I am currently long from the indicated area shown on the long position. Double bottom and nice break of the short term resistance level ~131.20. Targets 1 and 2 shown.
Target1: 1: 1.65
Target 2 1: 4.5
-Best Regards and Safe Trading
Thoroughly, I don't see anything slowing down NZD. A lot of strength overall in the economy. I am long term bullish on this pair. I do believe in time we can hit a target of ~.77( a risk reward of 1:6.3) but for now, I am long for the more recent coming target of about ~.74.80. I am long for the double bottom and ...
With USD weakness across the board, and GBP strength across the board, I believe that we can hit the target of previous monthly support of ~1.41. Nice Risk/ Reward. Long on the momentum spike off the minor support of ~1.315
-Good Luck and Safe Trading
Overall we are bearish on USDCAD. After the FOMC statement there was a big rejection of the monthly level ~1.325.
Due to this it has also formed a double top if zoomed out from highs from March. I am already short with target levels as indicated. If we close strong above monthly level, analysis is ...
For months we have been consolidating with this pair. I believe Aussie is ready to go bullish. Simple break retest continuation of monthly support. As long as we close and stay above monthly support, I believe we are bullish.
Targets 1 and 2 are indicated.
Target 1 Risk/Reward: 1: ~2.7
Target 2 Risk/Reward: 1: ...
Previous post was invalidated with a small loss. I am very confident this will return to our previous resistance level of ~164. Nice strong bounce off support.
-Safe Regards and Safe Trading
Waiting for a strong bullish close above the weekly level of resistance indicated around the ~1.62 level. Before, I was short on this pair (if you check previous posts). With only a slight percentage of the UK leaving the European Union, I believe the pound is ready to regain strength. Price action formed a reverse ...
Across the board, I am seeing Weakness for all Euro Pairs. EURAUD, I believe is another pair which is about to drop. If we zoom out we can see sort of a Crab Pattern formation forming. Strong supply levels and double top in the ~1.62 zone. Price action on the daily is showing weakness on the last few daily ...
Based on a number of confluences, I am now short on this pair. Price has broke the ascending trend line then formed a head and shoulders pattern to the downside. Nice break and retest off the neckline. I am short since the break of the trend line at the retest. I am short from the trend line at the retest. ~.75 ...
Bearish on AUDJPY based on multiple confluences.
Strong double top formation and I am now expecting a continuation to the downside. Price has broken the
counter trend line. As long as price doesn't go above the ~86.35 level I am completely bearish on this pair.
Risk Reward: 1:75
-Safe Trading and Best Regards
Currently Bullish on AUDNZD. I see a reverse head and shoulders on the Daily with strong Bullish Closes in the recent days. Price had no problem breaking to the upside on the descending penant. ABCD in play so far. On the break we can confirm the D leg and hit about the ~1.167 level.
-Safe trading and Best Regards
Overall with the Brexit situation going on and technicals showing on the charts, we are bearish on pound pairs. Simple trade on this. Previous Support turned to resistance as a barrier. Break of the trend line should lead us to the previous Lower low made which is about the ~157 level. I am shorting as posted and ...
This was a swing I took on EURAUD. I shorted on the break retest of the inner trend line. Didn't get a chance to break but so far its looking like the trade is playing out well. Simple break retest and continuation. Expecting a first take profit around the ~1.495 level. depending on the price action on that level, ...
I believe as of now, unless we break Important levels on EURUSD, that we are in an uptrend.
For the main part i am buying on dips. Collected a nice amount on pips on EURUSD so far. This pennant break
should bring us up to a previous high which was about the ~1.148 level.
Risk Reward 1:10
-Thank You and Safe Trading
Based on a few confluences, I am short on USDCAD. Some of the confluences include a head and shoulders formation on the 4 hour. There is also a break and retest of an inner trend line.
Shorted on the break of the neckline.
Expecting a move to the ~1.3350 level.
-Best Regards and Safe Trading
Short on USDCAD based on a few confluences.
On the 4 hour we have formed a head and shoulders formation. Overall i am expecting weakness on USD. I'm expecting a switch in trend. In addition to the head and shoulders I also see a break and retest of a broken inner trend line.
Shorted on break of the neckline.
Despite the events in EUR, i feel that the price is undervalued.
From my technical view there is a strong rejection of the .70 level (triple bottom formation)
I am expecting some bullish momentum to the upside as indicated.
As long as we stay above the ~.75 level, i believe we can hit .78 then .81.
Awaiting a ...
Double bottom on the daily.
On the 4 hour i see a reverse head and shoulders forming due to the strong rejection of the double bottom with a strong bullish candles.
Expecting a right shoulder and then a retest of the neckline.
Break would lead us to a another test of the 73.75 level
Risk Reward 1:43