Great opportunity to short. this pair has been providing some lovely high probability setups recently and this one looks good too. Short to the bottom of the range. It's going to break soon, but judging by yesterdays rejection, it looks like we could be OK to short again to the bottom of the channel. It's a nice long tailed pin bar and it's quite possible...
Very clear "Text book" shooting star signal at top of a 50% retracement and confluence at previous S/R level, as well as just below the strong 9 month upper trendline. Other pairs are also looking bearish for USD too. Enter short on 50% retrace of the pinbar @103.49 SL: above pinbar tail and trendline @104.16 TP: at likely support around 101.87
USDCAD is at the top of a corrective wave and bears are clearly lurking around the 1.3100-1.3200 area. The pair has sold off 6 times from this area over the past 4 months. There are multiple bearish signals forming at this key level on both the 4hr and daily charts. Mostly likely the only reason this market isn't moving is because there are major news...
Silver has been consolidating at a key historical pivot level (18.500) for the past week while traders decide which way the metal will go next. Yesterday price broke out of the wedge consolidation to the upside. I'll wait for a retrace back to support before entering a long position. It was also a 50% retrace of the previous move higher. With the US...
Looks like USDJPY has hit a double-bottom and may be about to show some upside. There's strong bullish sentiment and a Higher-Low. With Stoch divergence. Waiting for price to break above the resistance at 102.50 before entering LONG, with a target of the upper channel around 105.00.
This pair is moving in a really nice sideways channel. Price looks as though it has topped out at 1.1191 and looks bearish from here. Have taken a short position with a tight 20 pip SL. I expect to take profits at around the Fib 38% retrace level (1.1121). 3m Chart I watched this trade closely on the 3m chart because I had a good idea that price would...
Made a helathy profit following this pairs bullish uptrend, but the pair sold off on the 2-Aug, probably due to profit taking at 9.6000. Price has retraced back to the Fib 28% level and formed a perfect rounded bottom on the 1hr chart. I actually spotted this trade at 9.4855 but decided to wait for confirmation that price had broken the Daily 8EMA resistance....
Made a helathy profit following this pairs bullish uptrend, but the pair sold off on the 2-Aug, probably due to profit taking at 9.6000. Price has retraced back to the Fib 28% level and formed a perfect rounded bottom on the 1hr chart. I actually spotted this trade at 9.4855 but decided to wait for confirmation that price had broken the Daily 8EMA resistance....
Pair has been in a corrective phase recently. Notice the LH and LL's at the fib retrace levels. Seem's likely that there will be one more bull back to the Fib 50% (0.7104) or even 68% (0.7068) level, where I expect bulls to return. This could be a good opportunity to get in early and get a very good R/R as price will likely up to around 0.7300. Daily Chart
EURUSD has just completed a nice up move to the top of the side wards range where I took profits and was then on the look out for signs of a reversal. Movement so far today is bearish. 1h shows a nice rounded top with some indecision and then bears came in. 4h shows a pinbar rejecting the upper resistance.
Looks like EURUSD has hit a double-bottom and may be about to show some upside. There's strong bullish sentiment and a Higher-Low and bullish Stoch divergence. Waiting for price to break above the resistance at 113.76 before entering LONG, with a target of the upper channel around 117.39, which is a fib extn level too, so a likely place for profit taking to...
Been watching this pair since 1-Aug and already have a short position open. The move still seems valid, but price has retraced up and currently looks like it could be rejecting the 4h 200EMA and upper channel resistance. I didn't notice the channel when I first entered the trade on the D1 chart, but it is obvious on the 4hr and 1hr charts. Waiting for bearish...
Long running uptrend has just had a pullback to Fib38% level. Looks like buyers are re-entering. There is some risk. Bears are quite strong and there has been a LH/LL on the 4h. The test will be whether price can break above 0.9400 where there could be bears lurking. Still worth taking as good R/R, just keep an eye open at 0.9400 and be prepared to sell if necessary.
Pair is in a bullish sidewards range bound channel. A daily pin bar rejecting the 8 and 21 EMA's has formed. This can be seen on the 4h chart as a bullish engulfing signal. Look to go long on a break of the doji (pin bar) or better still, wait to see if price retraces further towards to 8EMA before entering long as this will give a better R/R.
This pair has been ranging since the beginning of 2016 between 1.0800 to 1.11. Price has been climbing from the lows over past few days. Strong moves after many days of indecision doji's. Price seems to have currently hit and is retesting the sideways support resistance. I think it will retest and probably break through to the top of the channel.
Price appears to be selling off nicely on touches of the EMA50. So I'm placing a SELL order at 110.00 (VBRN). SL: 110.85 which has previously acted as support. I think that this SL is very generous, Actually 110.50 should be OK but I don't want to get stopped out. TP above previous lows @ 106.5.
If we look at AUDUSD on the weekly charts, we can see that the pair has been in a long-term decline, and is currently experiencing a Fib 68% retracement. However, when we examine the pair on the Daily chart, the short term trend is up since Jan 16, and price could be retracing to Fib 68% (0.7210). If 0.72100.7200 holds, we could see price go higher. If the...
PInbar on 4hr chart rejecting the 21EMA on the daily chart. There's a chance that I should possibly have waited for confirmation before entering, however it's a very nicely defined bar rejecting a key level.