Time to go long on ICICIBANK for 269, 275
currently short eurusd after a break of then trend line and rejections of strong level followed by lower low lower close. I'm targeting 1.03700 level lows
This is a very nice place to go short for many reasons: The price broke the short-term up trend. Two Major resistances that the price was not able to break either of them. The Major daily down trend & 0.5 Fibonacci level. So the it will go at least to the next Fibo. level (as well as the previous structure high) which is around 0.7250. The there is a possibility...
The structure is pretty self-explanatory, wait for the breakout to sell, the price is most likely going to touch the past trendline (It can be seen in the daily chart) please apply your own strategy for breakouts.
I think CAD/JPY will make another wave on Trendline, if make a rejection on this area and VALID make a New WAVE.. Confirm for SHORT
The EUR.USD is one currency pair on this evenings watchlist. Once my entry criteria has been met we will set a sell stop order and await a clear break.
Price is about to touch middle AR center line. Look to see if this breaks or continues to hold. We still need to break 2273 area to go higher.
GOLD May test 1091.10 After FOMC meeting, Gold breaks new low. What I can see from the chart is: Gold may go to the 1.618 Inverse Ext And also it will retest the trend line. There is also a very important structure for support.
Since venturing below the established trend line set this year, NZDUSD had retraced to 61.8% of it's last down swing. To add confidence to this trade yesterday formed an bearish engulfing bar that move price quite a bit lower. Suggested SL is above the recent high and profit targets are in the 1.272 - 1.618 Fibonacci extension area.
XAUUSD Pay attention to the Trend line break out. If today the gold doesn't break new low. and break the trend line. This may implies the gold may change the down trend and rally to 1200. So two things we need to know: 1. a break down below 1150 implies gold may further declien to 1130 2. a break up the trend line, we may want to find a pull back to long.
The price for EURGBP has retraced to the 50% level of the upward move starting late May. This could set up to be a great risk reward opportunity. With the rejection of this key Fibonacci level and a trend line break for this retrace, I will wait one more day before making an entry decision. The criteria for a buy entry here will be as follows: Today's heiken...
Price has broken to new highs. The previous 2 days of large bars were clues that price may break out of the 2211 resistance level. Look for price to continue higher. First area for resistance could be a 1:1 move of the first swing down, and also the sliding parallel which is showing frequency.
In this moment CADCHF is making a flag, so this could be a good signal to sell after the price breaks the flag down, besides we have a huge divergence between the price and the MACD. Apply your own strategy for breakouts.
Bullish break on 15 min, moving it's way up to test outer trendline
The sideways trade since March 2015 represents the longest period of range contraction since the inception of the euro. Even afer the US elections, the trend remains the same and expecting the Dec 16 , Rate hike by Feds, it might break the major support line which goes as deep as March 2015.
Short after the break of the smaller countertrendline. Stop above the resistance zone, target at previouse lows.
FX:USDJPY looks like it may finally be ready to pop like a balloon. UJ has a history of me wanting to be violent with it so initial trade should be small. but an end of week pullback on USD with a deflation of jpy from election results could mean a big short to 105ish.