MUST HIT 1516 BEFORE REACHING NEW HIGH
EURUSD IMPULSE SEEMS TO HAVE ENDED SO MUST START CORRECTION PHASE TO SUPPLY AREA AT 1.1070 THEN IMPULSE WAVE IT UP TO THE DEMAND AREA AT 1.1300
PRICE BOUNCED FROM SUPPLY AREA. WILL HIT DEMAND AREA
USDCHF 3-3-5 Correction ABC wave. Goodluck traders
With the short bias on higher time frame. I can draw confirmation for short and targets the SL should be above the recent high. or above the resistance for about 15-30 pips
With the short bias on higher time frame. I can draw confirmation for short and targets the SL should be above the recent high. or above the resistance for about 15-30 pips high.
Price has been rejected from 1.1750 area since July. and now its consolidating. The big movements are bound to happen to the short side. Target 1 - 1.1540 Extended target - 1.1300
On a Weekly timeframe. EurUsd formed a triangle (2 triangles). I see eurusd on its way to form a Heads and Shoulders pattern. (bullish until 1.1925 hits) On a Daily timeframe. The pair has breached descending trendline. currently waiting for it to retest back and shoot again. I see confluence on 50% retracement level aligning with the weekly resistance area.(same...
On a Weekly timeframe. This pair is forming downtrend. Lower Lows and Lower Highs have been established. and im currently waiting for AUDUSD to form Lower High around the Weekly resistance area of 0.7600. Previously it had broken Uptrend that sustained for 2 years. So I expect this downtrend move to last from 6 month to 16 month (depending on the fundamental and...
Now the pair is range it will go into trending sometime soon, if price is below 1.3160 im bearish on this pair. if above 1.3160 im bullish. doing scalp trades on the highs and lows on smaller timeframes. Going long for 50 pips if it breaks 1.3300 Going short for 50 pips if it breaks 1.3050
Reversal candle on Daily time frame. As long as we don't breach 0.740 support. im bullish on this pair. I have set orders on 0.7495 for long with stops at 0.7360 and take profit at 0.790. R:R = 3 .
111.700 to 112.200 are the prices im looking for entry for short. Trendlines and psychological level and fibbonacci levels are alligning there must mean it has to be important level. The price still has power to go up as the volume is increasing 111.700 will be my initial entry. Though with high volume it can still go up to 112.200 to reverse. Thoughts on...
Selling euro-yen. for about 40 pips potential downside movement.
REVERSAL TRADE! The chart speaks for itself, Enter on Green, TP on Blue SL on red