Expect a sharp reversal as CMG breaks above $404.
Breaking above 104.41 is critical.
Don't miss this trade. Closely watching 1.8050 "glass ceiling" to be taken out. A break above this could setup for a strong reversal and price racing toward 1.9090 level.
I'd posted EURCHF will be moving toward 1.100 level. Price action still remains in consolidation after hitting 1.09 level and we likely to see this breaking out at the next retest. Once broken, 1.10 and 1.11 are very likely target.
While seeing weakness in EURUSD chart,, in contrast, I see both EURCHF and EURCAD are likely to push stronger in coming days
Severely oversold. Extremely good payback when strength starts to show, which is long delayed. 75% ROI is not an over statement.
Current price level around $96 could be the next best entry since $92 low to go long. Ride it up to $108-$109. My trades are based on Sudden Upswing Pre-Alert System™ ==> Created uniquely by SureFire Trader ==> Uses very own Tilted Libra-Scale™ wave pattern recognition method combined with advanced algorithms to discover price breakouts.
With recent pullback, it is giving a nice entry opportunity to go long. The caveat is, the next upcoming daily close should not drop below 1.0520 and if it does, then this setup becomes invalid. As long as closing price stays above 1.0520, expect a strong upward push toward 1.088 - 1.090 level.
Be cautious on your long trade. Don't rush in to buy since price is coming out from the bottom. Very likely we could see a sudden pullback and have stops taken out before MMs start their aggressive move up.
Going long Trades are derived using Sudden Upswing Pre-Alert System™ * Created uniquely by SureFire Trader * Uses powerful algorithms and very own Tilted Libra-Scale™ wave pattern recognition method to discover price breakouts.
Chart is projecting a bullish move and accumulation has begun. Short sellers will soon be unloading and pushing price higher. $62 will be the short term target and price could eventually re-test $82 within couple of months Trades are derived using Sudden Upswing Pre-Alert System * Created uniquely by SureFire Trader * Uses powerful algorithms and very own...
Initial strong buying need to appear first.
There's still a high chance the price could slide further and take out those already long. I would want to wait for 2 or 3 series of up closing bars and taking out 1.557 level first. ONLY till then - otherwise the odds are against Longs. Also see my AUDNZD analysis that shows similar structure.
See my other post on EURCHF. On GBPCHF, could see a minor pull back next week but as long as price action stays above 1.26 this will indicate for upside price breakout coming ahead.
Price has been coming down since 1.075 high and potentially looking for a strong reversal. Too risky to enter a trade now as AUDNZD could still make another bottom - UNLESS, I see the above setup of 2-3 consecutive strong closing bars and breaking above 1.057. When that happens, could see price retesting 1.075 high and possibly continue toward 1.090 level.
There would be an attempt for price action to breakout from the previous high around 1.3200 in late June. Trades are based on Sudden Upswing Pre-Alert System™ ==> Created uniquely by SureFire Trader ==> Uses very own Tilted Libra-Scale™ wave pattern recognition method combined with advanced algorithms to discover price breakouts.
Breaking out from the last bearish sentiment. Continue with your long trade against the Yen.