If this corrective structure holds I anticipate an initial move down towards 0.7580 and if the sellers manage to push through that level 0,750 could be up next.
Same setup as on the AUD/USD: www.tradingview.com First target around 1.3150 and second target around 1.2990 My personal entry has been triggered around 1.3245.
Very volatile on the HTF. Short term it looks as if the bulls have taken over control indicated by a strong bullish reaction with a weak correction.
Bulls have managed to push prices up and create a new swing high and price is now consolidating. If this consolidation holds and the bulls manage to keep control I got my radar on 117.00 as a primary target level and 119.00 as a secondary target level.
I think there is room for one last push into the 140-area before we might see a bearish correction after this last massive bull-run.
Pre-breakout squeeze. First target level 1.75.
To me it looks as if this pair is in for a possible short term reversal. Bearish pressure still strong so targets should be smaller than usual. If 1.73 fails to reject price we might be headed for a bigger move all the way up towards 1.775.
Strong buying followed by a balancing zone indicates that this correction most likely will be followed by another bullish move towards 1.4540 primarily and if that level/zone folds, 1.4600 would be up next.
After a minor bounce, the bears retook control and are now wrestling with the buyers around 1.46 and I anticipate a move towards 1.4560 as a primary target. If 1.4560 folds, 1.4470 is most like the next target.
Strong sell off followed by a horizontal correction. If the sellers are able to maintain control we could see another push down towards 1.4520-1,4470.
This pair has been in a ranging environment for pretty much 3 years now. Since this range held repeatedly it is likely that we will see another rejection from the resistance zone between 0.995 and 1.010. If price manages to close above 1.01 on a weekly basis I would change my bias from neutral to bullish, long term. In that case 1.050 would be the logical level to target.
The pair is still in a strong downtrend on the higher time frames. In the medium term price has found balance and has consolidated and we have a good resistance zone between 163.900 and 166.000 offering a good entry location if we get a weak pullback towards that zone. If the zone holds we should see another move down towards at least 156.000 and if that handle...
The correction following the last strong sell-off has taken the shape of a pre-breakout structure indicating that the sellers are planning on taking this pair further south. First potential target is 122.000 followed by 120.000
The corrective pullback on the daily chart after a strong move suggest a bullish continuation and another attempt of breaking through 1.13000. One option is to go long at minor support within this bearish channel at around 1.11400. The second option is to go long at the bottom of the channel for a more conservative play. The first target is pretty conservative...
Looking to sell if price makes it up into the minor resistance level again.
Good looking pre-breakout setup on the S&P500 this morning.
Trade idea only. Won't trade this myself due to the upcoming NFP. I also do generally do not trade on Fridays.
Tight corrective structure after strong sell off indicating the sellers are still in control and pushing against the buyers. Even though price is overextended on the higher time frame, most likely we'll see another push down before we get a bigger retracement/correction.