This pair has failed to make a higher high: It has formed a head and shoulders on the daily Time frame: It has bounced off the key Resistance level of 1.69000.
I placed a pending order just below the Dail candle close on the 16th of Jan 2020. I am nearly at break-even with this entry. I have just taken 2 more positions because of the break of the neckline of the...
This Pair Looks as if it has bottomed out near historical lows. I have taken this because of the Breakthrough of Key resistance After a strong Bullish candle formation.
The stop loss is set to trail at 35 pips. I have taken 2 positions and the first position is set to take profit at key resistance. The second position is well out the way so that the trade can run...
After a strong run south Starting in May this year:
we have seen this pair bottom out at 1.60000
It has been moving sideways for the month of August
There has been strong resistance at around 1.63609
today after daily candle change we have seen it break out above this key area;
Suggesting the probability of a sustained move North
It is important to remind our...
This pair has been struggling to break above 1.07000 since Jan 2019;
This area has proved to be a key area of resistance;
Note also that there are Double Bottoms at 1.03000 area which are historical lows;
Hinting at the possibility of more bullish action with a close above the key resistance area of 1.07000
We have had a significant move down since the end of march this year; And while I am still expecting further weakness in the Kiwi this year.
How ever we do seem to of Bottomed out. And I wam expecting some sought of rest and Pull back; It has the potential to possibly retest the the 72.000 area; My expectation is that this a opportunity to scalp the pull back.
Pending Order taken in after a test of support past key resistance at price point 0..72000:
If you go down to the 4 hour chart you will see that the close of the last candle finished in a strong engulfing candle
taking out the Hi of today:
The potential target is 0.73000 to 0.735000 which I see as the next key resistance area this pair has to break and I will be...
Have just taken an entry on the CHFJPY
Break of Inner trend line daily time frame
And we now have a break below 116.500 support on the daily Chart:
Plus the fact that the Japanese economy is starting to pick up;
And it is a sell off the high
Have entered in with two positions
First target is the Missed weekly Pivot which is 116 pips away
Second target for the...
