Long term trend is down and moving around the red line as drawn using pitchfork. The short term trend is downwards as well (small pitchfork). When price makes a lower low. Enter for a good RR trade of 1:2.2
Preceeding trend is strong bearish. When this retracement finishes and price moves down to make a lower low, there's a good short trade here with an 1:2.8 RR till the next SR zone.
The 12 hour candle at the moment shows significant buying rejection coupled with a convincing selling run behind it. It looks like it will continue the sell run all the way down to the major SR zone around 1.41 If price makes that lower low, enter this trade for a good 1:2.8 RR trade Idea's, comments, let me know below! Thanks for reading and good trading :)
Likely move to strong former SR zone, as well as a move back towards the median line which it has been following for more than 3 years. Enter this short for a good 1:3.8 RR, be aware of the minor SR at 0.72 Good trading this week and leave a comment if you have anything to add Thanks!
General trend has been bearish for many months. The pitchfork indicates the trend and the mean of this trend (the red line). The mean is where price is likely to reverse towards. At the moment it's moving around a strong SR zone (a channel and SR zone as indicated by the blue horizontal line). When it does start making lower lows, there's a good entry here for a...
JPY pairs are gaining strength across the board and it doesn't seem to stop. If this pair makes a lower low once again, it's a good indication for further moves down towards the next strong SR zone. I'll be entering this trade for a 1:2.5 RR. Comments, suggestions. Please do let me know. Thanks and good trading!
Move to the median is very likely, furthermore if it breaks this SR zone with lower lows there's a high probability for a 1:3 RR trade.
Price is looking to move back to the main median line. To confirm, wait for the; break of this channel, and strong SR zone. Comments or idea's, let me know below. Thanks for reading!
Since december moving up steadily and in the upper half of the pitchfork since beginning this year. It's likely it will bounce off the major SR zone around 0.777 - 0.78. Let's see next week how this develops. Comments or idea's, let me know below. Thanks for reading :).
On the weekly there's a clear down trend for the last 4 years at least. Since this year there's been a strong move up almost all the way to the outer channel line. Momentum for the up move seem to be slowing down however, when price breaks this momentum out of the short term channel, go short. Let's see next week if this move continues down and this trade is...
This pair has been moving between 1.4 and 1.44 for more than a month now. The 8 hour charts shows good reversal signs once again. There's therefore a good chance for a reversal towards the mean. I've set a wider stop loss to accommodate for some volatility from the ECB rate decision tomorrow. Comments or idea's, let me know. Good trading today!
The main trend on the daily chart has a bearish bias as shown by the pitchfork setup. Price at the moment is near SR and the median parallel line, There's a high probability for a short towards the median line (in red on the left). Price needs to make clear bearish moves first. When price makes those lower lows, there's an entry possible for a 1:3.2 RR ratio...
There's a nice pinbar on the 4 hour chart that could indicate another reversal. If price makes it moves down enter for a good 1:2.5 RR trade. Comments or idea's. Let me know below :) Thanks for reading!
Strong bearish price action to be expected. if price moves down past the SR zone, it can move to at least to the next major SR zone at 148.3. Idea's or comments, please do post. Thanks for reading!
This pair is still in a clear downtrend as shown by the pitchfork channel. If the indecision from last week turns into more bearish movement, there should be a lower low forming. Enter this trade for a move down to previous Resistance zone and possibly further down. Be aware of the strong SR zone where price stalled previously, this can be a partial take profit...
Price didn't make a higher high, instead the red candle closed below the previous top, if price makes further moves down, put a sell stop below the close and there's a good 1:2.4 RR trade waiting. Comments or idea's? Please do post :) Happy Songkran (Thai new year) all and good trading!
EURGBP has been on a move up ever since the end of last year. If this pair is making lower lows and lower highs consistently. It could move down to the strong SR zone of around 0.78. Enter short for a 1:2.1 RR ratio trade Comments or other idea's, please let me know :) Thanks for reading and good trading this week!
The longer term trend for this pair has been bearish for a couple of weeks now. This trade is based on a bearish wedge formation that started early this month. Wait for the retracement and enter around fib 0.5 level with a stop just above the recent top swing in this wedge. We take profit around fib 2.618 for a 1:3.36 RR trade potential. Comments or idea's, let...