The pair has showed rejection at a daily resistance point from the high created in late January of 2018.
Daily chart has tried to break above and has failed, showing signs of a pending correction to the downside.
Showing 2 potential trade outcomes on where i look to take profit, if the idea follows trough to the downside.
The pair has traded sideways in a range between 3.9 and 3.4 since January 2017.
Price printed a channel blow-off top in January 2017 with intervention from the government amongs other things.
Price have now traded above the january highs and rejected 8 daily sessions in a row.
The TCMB (The Central Bank of the Republic of Turkey) defended their currency at these...
UsdJpy has been declining for some time.
Price has now tagged an area of key support at 108.13, i am expecting a bounce from this level (108.14)
But price could go for a extended move down and touch the potential trendline just below the 108 big figure.
We also got some harmonic/measured movement, since the last down and up legs have been the same in pip amount...
CadCHf has had a extended rally over the last few weeks.
Price has taken out stops above 0.7620.
Looking for price to move down to 0.7410 for my target 1. Target 2 is still open.
Tradeplan: Take 75% of my position off at target 1.
Price was rejected at the weekly resistance at 0.7550 area.
Price has now formed a swing high, looking for a retracement into 0.7492 area before going short, aiming for the 0.7240 area.
1:3 Risk vs reward setup.
The pair is continuing to stairstep its way up.
The moves up and down are now equal in lenght both up and down.
Looking to get long at 0.6852 with a 50pip stoploss.
Going for a full lenght move once more, with target at 0.7150
Very nice risk to reward ratio (1 : 5.8 RvR)
NzdUsd has been in a uptrend since late september of 2015.
Recent weeks priceaction broke a KEY resistance area and price looks to be in a "stairstep pattern" with equal moves up and down.
So IF price repeat itself 1 more time we should have a good risk vs reward setup on our hands.
Order: Buystop at 0.6812 Stoploss: 0.6750 TP: 0.7045
1 : 3.45 RvR
The pair has been trading inside of a rising channel since June 2015.
Price is now showing weaknes after exiting the channel.
Price is showing more and more signs of selling pressure at this point.
First target is the 8.05 mark, that area has alot of price history.
Stops above the monthly pivot at 8.61 area.
The german index has had a full channel move over the last few days.
Indicators are showing some bearish momentum.
Going short on a break of 9350 with a stoploss above the daily high, will produce a very nice risk reward opportunity.
Target down at the lower trendline at the 8500 area.
Good risk reward opportunity coming up in gold.
Price broke a weekly trendline.
Looking to go long on the retest of the structure level (grey box)
We also got the trendline and the round 1200 number to help us on this trade.
I will not attempt to fade this rally on gold.
Limit long: 1202
Target 1: 1248
Target 2 (optional): 1299
As the title describes.
Price got a bullish AB=CD pattern completion.
We got a nice demand area and trendline support.
Non Farm Payroll coming out today, so this is my toughts.
Holding a few long dollar positions going into the report based on this analysis.
Potential bullish crab setting up on UsdJpy.
Waiting for the pair to come down to the D-leg completion and close above before i take the trade.
Stop loss would go below the spike low IF the pattern completes.
Target zone is 117.40 - 117.65