My bias is still long on this pair as we have just seen a deeper pullback. On the daily TF it looks as though we are seeing a retest of the resistance turned support at 0.7950. I suspect price to rise from here with NFP on Friday potentially pushing price up past 0.8050 to create new highs
We have seen a consolidation in price over the last week or so. My overall bias is still long but i see price retesting the 0.7750 area before continuing its push upwards. SL - 0.7980 TP - 0.7750
We are struggling to break through resistance at 140.00 as we have no made a triple top. We could potentially see a drop to 138.60
We failed to make a higher high after a rejection off the resistance area at 1.0670. I can now price breaking through the TL and reach the support area at 1.0500
Bounce off TL with a potential drop into support at 1.2350 Very possible that we could see price drop and hit the lower TL at around 1.2280 for an approx 230 pip final target
We have seen a triple bottom on the 2hr TF off support at around 0.7480. I now expect price to hit 0.7600 before a potential next move up to 0.7750.
As mentioned on a previous post from last week. I was expecting price to either drop from the TL around 1.6500 or for price to push up further into the major resistance area at around 1.6700. We have now reached 1.6700 and i predict a 300 pip drop into support at 1.6400. If we see a break of support at 1.6400 we could see 1.6000 being touched in the near...
Price is struggling to break through resistance at 111.00 We may see a drop + new lower low at around 109.70
Price has struggled to pierce the 0.7500 support. If the daily closes above 0.7500 we will look to enter long on Sunday/Monday. SL - 0.7450 1st TP - 0.7610 Final TP - 0.7750
NFP may push this pair upwards as we are currently sitting at support. Tight stop at 1.0590 Target 1.0820
This short trade could go one of 2 ways.. We can stay below the TL for a 500 pip drop to 1.6000 We could pierce the TL to hit resistance at around 1.6700 for price to then drop to 1.6000 (as a final target) I will be waiting for a signal to enter short after NFP (probably Monday/Tuesday once the market has settled)
After a fakeout to the upside we are now back within the resistance area and also below the 1.3400 psychological price point. SL - 1.3460 TP - 1.3280 Personally i am entering in aggressively due to the high probability of the trade going in my favour.