Price consolidating looking for next big breakout? Looking to form a lower low now? Lets see.. Possible "M" Formation as well to look out for. Next demand zone at 125.00 Trade with care
Price making new Lower Highs & Lower Lows. Price touch @61.8 fibonacci level, now getting ready for the next candle. Good Luck!
Next wave up in effect, bounced off 50 retracement level perfect conformation ...
Pullback retracement last week after euro making a new higher high. Price at 61.8 retracement level if we see a strong push though zone and a break of channel top, we can see a lot of bullish price action. This week euro ready to make a new higher high?? Good Luck! -eazywayout
Price has been making strong moves downwards, On the daily chart we see an uptrend line that was recently broken/retested, If price closes below resistance we can see another move to the downside. Watch for break of hourly trend line to go short. Trade with Care! -eazywayout
Price currently at resistance after break of 4H downtrend channel, Price could come back down into trend & breakout to the downside or push up above resistance and go up. Possible break of channel/retest looking like there is upside potential. Wait to see how price react the next couple of days before entering... Good Luck!
Bearish bias, as price is below moving average and we so a break of 4 hour uptrend after bouncing off strong weekly resistance. I am expecting a pullback back to the trend line & from there will look to go short. As we see price now forming lower lows & lower highs, this indicates a reversal. Trade with care!
Price making new higher highs and higher lows now, expecting a pull pack for a higher low, then a new higher high should be formed if we stay above the uptrend line! Trade with Care. : )
Still in an uptrend, AUD strong momentum. Expect a possible pullback, and watch for break of 78.350 zone before considering going long. Good Luck!
Overall Long bias, watch for retracement back to supply zone. If price closes under weekly resistance we could see a pullback before a new higher high is made. On my watchlist for next week! : ) Trade with Care!
AUD being overall one of the strong currencies this week, and the dollar showing weakness.. If we can see price push above 77.500 (Weekly Support) we can consider going long!
Getting ready for next wave down? As you can see price is consolidating after CAD interest rate increase.. Next daily zone in sight would be 125... lets see if we can get a move before the end of the week! Trade with Care! :)
Possible long opportunity after last euro breakout. Price retraced & my bias since we are still in an uptrend euro getting ready for next move up! Good luck traders...
price failed to stay above resistance @ 88.500. Doji candle formed on 4h with bearish candle for conformation. Price making a pullback to 87.550! Trade with care!
Quick scalp, Double top rejection to top of daily trend line/ under resistance. Look for break of counter uptrend line... 30 min outlook possible head on shoulders
Price at a very important zone, looks like a possible retracement after breakout after price in the past failed to break this resistance. Waiting to see if we have a candlestick pattern close above zone to determine the direction. Trade with Care!
Price broke out of consolidation under previous resistance. Resistance broke & became support, & I see a retest to zone as well, also spotted a inverse head on shoulders pattern, look for bullish candlestick patterns for conformation. AUD looking very bullish! Good Luck!
CAD Interest rate increase created another wave to the downside. Congrats to those who caught this move! 200+ pip news trade :) Cad was strengthened and USD had weak news, this was a nice double news trade...