AudChf Swing Short - Possible drop down towards 0.8150 handle..... For first instance look for 0.8330 as hurdle, break below the lower channel will open way to further decline in this pair. Price above the upper channel invalidates our short idea. Risk of 25-30 pips is more than enough to know whether we are right or wrong here. Huge risk to reward ratio makes...
General mid-to-long term bias is to the downside, but at this level its worth to play a bounce trade, particularly if there is some consolidation takes place. I m suspecting that the price will make push to 1.0130-50 handle or close to it before failing at that level. There is small demand zone & AB = CD pattern & channel low at current level, which I suppose good...
In addition to already published Trade Idea, this chart is to draw the attention of people for trade opportunity which will give the smallest risk for big reward. Stops @ 138.45 will do to know we are wrong....so trade accordingly & have fun.
Price is current supported by demand level @ 87.15-50 handle, but however with my previous analysis & current flat bottom triangle pattern suggest more downside in play, however the key price to watch is 87.15 handle...price breaking downside of this level & stabilizing below it will lead more downside.
EurUsd is at interesting level at the moment. Price is supported by wedge at the end of last week. As far as price action is concerned, it seems like one more last swing to north can happen here if price decides to do so. There is no absolute clarity on what price will do here, I mean it can decide to break wedge from here & it can also rally again to test the...
Bat pattern completes @ previous double bottom from where price rallied 300+ pips. Current price level will be interesting to watch for bulls. 1.4655 price handle is key as break of this will accelerate the depreciation in value for this instrument. Current price is exactly at PRZ zone lying between 0.886% ret. (1.4700) & 1.618% ext. (1.4680). Sustained break...
I believe the we have a top here at 89.90 handle & any price below should be sold off... I trying a fading strategy for taking entry...from 89.00 to 89.90 will sell with 3 positions at different level in between them. Price above 90.10 rejects idea of short selling.
Important level is 0.9300-09270 handle, price above this level is bullish & below here it goes bearish. Also note that recent TL is broken although not convincingly... price below TL will accelerate bearish sentiment. General expectation is bullish for time being....
Pretty cheap price to get long if at all any long traders left in this pair. Stops below 1.0665 & target minimum of 1.0810-25 handle as its untested supply zone, survival longs above that level will take price all the way to previous high to 1.0900 handle. Any price above 1.0900 handle denoted long term uptrend taking place.
LVL 1.2450 has acted as S/R flip in the past events, hence breaking the LVL will not be easy.... We have seen some sort of bounce already from this level now, hence trying long here should be wise.... Reistance at 1.2580 has broken very neatly & if it needs to be retested for new sellers to join in, then target for longs should be same. At the movement important...