NICE BUY AS WE APPROACH RESISTANCE ON THE DAILY TIMEFRAME. LOOKING FOR A PULLBACK TO 61.8% FIB RETRACEMENT LEVEL. GOOD RISK REWARD RATIO.
As we have seen within the last few days euro is crumbling quite fast I personally see it falling to 1.08130 before bouncing off that support level and heading back up.
GER30 currently making higher highs long term. However we could on the other hand see a bounce of a this current fib level and a break through theascending wedge pattern,
CURRENTLY SEEING A RANGE ON AUSSIE ATM BETWEEN 0.7300 AND 0.7150
AUDUSD continues to make higher highs and lower highs, we have a nice area at 0.7170 and 0.7153
Risky trade however the risk reward ratio is still being respected so it is still valid possible short that could occur for USDJPY around the 121.1 mark. I would then expect a drop to at least 120.50 at least if that support fails I can consider a drop further down to my target 119.80. Risking about 35 pips for a reward of around 200 pips. Long term I expect...
EURJPY is currently struggling to break the channel it has already attempted twice in the last few months price is suggesting that we may fall back down to the 132.50 levels if we get a daily close below 133.50.
Still looking long term bearish although we have had few weeks of bullish movement following the change in trend on the 4 hour timeframe. We could see price reach back up to 0.8200 levels before continuing back down to its long term target around 0.6500
Still holding EURUSD Long positions although currently last couple weeks we have been a bit of a sideways trend so it is adaptive to switch to intraday trading. Possible moment can occur from two points 1.1000 levels or 1.080 I do believe that one of these levels will help move the Euro back up to 1.1700's
After my previous post hit target within one day of price action I am now consider GBPUSD's next move obviously we have two possible outcomes. However I current still see GBPUSD moving up long term however my questions is will price at 1.5360 levels. If so we could see another strong break to the upside.
This is a short term trade providing a decent risk reward ratio, Take profit set at 1.1390
After my previous analysis on GBPUSD hit my target within two days I still see a further target long to 1.5500 After my pervious target was hit we saw a big sell off occur as we had rejection near 1.5400
Following this weeks non farms results gave some poor data for the USD currency gave a bullish look for the Euro and the pound however sellers outweighed buyers and brought majority of the bullish move back down. However I do believe we can see that bullish move continue in the coming week., Potential target of 1.5330 is in mind for me. We ended this week with a...
As we know long term timeframes show that AUDUSD has been bearish for well over 12 months now however we have been getting slight retracements here and there. As you can see at 0.6935 we have a lower low which can suggest further downward movement however we have a strong demand zone further below if that level holds we could be short term bullish up 0.71760 we...
This week we had a lot of fundamental influences in the markets. Most importantly we had the FOMC Interest rates decision this week which caused a lot of volatility Thursday and Friday, which saw the Euro move 140 pips to the upside. Friday saw a complete reversal as we ended the day with a bearish engulfing candle which suggests a possible move to the downside....
Currently trending in a channel at the moment. If we can get a close below 119.86 we could see price fall to 19.39 and then 119.00