We had a huge bearish variation at the 200MA on the 30min timframe that pushed price below key support. We are looking for price to continue retracing close to our .618 fib level around 126.080. Enter on bearish engulfing/variation at these levels.
Price is at the top of the ascending channel. Wait for bearish momentum to enter shorts. If we drop down to lower time frames (15m/5m) we can wait for a clear LH to form and enter on further bearish variations.
We can see a few bullish engulfing are forming at the bottom of the range. We can enter now for a more aggressive position or wait for a break above the 200MA on the 30min and enter on a retest of .892
Possible double top forming here. We can see a nice bearish variation has formed at the previous high. Look for price to retrace back to the 200MA around .705
Price is consolidating in a bearish triangle. Trade scenario 1: Bearish - We are looking for a bearish engulfing at 126.05 on higher timeframes or a break and retest of this level on lower timeframes (30m/15m/5m). Our first targets will be 125.7 zone Trade scenario 2: Bullish - We need to see price break above the200MA on the 30min timeframe and the key weekly...
Price is consolidating in a bullish triangle pattern. Trade scenario 1: Bullish - We need to see price break above 139.4 and the 200MA on the 30min timeframe with strong conviction. We will then look for a corrective retrace and 139.4 to flip as support. Enter on bullish momentum/variation Trade scenario 2: Bearish - We need to see price break below 138.8 with...
Price is consolidating and forming a pennant pattern. Trade scenario 1: Bullish - Price needs to break out of pennant and above the 200MA on the 30min timeframe. We will then look for a retest around 77.3 zone. Enter on bullish momentum/variation Trade scenario 2: Bearish - Price needs to break out of pennant and below 77.0 with good momentum. We will then...
Price has been ranging for about a week. We need to see price break and retest .889 before looking short. To look long, we need to see price break and retest above .892 and above the 30min 200MA before looking long.
We need to see the 30min 200MA act as resistance here. Looking for a clear LH around .742 zone to form a mini H&S pattern on the 30min timeframe. Target previous support around .738
The 200MA on the 30min timeframe is acting as good resistance. We are looking for the weekly and previous support around the .703 handle to act as resistance. Enter on bearish engulfing/variations
Price is bearish across all time frames. We are looking for a break and retest of 103.95. Look for bearish engulfing/variations on lower timeframes.
Brexit talks this week could cause for some extra volatility in the GBP pairs as we near the deadline. Stay cautious on these pairs. Price has fallen out of a rising wedge and below the 200MA on the 1h timeframe but we still have a lot of buyers at 138 level. We would like to see the 200MA on the 1h timeframe to hold as resistance to form a double top or see a...
We are getting some good bearish momentum on the higher timeframes and we have a minor break of support at 126.1. We are looking for the key weekly level around 126.2 to hold as resistance. Enter on bearish engulfing/variations.
Price has come to test the 200MA on the 4h timeframe once again. Price is in an upward channel and could test the weekly level again at the 104.5 zone. We are looking short and would like to see the 200MA on the 1h timeframe act as resistance. We need to see price break the supporting trendline and below 104.2. We can enter on a good bearish engulfing on the 1h or...
Price has broken below the 200MA on the 1h timeframe with good momentum. We need to see price retest the .7035 zone, key weekly level, and the 200MA as resistance. Enter on good bearish momentum/variations.
Price has broken key support on the 4h timeframe and broken out of our rising wedge structure. We are waiting for a corrective pattern to form and retest the 1.330 zone. Enter on bearish momentum/variation at these levels.
Price is at a key supply zone on the higher timeframes and the Daily timeframe has not been able to close above the key monthly zone at 139.8 handle. We are seeing an ascending triangle form on the 1h timeframe so we will wait for price to break and retest the 140.2 zone before looking long. We could see some consolidation going into the last day of the week....
We are at a key supply zone on the higher timeframes so we need to be cautious taking longs up at these levels, but we will continue to follow the trend until structure is broken. Price is currently in a downward channel on the 1hour timeframe. We will wait for price to retrace back to the weekly level at the 125.8 zone. There will be good volume at that zone to...