Hughjengine

Hughjengine

Depending on news, we could be heading up before a turn lower.

Hughjengine

Based on technical structure we could have two targets , 2nd being the bottom red line 0.70497. This has good risk reward and details on the chart. Two small positions only and goto breakeven when you feel necessary, latest target one.

Hughjengine

On I break of 1.1360 which is long term resistance and current range resitance I will go long aiming for the two targets above. Take profit at target one and Stop to breakeven at target one. Price seems to have broken through the bull flag but resistance is still ahead at 1.13160 which is a long term resistance level. RSI Trend line broken Target 1 -...

Hughjengine

This looks like a bear flag/triangle or even small range forming before interest rate decision. I am waiting for Thursday so I have not drawn the triangle too tightly. It would be nice for a break to the downside before Thursday evening but this may not happen. CPI could also influence a move. Low CPI data could move for a retest at 2037 then all will hinge on...

Hughjengine

Failed attempt to the upside and triangle breakout imminent. I will be ready to go long or short depending on the side of the green triangle we come out on but favour a short. Two triangles at play and will trade both.

Hughjengine

Sell Below 2038 Bias is down with interest rate rises looming and failure to make new highs. Wait for confirmation before selling at 2038 as it bounced before. Fundamentals should trigger the technical breaks to the upside or downside. Fed interest rate hike must be getting closer

Hughjengine

Long at the 382 retracement and trend line 1.5411 We are in a medium term (3 month) uptrend as you can see from lower lows on 4hr and daily charts. BOE still hawkish on rates Stop = 100 pips which is just below the recent low TP = upper channel

Hughjengine

I am looking to go long at 1.51852 and again at 1.50375 with stops below 1.49825. I have 3 profit targets 1.55467 1.57643 1.6184 which is .27 ext and 0.618 retracement Hopefully this gets triggered

Hughjengine

Overall bullish because of QE and I see a potential inverse head and shoulders pattern. Any thoughts welcome.

Hughjengine

MY BIAS FOR THIS PAIR IS SOUTH AND TO SELL THE RALLIES. WILL CHANGE MY VIEW IF PRICE GOES ABOVE THE QE LEVEL

Hughjengine

RSI bearish divergence and hand and shoulders pattern if it completes could be another correction

Hughjengine

Fundamentally a good short and following a simple pattern. 2 blocks down and one block up. A block being based on the 4hr chart and around 100 pips. Target 77000 It is obvious that people are selling every bounce possible so far.