Short Positions Below 1066 With Targets @ 1056 & 1051 In Extension. Pivot: 1066Our preference: short positions below 1066 with targets @ 1056 & 1051 in extension. Alternative scenario: above 1066 look for further upside with 1069.5 & 1072 as targets. Comment: as long as 1066 is resistance, look for choppy price action with a bearish bias.
Estimated pivot point is at a level of 1.4794. Our opinion: Buy the pair from the correction above the level of 1.4794 with the target of 1.5240. Alternative scenario: Breakout and consolidation of the price below the level of 1.4794 will enable the pair to continue decline to the levels of 1.47 – 1.4650. Analysis: It is quite possible that the formation of the...
Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD Update status
Long Positions Above 14.18 With Targets @ 14.44 & 14.59 In Extension. My preference: long positions above 14.18 with targets @ 14.44 & 14.59 in extension. Alternative scenario: below 14.18 look for further downside with 14.02 & 13.85 as targets. Comment: the RSI is mixed with a bullish bias.
Long Positions Above 14.18 With Targets @ 14.44 & 14.59 In Extension. My preference: long positions above 14.18 with targets @ 14.44 & 14.59 in extension. Alternative scenario: below 14.18 look for further downside with 14.02 & 13.85 as targets. Comment: the RSI is mixed with a bullish bias.
above 1.4875 look for further upside with 1.491 & 1.495 as targets.
Short Positions Below 1.096 With Targets @ 1.088 & 1.0845 In Extension. Pivot: 1.096 My preference: short positions below 1.096 with targets @ 1.088 & 1.0845 in extension. Alternative scenario: above 1.096 look for further upside with 1.098 & 1.101 as targets. Comment: the RSI is badly directed.
On FX:EURUSD0.24% , it is clear that bulls are in control of the price. They pushing the price up and there is no sign of bears yet. So, when do we expect bears to step in and bulls start getting their profits? The next structure high is at 1.906, however, it is not a strong level to go short. Bears would not lose their battle so easy, as they momentum and big...
EURJAP: POTENTIAL GARTLEY PATTERN
Estimated pivot point is at a level of 1.0520. Our opinion: In the short-term: sell the pair below the level of 1.0987 with the target of 1.0730. In the medium-term: wait for the completion of the correction and buy the pair above the level of 1.0520 with the target of 1.15. Alternative scenario: Breakout and consolidation of the price below the level of 1.0520...
Estimated pivot point is at a level of 0.9778. Our opinion: In the short-term – buy the pair above the level of 0.9778 with the target of 1.0055 – 1.0130. In the medium-term: wait for the completion of the correction and sell the pair with the target of 0.95.
Estimated pivot point is at a level of 1.0520. Our opinion: In the short-term: sell the pair below the level of 1.0987 with the target of 1.0730. In the medium-term: wait for the completion of the correction and buy the pair above the level of 1.0520 with the target of 1.15. Alternative scenario: Breakout and consolidation of the price below the level of 1.0520...
Estimated pivot point is at a level of 0.9778. Our opinion: In the short-term – buy the pair above the level of 0.9778 with the target of 1.0055 – 1.0130. In the medium-term: wait for the completion of the correction and sell the pair with the target of 0.95.