Price action suggesting a potential short term pull back to support at around 147.5
Potential for a short term short position, waiting for price to hit support before buying. Price seems to bounce well when it tests the 200 day moving average, particularly when accompanied by RSI which has given very few false positives in recent months. I'd like to see a...
Short opportunity off last years high .92250, EURGBP is likely to retrace towards previous support at .875, which will serve as our first profit taking opportunity, with a secondary target at .84
Trade idea is confirmed by a greater than 70 reading on the RSI, an overbought signal.
Entry at: > .91
Best of luck
Opportunity to short gold XAUUSD off 1290 resistance confirmed by triple top. Stop loss will be placed just above the most recent high at 1292.
Entry: between 1280 and 1290
TP: 1256 (initial support) followed by 1220
If my original technical analysis was correct, we can now assume that GBPUSD is going to range between support at 1.3 and resistance at 1.33. Entry point is therefore at or below 1.3, with a take profit towards the top of the range at the monthly high which 1.326. I will use a fairly tight stop, considering that the previous move above 1.3 could be considered a...
EURUSD appears to be trending up, which is confirmed by a strong Average Directional Index (ADX) of above 40, with little between the current price and next serious resistance at 1.2
As with my previous trade ideas, I remain bearish the dollar, so see little reason to doubt a continuation above current levels.
As an entry point, I will wait for price to retrace...
Having broken through the previous 1.22 - 1.26 range off the back of the general election announcement, GBPUSD appears to have established a new range between support at previous resistance (1.26) and new resistance at 1.3
the 1.3 level has now been tested for a third time, with what appears to be a false break earlier this month. News tomorrow supporting the...
Since reaching a low of 124.786 in October of last year, GBPJPY appears to have ranged in a rising wedge with stable highs at around 148.00, and rising lows, most recently at 139.529
In support of the identified chart pattern, we find that RSI has consistently provided reliable buy and sell signals within this pattern, striking into (or close to) oversold...
Having taken a big backstep against the pound this week following the announcement of a snap election by the UK, I believe the Euro could take a bounce back towards the top of the range (.87), should the French elect centrist Macron, most likely in a second round on May 7th.
Tight stops below most recent lows of .83, likely big volume coming in the next few weeks.
Having pushed lower last week, it looks like the index may be heading lower for the time being, i intend on waiting for price to test the lower long term channel, placing limit orders at and below the fib .236 line, and waiting for high volume. Uncertainty surrounding the trump rally abound, there may be opportunities to buy cheap in the coming weeks, lets just...
EURGBP at the end of the week sitting at the bottom of a well tested range. For the next 10 days, markets are likely to be preoccupied with Euro uncertainty regarding the French elections, and so are unlikely to see a significant BreakOut until after the 23rd, and potentially the 7th of May.
I plan on buying at around .8445, with a first profit take at the top of...
Long on S&P based on pennant formation, repeatedly tested support at 233 (.236 fib), and high volume displayed at fake below support suggesting demand below 233.
Intention is Long entry at retests of 233.5, with SL at 231.5 and TP at 240.
Uncertainty surrounding Trump rally could well lead to a breakdown of support, particularly in response to news and/or...