Market analysis. Notes on the chart. Here is a closer look at the current situation
Here are just some thoughts about EURUSD and GBPUSD. I have closed all my positions before Christmas, but I would like to share some longer term Ideas. EURUSD is inside large consolidation and next move I expect down to 1.1420, unless market will go above 1.1900. In such case there can be very good opportunities to go long. At the moment I prefer longs on GBPUSD,...
Waiting for the pull back. Current Impulse up has some signs of stopping and my plan is similar to NZDUSD. Selling is still dangerous as this Impulse may continue further up.
This is my next plan for AUDNZD on 4 hour chart. Market has an Impulse and pull back to 1.0900 would be good to look for entering long. Short term trade. Target would be 1.1000
Looking to sell. Expecting market to drop to 110.00. Market inside big range. Notes on the chart.
Price is inside weekly flag and 4 hour chart has another flag. Looking to go long again.
This is my plan for EURUSD. Looking for short term consolidation. Notes on the chart.
Consolidation on the top. Market is in up trend and yesterday price bounced up from support, but momentum is not so strong. I am in favor for the up side move, but break below 1.1600 should lead towards 1.1200. Up side potential is 1.2300
Here are just some thoughts about GBPNZD pair. Long term chart has ABCD pattern and next long term move should be down. Daily chart has broken trend line and this indicates that for a while market will consolidate or can continue to move down. At the top Double top is visible and neck line is around 1.9400. I think pull back to 1.9400 should take place and around...
Nice flag on 4 hour chart and break out to the up side should be nice place to go long. First target 134.30, next 135.00 I already took long position on CADJPY on the similar situation. and also waiting for the USDJPY
Looks like price broke up from the consolidation. I would like to see another small consolidation to get better price.
Smaller time frame (4 hour) in in consolidation in the shape of the Flag. Looking to buy. Going below 1.3300 would cancel my intention to buy.