I think long term this pair will still go up, but short term it looks to retrace to 50% fib level and bounce up from there. If last week is any indication the selling might continue next week. Tuesday will definitely tell which direction this pair will go. If it break support, go short till the 0.5 fib level for a 1:4 RR possible return. Good weekend and good trading!
Last 12 hour close of the week clearly shows selling rejection, this means a good probability the buying will continue next week. Monday price is likely moving counter trend, enter as shown on the chart for a good 1:4.6 RR Good weekend all and good trading next week!
Selling pressure has been building for this whole week now, looks to continue passed the SR zone towards 0.936 price zone. Enter when lower low with a tight stop for a good 1:5 RR Good trading and beware of news later today for this pair
Quite some selling suppressed at this major SR zone around price level 84.5. The direction seems therefore to be bullish. A good TP area is around the (red line) median. This trade setup is good for about 1:7 RR Good trading everyone!
Bounced on resistance twice and entered on retracement for a good 1:6 RR Will keep an eye on 1.13 price level if it decides to reverse there to buy. Good trading all!
USDCHF slowly moving upwards but there's not enough momentum to push it further, reversal looks possible towards the median line. There's a good Risk Reward entering at the top of the pitchfork range for almost a 1:8 Good trading all!
Price action signals a further move up and an end to the downwards movement, after consolidation price can move to major SR around 0.96. Enter as shown for a good 1:5.4 RR Good trading all :)
The 4 Hour shows a shooting star candle and the 8 hour also looks very convincing this will be a short term sell off. I enter the trade based on a pitchfork drawn on the 5 minute chart to set my risk reward to a pretty good 1:3.4 Good trading all this week!
EURGBP made quite a move down last month and this month. It's now on the edge of the pitchfork channel, 12 hour candles show possible signs of reversal. Get in with a tight SL and ride the first moves up for good RR. Good luck trading!
Price looks to bounce off major Support zone and eventually move back into the pitchfork channel. Short term movement also indicate upwards momentum. Likely meaning the USD fundamental data is good. At around 7:30pm (GMT+7) when news hits, this should boost this pair up a bit. Be careful for the possible volatile swings though (always unpredictable!) Good...
Massive sell off move just occurred, the 12 hour candle will close with quite a long wick that would indicate further down movement. It's likely to go towards the median. Enter with a tight stop for a good RR of 1:8. Protect potential losses if it does decide to swing up again at intermediate SR zones. Good trading!
12 hour candles all look in the green ready to move up further. Make sure to protect entry point if it does decide to make a big swing. Comments or idea's, let me know! Good trading!
Price has been trending down with intermediate consolidation areas. At the moment there's a push to buy. If price is making further higher highs, enter as shown for a possible 1:3 RR trade. Beware of intermediate SR zones
Price has to break through tough resistance, third bounce is likely to break through. There are two strong buying rejection candles shown on the 12 hour. Confirmation of this SR break if price makes that higher high past the SR zone. Go long for a 1:2.2 RR trade. Good trading all!
There's a good amount of room to the left and price is moving around a major SR zone. If we get a lower low, open a short trade that's good for 1:2.5 RR
The 12 hour bar is painting a nice buying rejection pinbar at the moment, if price makes that lower low. Enter for a short with a possible RR of 1:3.7. Beware of the intermediate SR zones where price could potentially turn. Comments or idea's, let me know. Good trading!
Price is at a major SR zone and there's a lot of space to the left. Reversal to mean is highly probable. Go short till next SR Zone for a good 1:2.7 RR trade.
The bearish trend from last week can continue if there's a break of SR thus confirming the downward channel. Price can move all the way to the next major SR zone at around 1.122 level. Enter as indicated to get a good 1:3.2 RR ratio trade. Comments, idea's, let me know below :) Good trading this week!