EURUSD is in a higher time frame uptrend, so as we're in an area of demand I am waiting for price to come back down to the 1.3700 area to try a long
80.25 is my next target assuming we get a breakout of this little price box at previous resistance.
Rising trend line, quick pullback to fib level and previous heavily traded zone.
Looking for 81 as a long target, as this is the line in the sand across the last couple of decades.
To get a good risk reward I would be looking to trade from a higher level , assuming the price retraces the daily candle.
Still think this is where the SNB want to get the EURCHF too.
Levels I'll be watching PA at
EURUSD , little pop from FOMC needed for this to work. Was slow out of the gates after the range bar but things are looking bullish still
doing the long thing
News came out worse than expected by 0.1% We've been in a range for so long this is a good excuse for the shorters to come in and test the lower trend lines
GBPUSD broke out of the major resistance yesterday and then quickly returned to the 1.6800 area, which is also a major Pivot and the 61.8 retrace of the latest upthrust. Now if news gets the price above yesterdays high, we'll be looking for 1.6900 & 1.7000
NZDUSD looks heavy and if 0.85 gives up any support then the fib targets look like the most logical place to gun for.
This corrective set of waves looks ready to break lower. Trend lines may hold for a short bounce but momentum could see this trade unwind all the way down to 88.00
If 1300 holds this week , I would be looking for longs to test higher to > 1400 The AB=CD pattern makes the most sense
Today was a good opportunity for Buyers to re-take the Monthly Trend Line. However, everything dried up and Sellers are now seemingly able to either stop the Buyers i their tracks or hold the market before the next news event.
Massive Weekly rise, could totally blow this out of the water come Monday. However, a H4 inverted hammer or shooting star is always a good trade.
EURUSD has pulled back to recent highs. It makes sense to short at resistance , hence this short trade from here.