I was in the clouds all day - however, I have been monitoring EURUSD closely for what could be the 'Next move" So here is my H4 take.
1.1350 Psychological level has supported the pair heavily in the last few hours as the pair was forced through the marked intraday support range: 1.1350-1.1365.
Now that the pair is above this structural bay, I anticipate the...
GBPJPY: Still long! 150.00 has been tapped once more and the price remains below. I see GJ moving lower to fulfil FIB extensions alongside retest monthly areas of support: 145.00, however, 147.50 weekly support does need to be broken. For now, especially after yesterday's closure, I am expecting pound strength and the chance to revisit the highlighted zone level...
GBP/AUD: Multi month lows have been printed between the 24th & 25th August, also forming a new daily low from the previous bearish structure we had been following for some time now. The rules of P.A suggest that once a prominent new low or high has formed in line with the overall structure of the trend, then we can expect the market to pull back from that level to...
EUR/USD: Slowly but surely we have crept above and beyond our previous daily resistance levels to make fresh multi year highs of 1.1909!
Again and again our projections had further upside in sight however, with Non farm payroll tomorrow and yesterdays candle closure being relatively weak.. There could be a bearish reversal pullback ready to come...
This week sterling has dipped back below 1.3000 & is now testing SUPP 1.2900. The last week of June provided a strong close for the month and from a technical standpoint sterling has the potential to print higher prices throughout the month of July.
1.2900 could be the base in which the retracement holds and the uprise continues. The pair respected the 61.8%...
GBP/AUD: Daily timeframe - For as long as the price remains below 1.7000 Monthly Res, a revised lower low should form past the lows formed mid June 2017.
1.6750 weekly support should be met relatively fast with my downside price projection point being 1.6610.
Following a week of substantial bullish movement - EUR/JPY is now approaching a 15 month high & is now consolidating at 128.00.
The price had stalled previously for over 6 weeks at our last support level of 124.00 before its break above with a 400 pip bullish climb this past week.
The current 128.00 is a major key level for this pair which was tested as support...
EURUSD - Three bullish monthly closures are now pressuring monthly range RES: 1.1450. I personally see EURUSD breaking above and beyond, favouring higher prices - 1.1610 being the immediate daily resistance.
If monthly RES holds over the next week then a pullback can occur, leading the price back towards 1.2880 Daily SUPP - An ideal area for Long opportunities....
GBP/USD - We have watched the price consolidate between a 300 PIP range from 1.2700 and now approaching 1.3000.
This past week we closed above this major key level at currently at 1.30264, we can anticipate an advancement in price for the week ahead. This could be a similar price stall that the 1.3000 major level caused back in July, August and September...
EURUSD third and final drive into 1.0615
1.0595 Short Activated.
1.0650 Stop Placement
!.0350 - 60 Target placement.
Will be more active Feb 2017 with my account. More Ideas, More in-depth descriptions
Spotted this opportunity on USDCAD. There are a few confluences screaming at me right now which signify a potential bullish move from here.
1.3280 CMP entry
1.3195 Stop Loss
Risk/Reward: 1:3 - everything makes sense.
-2007 – SATOSHI NAKAMOTO
According to legend, Satoshi Nakamoto began working on the Bitcoin concept in 2007. While he is on record as living in Japan, it is speculated that Nakamoto may be a collective pseudonym for more than one person. JAPANESE TRANSLATION FOR SAKOSHI NAKAMOTO: CENTRAL INTELLIGENCE: CIA PROJECT?
-AUG 15TH 2008
XAUUSD- APPEARS TO BE HOLDING FIRMLY BELOW 1300
THE LAST POINT FOR A POTENTIAL NEW WEEKLY LOWER HIGH.
IF 1300 IS BROKEN, A BULLISH REVERSAL CAN OCCUR. BUT NOT JUST YET.
A BREAK AND CLOSE BELOW 1200 ON A WEEKLY BASIS MAY TRIGGER A BEARISH DECLINE AND A POSSIBILITY FOR GOLD TO MAKE NEW LOWS BELOW AND BEYOND 1080.