If the price gets a bit lower and tests the 1.3730 level, there might be a high potential long opportunity, IMO. Petr YouTube Channel: bit.ly TWITTER: @FlexibleTrader E-MAIL: psuchanek@smbcap.com Blog: bit.ly
If the price re-tests the prior support, there will be a nice opportunity to go long intraday, IMO. Petr
SHORT SCENARIOS #1: Re-test of recent consolidation range upper boundary (102.70) with a further drop #2: Re-test or another false-break of 103.75 and further drop, this might be a scenario for a broader downmove, but only in case there is no strong close above 103.75 LONG SCENARIOS #3: In case of a drop to 97.5 there might be a nice opportunity for longs around...
Personally I am waiting for a retest of the buy zone, which I highlighted in the chart. Let us see... Petr
GBPUSD IS CONSOLIDATING ABOVE AN IMPORTANT PSYCHOLOGICAL LEVEL. WE HAVE LOTS OF NEWS TODAY FOR GBP, SO LOOK FOR ANY SIGN OF STRENGTH TO GO LONG Petr YouTube Channel: bit.ly TWITTER: @FlexibleTrader E-MAIL: psuchanek@smbcap.com Blog: bit.ly
Goggle has been in a very nice steady uptrend since 10/2013 and it seems to be respecting a trendline, which has been re-tested again in the yesterday sell-off. Current price is also just in the high-potential buy zone around 61.8 Fibonacci retracement of the last swing (1140.0 level). If the price closes decisively below this level, a further drop is highly...
Watch 1874.0 level for potential shorts and 1847.0 for potential longs, since SaP seems to be range-bound at the moment. Petr YouTube Channel: bit.ly TWITTER: @FlexibleTrader E-MAIL: psuchanek@smbcap.com Blog: bit.ly
Since 03/2014 NZDUSD has been range-bound at the highs and has shown some interesting price action. A nice sell-off after a double-top formation might be a sign of weakness and the pair might drop lower. Currently there are two significant levels to watch, one for short, one for long. Let us see, if we get anything here. Petr YouTube Channel: bit.ly TWITTER:...
Wait for a retest of the daily pivot as highlighted in the chart. Petr YouTube Channel: bit.ly TWITTER: @FlexibleTrader E-MAIL: psuchanek@smbcap.com Blog: bit.ly
For a deeper understanding of my trading methodology, read my blog or contact me via: YouTube Channel: bit.ly TWITTER: @FlexibleTrader E-MAIL: psuchanek@smbcap.com Blog: bit.ly
AUDUSD is showing some interesting price action below 0.9100. As we can see, two false-breaks of 0.9078 level have occurred and now a third one is in formation. I am personally looking for shorts here, so there might be an IMMEDIATE DROP or a retest of 0.9100 and a drop after that. Let us see. Petr YouTube Channel: bit.ly TWITTER: @FlexibleTrader E-MAIL:...
In my opinion the price action below 197.1 might be considered as a bear trap. Now the price is re-testing 197.10, which is also a 61.8 Fibonacci of prior upswing. There is a high probability of a bounce up, so let us see. Petr Suchanek YouTube Channel: bit.ly TWITTER: @FlexibleTrader E-MAIL: psuchanek@smbcap.com Blog: bit.ly
Similarly to NZDUSD, this pair might go even lower, so I personally wait for the retracement to area 0.9050 - 0.9060 Petr YouTube Channel: bit.ly TWITTER: @FlexibleTrader E-MAIL: psuchanek@smbcap.com Blog: bit.ly
We had a nice test of highs in Kiwi Dollar yesterday. As the price action shows, the buyers ran out of steam above 0.8540 and were washed down by the sellers. In my opinion it is a sign of weakness, which might result in a further drop. A nice Risk-Reward opportunity for a SHORT might be a retest of 0.8570-0.8580 area. Petr YouTube Channel: bit.ly TWITTER:...
Have you read my blog post bit.ly about the sell-off initiation? Be sure to check it out. In todays analysis I present my view about the best level to join a new downtrend. Petr YouTube Channel: bit.ly TWITTER: @FlexibleTrader E-MAIL: psuchanek@smbcap.com Blog: bit.ly
Due to a nice sell-off yesterday it might seem that there might be some weakness to force the Eur even a bit lower. So if the price action above 1.3910 is a false-break (bull trap), a nice opportunity to enter short might be at the retest of 1.3910. On the other hand, the price is just above a support 1.3850, so any false break of this level might be a nice...
Ok, it looks like we have a "double-falsebreak here", which might cause an intraday upmove. I stay focused. Petr
Well, it might seem there is some short-term strength in SP500, I would wait for a weak pullback to enter long. Let us see. Petr