Here we have some really strong support and resistance levels drawn on the chart ( green lines ) They are classed as strong because price touched them and then bounce a number of times ( I will let you figure these out for yourselves... I'm not spoon feeding you ) ;p You can also see a lovely trend line TL that has been touched more than once, so this is also...
Here we have some really strong support and resistance levels drawn on the chart ( green lines ) They are classed as strong because price touched them and then bounce a number of times ( I will let you figure these out for yourselves... I'm not spoon feeding you ) ;p You can also see a lovely trend line TL that has been touched more than once, so this is also...
Price hit resistance at the top and is now following a lovely trend line, we expect price to follow our TL down into our green zone which has previously been used as a key support and resistance area, so this is where our TP will be placed. This trade will give us 100+ pips, but if you take this trade please remember to use correct risk management. So go SHORT...
Get ready for another drop, you can see where price entered our zone and bounced... price has now re visited this again and now its kicking out time at the bar haha. We are expecting price to make further movement to the downside after price has had a little bullish run to recover from the drop that happened the other day, our overall outlook is bearish on this...
Our green zone is a lovely turning point for gold, we have had a lovely bearish run that will come to an end around our zone, we can see that price has just slowed down the last couple of days with smaller candles, this also indicates a slow down in sellers with buyers ready to take over. We are waiting for a good entry before we let you all know, so get ready...
As you can see price broke our trend line, respected our resistance line then dropped, price is currently now at another little resistance level after making a bullish correction where we either see a break or bounce. Our thinking is we are going to get a bounce very soon either at the resistance level we are at now or the resistance level just above, either way...
We are looking for a possible turning point in our green zone then a run to the downside, this area is key on all timeframes and has been used as good resistance, so we are looking for it to be respected as resistance once again. We will keep you updated on developments of this trade.
We are waiting for a re test and either a break or bounce of support/resistance level marked by our purple arrow. As you can see for yourself this level has been used as strong resistance in the past so might come down break this level and carry on using as resistance, or price could get rejected by this level and us it as support.. Either outcome we can see this...
We might get a retest our our TL, but if you look on the monthly, weekly and daily chart this pairing is still in a downtrend and although I am against the USD at the moment I still think this pairing has a little more downwards movement left in the tank before the USD gets weak and looses its value causing this pairing to push higher. So for now we are waiting...
Price is currently sitting at a very strong resistance that has been hit a number of times before, price also broke our trend line and price is also nearing an all time high, with the state of the US economy at the moment we can only see a bounce and downside movement. The US is in the most debt it has ever been, stock prices are weak, unemployment is on the...
LONG.... simple as that, we have had a lovely bounce off our support line that has been respected many times, and with USD weakening we can only see upside movement from here. That is all, short and sweet ;p
Price has respected our trend line ( blue line ) broke resistance ( green line ) and is heading up to our TP zone ( green box ) Obviously this pairing is in an up trend as indicated by our trend line ( TL ) if you cant see that then go book an appointment with your optician ;p Also if you get the daily chart up on this pairing you will see the last 3 candles...
We can see a trend line ( blue line ) that has been respected recently ( price coming down to touch it then bouncing ) And price has also been respecting our support/ resistance line ( green line ) you can also see this from where price has touched and bounced. Price is currently at this level and is testing it as support, now we think price will bounce and make...
As you can see price is sitting at good support and has had its 3rd bounce off a well respected trend line... so we are going long. Run out and fill your cars up now if you don't want to be ripped off ;p maybe take a few tankers and fill them up also so you can sell fuel at a premium price when prices do rocket ( don't do this as I'm sure there is laws against...
Here we have a trend line breakout and price closed above strong resistance thanks to the strength of the GBP last week, now all technical point to more bullish movement so we are still long on this pairing as we explained in our last GBP JPY post on FEB 28th if you want to take a look at that. A break of 2 strong levels could see price visit the moon again... so...
marked on the chart ( green line ) we have a key support level on the monthly, weekly and daily timeframe, we can see this been re tested again as price has made a nice bearish run the past week. So we will be in a sell until we get to this level, you have to have patience in this game otherwise it will beat you up ( I am talking from experience haha )
Old strong resistance turned new support and TL been used as good support also, price is currently sat at both of these so we can only see price movement to the upside. A double setup where 2 things confirm it is a good trade to take cant be ignored, look at it like this.... You are looking for a film to watch ( not a mucky adult 1 ) ;p you come across a film but...
Short opportunity, you can see price has touched our resistance line a number of times ( purple arrows ) price is currently at this level now and we can only see downside movement... so get on it and thank us later :p