Two pin bars indicate near term bearish pressures likely. A retest of the support zone 1.2350-1.2300 is possible, but will look for the bullish wave to resume from there. Targets at 1.2650 and 1.2820. Stop could be placed below 1.2160.
Good looking setup as the index rebounded of previous resistance forming a long pin bar. Good risk reward ratio trade as well.
The pair made a significant bullish breakout above different resistance levels. 181.00 resistance level and the descending resistance and 50 day simple moving average. We might get a downside pullback before heading higher again.
Copper is trading in bearish trend and the ongoing bullish pullback was halted at the previous major low at 2.87 with a major shooting star candlestick pattern. Good shorting opportunity..
The index has broken the 50-days average and the rising support for the ascending triangle formation shown on chart. I think we will get a retest of 5740/50 support area. Also negative divergence on stochastic.
The index is retesting the previously broken high, it look like a Good level to look for long positions towards 12255 next resistance.
Been sometime since i last published, i am back with this eurusd coming trade. I am looking to short near the middle of the range around 1.0680, with targets at 1.0600 and 1.0500. Alternatively i will close short and look to long on breakout back above 1.0720.
I am looking to short as the price has completed a double top at the top of rising channel. Stochastic crossed overbought region confirming the sell signal. Good luck
Good area for shorts , what we have is : Cluster of resistance 38.2 retracement 50 days moving average Stochastic in overbought
Copper broke main short term horizontal resistance and short term trend line. I am looking to more gains after the completion of this bullish setup.
Good shorting opportunity IMO, going with the overall trend as price forms bearish pin bars at short term resistance level.
I think the bearish wave still has some room to go, for a retest of the broken neckline for the inverse head and shoulders pattern, which is also near the 50 percent retracement for the bullish wave. I will long neat that area.
Managed to break to the upside, also broken 50 days simple average and 118.80 latest high. Looks ready for bullish continuation. possible targets at 120.70 and 121.80
Looks ready to resume bullish bounce as price consolidates in a pennant pattern after completing an inverse head and shoulders. I think we will probably retest the main descending resistance for the major bearish trend which is near 94.50 swing high
Price have reached confluence of rising trend line and falling trend line for the wedge pattern, weekly stochastic in oversold as well.. no trade here, Just be careful at this area.
Consolidating below the 50 days average, it looks like we are heading to retest the support of main consolidation near 116. Watch for a break below or above trend line of this consolidation might signal the next direction towards the outlined targets.
Possible short here and continuation of the bearish trend after a retest to the Long term trend line and 50 days moving average . First target at 150 level.
This is looking bullish, a rebound of broken high that turned to support , forming a gigantic hammer, i see a minimum target at the latest high... I suggest considering pullback to long the pair.