Price is currently ranging between 1.34 and 1.35. Aim to buy at around 1.34 with a target of 1.36 (expecting trend continuation). Day traders should seek to take profit at 1.35 as opposed to potentially holding a trade where price is moving in a range whilst awaiting a breakout.
Clean move up to 1.35. Expecting price to find resistance here and retest the 1.34 level at least once more. Whilst unlikely, there's also the possibility we might range between 1.34 and 1.35 for a few weeks before a significant break either way.
Stop loss 1.35240.
Take profit 1.34000.
My prior analysis on this pair was to go short to 109.937 from 111.866. We are roughly halfway to that target and might have another potential entry. An ascending triangle has formed and a break of this would also be a break of the trendline. Should no confirmation appear or the trendline is respected, do not enter.
Nice round numbers here. Looking to enter long at around 1.34 with a short term target of 1.35. Trading a retest of the range price recently broke out of. A gravestone doji has formed indicating that price will move towards potential entry.
Strong bullish momentum as well as a break to the upside of the previous range creates opportunities to go long. The ideal entry would be on a retest of previous weekly and monthly resistance around 1.34478.
Good opportunity with relatively low risk compared to the reward. Price has made a double top and might be about to create a M formation. Additionally, price has respected downwards trend line. Target is 119.937.
GOLD recently broke from the trendline it was respecting going up and upon the retest confirmed that the trend may be reversing. Whilst the trend does appear to be changing, price has approached an area which has found demand several times before. This is confirmed if the candle being printed on the 4H remains bullish and closes with a clear rejection of lower prices.
Since around the 7th of January, EUR/JPY has been trading within a range as displayed. However, price has recently broken this range. Two possibilities have been identified.
1. The breakout of the range fails similar to that which occurred on the 15th to 16th of January. This upon a retest of the resistance of 125 is a confirmed short signal. The target for this...
A downside break of the range GOLD was trading within last week opens up opportunities to short. My analysis identifies two possible entries based on price action.
1. We may see a pullback and retest of resistance at around the 1288.5 mark. A rejection here is a short signal.
2. Price may fail to find support at 1280. A failed retest of this level is a short...