Buy above 1.2817. Stop loss at 1.2741. Take profit at 1.3029. Reason for the trading strategy (technically): Price is approaching major support at 1.2817 (Fibonacci retracement, horizontal pullback support, Fibonacci extension) and we expect to see a nice bounce above this level to push price towards 1.3029 resistance (Fibonacci extension, horizontal swing high...
Sell below 114.32. Stop loss at 115.09. Take profit at 111.77. Reason for the trading strategy (technically): Price has rose and reacted off our selling area as expected. We remain bearish below major resistance at 114.32 (Fibonacci extension, horizontal swing high resistance, bearish divergence) and we expect to see a strong reaction from this level to push...
Sell below 86.97. Stop loss at 87.70. Take profit at 85.74. Reason for the trading strategy (technically): Price has slowly crept up towards our selling area and we expect to see a drop on it soon. We remain bearish looking to sell below 86.97 resistance (Fibonacci extension, horizontal swing high resistance, Elliott wave theory) for a drop down towards 85.74...
Sell below 0.9679. Stop loss at 0.9701. Take profit at 0.9630. Reason for the trading strategy (technically): Price has continued its rise perfectly as expected and has reached our profit target again for the 3rd time in a row. We prepare to sell below 0.9679 resistance (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance) for a drop...
Buy above 1.1379. Stop loss at 1.1355. Take profit at 1.1447. Reason for the trading strategy (technically): Price has dropped nicely towards our profit target. We prepare to buy above 1.1379 support (Fibonacci retracement, horizontal overlap support, Elliott wave theory) for a bounce up towards 1.1447 resistance (Fibonacci extension, horizontal swing high...
Sell below 114.32. Stop loss at 115.09. Take profit at 111.77. Reason for the trading strategy (technically): Price is approaching major resistance at 114.32 (Fibonacci extension, horizontal swing high resistance) and we expect to see a strong reaction from this level to push price down to at least 111.77 support (Fibonacci retracement, horizontal overlap...
Sell below 1.1425. Stop loss at 1.1450. Take profit at 1.1355. Reason for the trading strategy (technically): Price has reacted off our selling area really nicely. We remain bearish looking to sell below major resistance at 1.1425 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance, bearish price action) for a push down to at least...
Sell below 0.7292. Stop loss at 0.7314. Take profit at 0.7244. Reason for the trading strategy (technically): Price has reached our profit target yesterday and bounced up nicely. We prepare to sell once again below major resistance at 0.7292 (Fibonacci extension, horizontal resistance, Fibonacci retracement, channel resistance) for a push down to at least 0.7244...
Sell below 1.1425. Stop loss at 1.1450. Take profit at 1.1369. Reason for the trading strategy (technically): We look to sell below major resistance at 1.1425 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) for a push down to at least 1.1369 support (Fibonacci retracement, horizontal pullback support, Elliott wave...
Sell below 113.06. Stop loss at 113.96. Take profit at 110.97. Reason for the trading strategy (technically): Price has started to form a nice reversal pattern at our selling area. We remain bearish looking to sell at major resistance of 113.06 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance, bearish divergence) and expect a drop...
Buy above 85.60. Stop loss at 84.88. Take profit at 86.97. Reason for the trading strategy (technically): Price is right on our buying area. We remain bullish above major support at 85.60 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) and we look to buy on weakness at this level for a bounce to at least 86.97 resistance (Fibonacci...
Buy above 0.7577. Stop loss at 0.7556. Take profit at 0.7642. Reason for the trading strategy (technically): Price is now right on our buying area. We prepare to buy above 0.7577 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a bounce up to at least 0.7642 resistance (Fibonacci retracement, horizontal overlap...
Buy above 1.2966. Stop loss at 1.2893. Take profit at 1.3164. Reason for the trading strategy (technically): Price is now testing major support at 1.2966 (multiple Fibonacci extensions, horizontal swing low support, Elliott wave theory) and we expect a bounce above this level to at least 1.3164 resistance (Fibonacci retracement, horizontal pullback...
Sell below 1.3044. Stop loss at 1.3081. Take profit at 1.2935. Reason for the trading strategy (technically): Price shot down towards our profit target before bouncing up once again. We now prepare to sell as price is approaching major resistance at 1.3044 (Fibonacci extension, horizontal swing high resistance) and we expect a major reaction off this level for a...
Sell below 0.9592. Stop loss at 0.9623. Take profit at 0.9540. Reason for the trading strategy (technically): Price has shot up and reached our profit target perfectly. We now prepare to sell below 0.9592 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to 0.9540 support (Fibonacci extension, Elliott wave theory). Stochastic...
Sell below 113.06. Stop loss at 113.96. Take profit at 110.97. Reason for the trading strategy (technically): Price has continued to rise perfectly towards our profit target. We prepare to sell below major resistance at 113.06 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance) and expect a drop towards at least 110.97 support (Fibonacci...
Sell below 0.7344. Stop loss at 0.7356. Take profit at 0.7301. Reason for the trading strategy (technically): Price is wow testing major resistance at 0.7344 (Fibonacci extension, horizontal swing high resistance) and we expect a drop from here towards at least 0.7301 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing...
Sell below 0.7697. Stop loss at 0.7725. Take profit at 0.7634. Reason for the trading strategy (technically): Price continues to test major resistance at 0.7697 (multiple Fibonacci extensions) and we expect a strong reaction off this level for a drop to at least 0.7634 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing...