will be short??? entry 1.19054 and tp 1.16653 if can break 1.18189, don't forget to set sl 1.19575. wait for break the line. if not, market will go up.
I am looking at this pair and it is looking all bearish in all shapes and forms. This is a trade I will be looking to take in the coming days. And I will only enter it after I confirm the countries business front and how their economies are fairing and if it looks bearish from that front then feel free to shine on it. Remember to use your risk management well....
Gold might retrace first before uptrend resumes.
Previously, we anticipated this pair as bullish towards 0.7550 area. Price did hit the 0.7600+. The current movement suggests that AUDUSD is correcting and may or may not revisit 0.7450 before bulls reign once again. Happy trading everyone!
USDJPY being bearish for a limited time.
Lost the first trade set up today. Back in for more. Relatively certain once the eco news hits my analysis will shine through. 50k lot. Lines as before. Wish me some success! :)
Handling a very tricky case. An account handed over that was on the verge of losing just about 500k GBP. The unwind is tricky and stressful, very much dependent on the price touching up to 2120 and beyond. Here is the chart with a clear head and shoulder pattern supported by waves Fib and MACD
"Dude!" That's right, time to get out your FX surfboards. Until later today when US data and the ECB president Mario speaks you can be sure that we are going to be riding the combined waves of Elliot and Fib. Short term binary CALLS are what in my opinion will work here, but please do keep in mind EVERY single trade is a risk. And this is just MY OPINION. That...
Cable was not able to move up to our target from our previous analysis. Instead, it continued moving down, which tells that a top has been formed already. Price has room towards its 1.618% fibonacci level at 1.4055 before it corrects up.
Looking at the European markets today it is clear that uncertainty is truly king. These are some of the largest market price swings that we have seen since the last true market collapse. Truth is, with monetary policy in Europe and in fact Asia as well, the only "cure" so far, has been to print and print and print further currency. To push and spend and get into...
Cable's movement shows it is still on its corrective stage which might top at 1.4675 - 1.4730 areas.
Yen may continue to move lower. A break below previous low 105.54 would lead us to consider the alternate view of this market. Profit targets 106 area before bulls come to play.
Oil is moving sideways inside the blue channel . A break below signals bearish trend, especially when red channel is broken around 48.25.
EURUSD like other currencies paired against dollar, is still contained inside a bearish channel. Upward movement is seen as a correction which may reach 1.1216-1.1242.
Gold's short term movement is believed to be corrective, with limited bullish moves toward 1230-1235. Happy trading everyone!
Cable it seems is still contained inside a bullish channel. Price already retraced past its 61.8% retracement, and could still go on. Invalidation level is set at 1.4769 which when breached, will make us stick to our alternate view.
AUDUSD movement did not manage to reach the correction anticipated. Instead it continued lower. Still, price may post for awhile around 0.7155 area before correction starts. eeetradinganalysis.wix.com