Potential for a short trade of the pair
Price was in a strong downtrend until earlier this week when news events pushed price back up.
However, as the Fibonacci demonstrates on the 4 hour, price began to resist at the 61% level and looks like it is resuming the downtrend movement
Price is now at an area of weekly support & resistance so watch for a break,...
Potential impending up move on GBPNZD
Price currently sits on area of weekly S&R and seems to be respecting it as support
Also, CTL on daily is approach the downtrend line on Weekly which looks to be forming a triangle formation - with possibility of price breaking out to upside - price currently has bounced from the resistance
A Fibonacci on the 4 hour shows a...
Possible short trade on GBPJPY
Price broke the Daily uptrend line to commence downtrend and start a fib pattern
Price then reversed at the 0% FIb which was roughly confluent with Daily/Weekly support and resistance
It retraced all the way to the 61% fib level before finding resistance and continuing back in downtrend
First target is the 0% Fib level at 181.440...
Long Trade on GBP/CAD
Price has broken the long-term downtrend plotted on the monthly chart
An MA crossover on Weekly represents the continued up move of the pair
Daily Fib shows that price has retraced to the 38% level before bouncing and progressing upwards again
On the 4 hour chart, price is currently sitting around an area of historical S&R
60 minute...
Price current sits around a long term S&R level
Expect that price will respect this level and a bullish bounce will occur and so price will remain in a range zone it has been in for some time
Watch the early chart action of the week to find a specific entry
Potential for a short trade on EURAUD
Price has bounced off the 0.618 Fib level and continued in downtrend, approaching the D extension levels.
Daily candlestick on Friday also closed as a Lower Low indicating further downtrend pressure is imminent
On the lower time frames of 4 hour and 60 minute, price has respected the current level of weekly and daily S&R...
Very good potential for a short trade
Price has broken out of the yellow range zone on the 4 hour chart and has retested it on the 60 minute chart suggesting a bearish bounce will occur. Further confluence of this downwards move is from the break, retest of the counter upward channel, along with a bounce off the daily downtrend line. Price has also played out...
Enter short if red zone of range is broken - go to Target 1 (previous zone of interest) and Target 2 in the event that target one is broken and retested. - This is confluent with the counter uptrend line and will suggested a lot for the future price movement
Price has just broken the counter uptrend line
Retest seems to be occurring
Watch the open on Monday to see price action on pair
Wait for price to test and break the 1.92886 trend line
If breaks, enter a short trade to previous zone of interest = 1.89558
Price looks to be respecting the 50% Fib which is also confluent with a historic support and resistance zone
Therefore, bounce could mean it follows the Uptrend channel it is currently in
Assuming price continues to respect the 50%, i would then wait for a break of the 38% before entering a Long trade to the 0% Line (Target 1) and the -27% line (Target 2)
Potential for a Long trade
Price looks to be approaching a couple of areas of interest
200 MA shows a gradual move up in line with the longer term uptrend line
Moving Averages (Purple and Red) look likely to crossover to reaffirm the up move
Since price has broke the counter downtrend line (and retested & rejected) it presents an opportunity to enter a long...
Price in a strong monthly downtrend since 2012
Green zone of interest shows key areas of support and resistance throughout price history
4 Hour downtrend channel plotted with at least 3/4 touches on each side
Fib retracement plotted with price currently retracing to the 0.76 Fib level which is confluent with the downtrend channel
Bounce looks to be in play -...
Price in a strong monthly downtrend since 2012
Green zone of interest shows key areas of support and resistance throughout price history
4 Hour downtrend channel plotted with at least 3/4 touches on each side
Fib retracement plotted with price currently retracing to the 0.76 Fib level which is confluent with the downtrend channel
Bounce looks to be in play -...
Green dotted lines represent areas of interest - S&R
Uptrending channel marked out with blue dotted lines
Sits around the middle green dotted line of S&R
If bounces, expect break of counter downtrend line from within the uptrend channel
Enter on a break and go Long to 137.036 (roughly)
GBPUSD - Long
Price has broken the Daily Downtrend with new Higher High being made for first time since approx 9 months
Green dotted lines represent zones of interest for when to enter trade
Blue dotted line is a possible area of support for price, having being resistance in the past, also aligned with .382 FIB. Expected retracement to this area before entering...
Price playing Fibonacci and also in counter Uptrend of regular price movement of the pair.
Tested and broken the long-term outer trend in recent times
Expecting a Fib retracement to (at least) the 0.5 Fib level/potentially to the 0.618 which encounters the inner upward trend line (blue).
From there there will be a possibility of a long trade with a price...
