For this pair I have two possible scenarios that I am looking at. If this corrective structure on the 1 hour chart holds we should see another push up towards 1.3170 primarily and if that short term resistance folds an attack of 1.3270 is likely. If this corrective structure fails (orange arrows) I expect buyers to step in around 1.3080-1.3085 with targets at the...
We are closing in on a long term support zone. I expect the sellers to make another push downwards before the buyers step in to protect the zone between 0,9530 and 0,9500.
All the GBP-crosses actually show the same pattern, more or less. Possible overextension on the higher time frames, combined with clearly increasing volatility on the lower time frames and a possible change in order flow. On this pair I am looking to go long if price makes it back down to the short term resistance zone around 1.6718-1.6740. Primary target is...
The EUR/GBP has been on a strong bullish run during the last week. Yesterday was the first bearish daily close for 8 days and price looks a bit overextended to me. Lower time frames are indicating a shift in order flow as well if you look at the strong sell off, followed by a corrective structure. If this structure holds I expect price to drop to at least 0.86000.
We have a small corrective structure in between a support and resistance zone. If the structure holds and the buyers are able to maintain control we should see a rejection from the bottom of the structure. That would allow for a tight SL with primary target at 0.8500 and possible secondary target around 0.85750 if 0.8500 folds.
Best entry for this trade would be an entry on the bottom of the corrective structure with primary target around 1.3230. If that level folds to the bulls, 1.3350 would be next.
As mentioned in my last trading idea on this pair a bearish breakout was more likely but resulted in a false break. Bulls took over and pushed price higher which is now followed by a small corrective structure. As mentioned earlier I still have my main target at 114.50. Since this is a trade on the lower time frame though, 113.90 will come in before that and...
Very tight and confined pre-breakout sructure on the 1 hour chart. If we get a breakout to the downside a move towards 111.000 is likely. A breakout to the downside is more likely in my opinion. If we on the other hand get a breakout to the upside we should see a move at least towards 114.500 (red arrows). A conservative play is to wait for the breakout and enter...
Possible false break below the support zone. Buyers came in with force and if they can manage to keep the sellers at bay we will most likely see a retracement into the support zone where fresh buyers might enter and push prices up to 0.9800.
A simple structure trade. If we make it up to the resistance zone around 1.4530-14550 I anticipate sellers to re-enter and we should then see a move down towards 1.4460-1.4450 if the sellers are able to stay in control.
Yesterdays trade idea worked out really well even though sellers came in earlier than expected. The impulsive moves are getting weaker and volatility is increasing so I do not expect the next possible sell-off to be as strong. Still, we should make it down to the 100-area before more buyers step in.
For almost a month we had a breakout forming. For now price is holding at the top of the breakout zone. If buyers are willing to step in here we might see a bigger bullish move since there really is not much standing in the way in form of resistance all the way up to 1.81000. Things to keep in mind though: 1. Be careful with GBP crosses today due to interest...
Tight corrective structure after strong sell-off indicating the sellers are still highly present with low levels of profit taking. Resistance zone between 102.70-103.30. If that area manages to hold as resistance next targets are most likely 101.25 and 100.20.
If the resistance around 136.00 attracts new sellers, primary target is 133.30. If 133.30 folds 130.00 would most likely be next.
Similar to my other setups today. Corrective structure after strong move suggesting bears still present. Primary target 1.8310.
The corrective structure that has formed after the last strong sell-off suggests further downside. Primary target around 8.5350. If that level folds 8.40 would be a plausible next target.
Price action supports a short term bearish trade towards the bottom of the bullish channel, best seen on the daily chart. Primary target around 1.30.
Silver has been inside a corrective structure since the beginning of July. I suspect buyers to come in around 19.50. First target area would be around 20.50-20.60. As long as 19.50 provides support my bias remains bullish.