Price is starting to rise from a major resistance area with a bit of a inverse head and shoulders pattern. The dxy is starting to rise on the charts as well. Bulls have shown up to the party and there is plenty of room for price to rise. Here is the play I will be taking on this pair: Entry: 139.657 Stop Loss: 138.357 Take Profit: 141.478
The Euro has great market structure on the Monthly timeframe showing price is rejecting a major resistance area. On the lower timeframe price has created a double top with bearish momentum as the dxy is starting to rise again. Here is the play I will be taking on this pair: Entry = 1.03352 Stop Loss = 1.03978 Take Profit = 0.09500
Price has formed a rising wedge at a major resistance level and has just broken below the support trendline of the wedge pattern. Here is the play I am taking: Entry = 0.58607 SL = 0.59018 41 PIPS TP = 0.57200 140 PIPS+
Price is falling from a major resistance zone and has also created a perfect lower high from that zone. Here is the trade I will be taking on this pair. Entry - 0.66980 SL - 0.67484 49 PIPS TP - 0.63517 347 PIPS
Price consolidated at a major resistance area and has since fell making a lower high. Bearish pressure has shown up since the lower high was created. I will be looking to take this pair short to the next support level. Entry - 1.17670 SL - 1.18444 77 PIPS, TP - 1.13891 377 PIPS
Price is oversold on rsi and has created a double top.. The dollar has a falling wedge pattern at a major support level. which is a bullish reversal pattern. I will be looking for the dollar to gain strength and push the eur/usd down. Here is the play I will be taking... Entry - 1.03864 SL - 1.04478 61 PIPS TP - 1.01676 218 PIPS
Price has been falling on this pair for some time but now it is coming up from a oversold state on the rsi with divergence. Price also created a double bottom at a major support level/key area. I expect price to rise to the next resistance level. Here is the play i will be taking on this pair: Entry - 1.33066 SL - 1.32596 47 PIPS TP - 1.35383 231 PIPS
Price has created a major rising channel and has now broken below the support trendline of the channel. This pair now has the potential to make a major drop to the new support level.
Taking the pound dollar short as there has been a double top created.
Price in a uptrend. Perfect break and retest of resistance hold as new support. Morning start candle stick pattern formed. I expect price to hit the next resistance level for about 50-100 pips
Price is falling from a major resistance area. I expect price to fall to the next level of support. AUD/USD MARKET SELL NOW, 0.63894 0.64144 = 25 PIPS 0.62777 = 111 PIPS
The dollar is currently in a downtrend and has formed a double top on the lower time frames, The Usd/cad has also created a double top on the lower timeframe. I expect the dollar to continue falling throughout the rest of the day. here is the play I will be takin: Entry: 1.37488 SL: 1.37842 TP: 1.36589
Price has broken above a major resistance level and is continuing to make HH's and HL's. Here is the play I will be taking on this trade: Entry - 145.747 stop loss - 145.497 25 PIPS take profit - 146.747 100 PIPS+
Price has broken the support area of a rising wedge pattern. The dxy is strong and this pair is already in a downtrend. I will be shorting this pair aiming to take profits at the next level of support.
Price has broken the resistance area of a rising wedge and has just pulled back to retest it as new support. I will be taking this pair long in expectations of a continuation to the upside. Entry = 0.98757 stop loss = 0.98507 25 pips take profit = 0.99940 118 pips
Price has broken the support area of a long term rising wedge. Since the breakout it has retested the highs of the wedge making a double top pattern on the higher timeframes and currently making lower lows and lower highs. The dxy is also showing weakness. I expect this pair to fall through the day especially if the job openings reports show lower numbers than...
I will be taking this pair short as price has broken a major resistance area and has retested + respected that area as support. here is the play I will be taking on this pair: entry 0.77828 stop loss - 0.78246 41 pips take profit - 0.76879 94 pips
Price has created a picture perfect break and retest on this pair along with a nice double top at a major resistance level. here is the play I will be taking on this pair: Entry - 0.98368 Stop loss - 0.98618 25 pips Take profit - 0.975220 84 pips