection from the bottom and bouncing up higher. Currently in H4 and H1,...
Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 show the market is quite consolidating with price moving around MA200 and forming Symmetrical Triangle pattern. In H4, the overall trend is still consistently down with price forming Lower High Lower...
Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both showing the overall trend is still down with price hold below MA200. For the last 2 days, in H1, price shows some momentum to the upside after succeeded breaks up confluences of...
Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both showing the overall trend is still down with price hold below MA200. Currently in H1, for the last 2 days, price shows some momentum to the upside after succeeded breaks up confluences of...
Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both show the overall trend is still up with price holding above MA200. Currently, price just broke down the confluences of support area around 0.79557 - 0.79696 (Price Structure, Up...