According to my previous analisis: I was spiked out for some pips, but i think making an overall analisis the EUR is extremely oversold and need some correction these days. The bat pattern is still in play. We have also a bullish divergent double bottom from the key level 1.4000 Weekly chart analisis: Best Regards
I think we are at a critical level now, thats why today despite of good fundamental news the index retraced. We might be at front of a sudden reversal or correction because the market never goes directly to the stars. Some reasons to consider. - We have a perfect bearish crab completed. - More than 20 candles ride on bollinger band, when this happens price tends...
After positive fundamental news from US and a strong rally we can expect some retracement. This bat could work very well The last resistance from W1 and M1 will be hard to break so i will place SL above. Good luck.
According to my previous analisis, the W1 gartley is complete.... Doing more detailed analisis on W1 chart there are other technical reason to buy this pair. Its true the EUR is weak but it is extremely oversold, we must expect a correction this days. This trade is risky, but I prefer to enter as soon as posible to have a better R/R...
We must be prepared for some fundamental news on thursday. This bat pattern can work well if there are positive news for the EU. Good luck. Important: the fixed target is only for information purposes, you must use your own trade management system if the trade is open. Good luck.
Details on the chart. Just take one trade at a time. Best Regards.
Although now the NZD is the strongest currency, after a sharp fall we can expect a bounce at this level. The price has already tested the PRZ and reacted well. We have also and extreme RSI suggesting a pullback (see back). The targets coincide well with the 0.38 and 0.61 fib and previous levels of S/R Best Regards.
An intraday setup to make some pips near round level 1.2500 After the trendline was broken we have the first convergence. Now after a divergence on 15M chart we see also candlestick patterns suggesting the correction finished. Good luck.
This pair retraced about 500 pips from last high. Now is about to touch PRZ near the round level 1.900, a nice area for a bounce The B point of the bat is not touching the 0.61 level, so the pattern is valid. I expect a target a least to the 0.38 level. Good luck
A very simple setup, price broke channel to the downside and is bouncing from it. Happy Trading.
This is an update of previous post. Im still long, looking a H4 chart we see a series of HH,HL sequence. There is an inverse HS pattern also, wich suggest a change trend. Good luck.
After a monster rally this pair is in consolidation mode, lets make a topdown approach: On D1 chart we have a flag pattern, wich suggests trend continuation: Last price actions shows a rebound of the low of triangle pattern forming an engulfing bearish candle. This make our main bias bullish. Lets take a look a H4 chart: Price has started a series of HH (higher...
This is and idea related to D1 chart analisis. It is still not late for an entry. There are good opportunities on H4 and M15 charts. H4 chart analisis: Here on M15 chart there is a bearish bat already completed. Price formed a double top and currently rejected from the base, this is hour signal for entry. Good luck.
I think this pair will be consolidating for some time, forming different harmonic patterns. Here is a possible bearish crab at resistance zone. I will place a limit order there. Greetings.
All GBP pairs a making a correction at key round levels. I think this one must make some correction now, but i will trake profits as soon as posible because de w1 chart is still bullish. You can manage the trade on H4 chart also. Best regards.
This pair is bouncing between a clear range. Now the price is bouncing from the bottom showing a bullish divergence on stochastics. Greetings.
Price broke the key 50.000 level Good luck.
Both setups suggest a short from here: Daily chart analisis: On H4 chart we have a bat pattern completed at a strong resistance coming from D1 and W1. Best regards.