Short EURJPY on the lower timeframes. the weekly major level has been violated. there is now a retest of the weekly key level. should the level holds a long order would be place after a new higher low is evident otherwise we would wait for the break and retest of the major key level before taking a nice short order
Short the pair. Refer to the previous analysis. Price has made a push and now is in the midst of the correction. We will be monitoring price on the lower timeframes before taking a short with a nice risk to reward
Short term bearish long term bullish. Last week dollar has made unprecedented gains and is due for a retest of previous resistance before making higher highs. The estimated take profit is the 0.50 region on the Fibonacci retracement. The short term bearish trend is estimated to last till Friday with macro news catalyst “nfp” as well as “fomc” the following week....
Based on price action, price has broke a upward trend which was rejected by a monthly resistance level. Price has been in consolidation . Should price expand downwards we shall be looking for shorts on a lower timeframe preferably with a sell stop order in order to trade with stronger momentum
We shall await strong bearish momentum before taking the trade. Previously price broke the support and had a nice rejection on the Fibonacci level. We shall wait for price to make a strong move to the downside before taking a short to the next support
Based on the rising wedge and price reaching a strong resistance zone it is a excellent entry for a short sell. For day traders ,targets can be at the 80.75 which was the resistance previously. For swing traders, the target can be at the 80.00 and lastly for position traders the take profit can be at the 78.50-78.70 zone