Three scenarios which can be traded depending on GBP/NZD structure.If it stays intact price will continue to trade back and forth in the range if not , then trade the breakouts. Be very careful though 1. CONTINUATION OF CONSOLIDATION 2. BULLISH BREAKOUT 3. BEARISH BREAKOUT
Looking to go long if price clears the T.L resistance and closes above 127.80's , at the moment price seems to be attempting to force its way out of the T.L resistance but no point in entering early on as price failed twice before around that 127.60 mark MIN 30 OUTLOOK :
Looking to go short on T.L support breakout , The pair will likely fall and retest the levels of support(previously resistance) of the structure it broke out of .We could also see the pair decline after it touches the T.L resistance from March of last year.
Opened with a gap but seems like price is testing the T.L support once more.Going long with a tight stop with high reward.
Recently the pair broke out of Support T.L from May 30th but it still seems to be holding onto the 0.72 floor.Right now we're focusing on the short term scenarios for the pair so we are going to closely keep an eye on the recently broken T.L support and see if price comes off it treating it as support turned resistance or not.Another thing to watch out here would...
We have seen Aussie Dollar attempting to breakout of the Resistance from 2013 several time in the past few months , in August it made 4 attempts and failed , in September it made 2 more attempts out of which it managed to close higher one time but broke back inside the very next day.Last week the pair bounced off the the 20 SMA and ended up posting a pin bar on...
Eur/Usd hasn't been moving much lately.It has been stuck between 1.13-1.11 , Once it breaks and closes past T.L resistance from August 18th . I plan on going long with targets all the way up into the 1.1344-1.1424 with stops just under 1.1194-1.1188 area DAILY OUTLOOK CHARTS : ====================== 1 . 2 .
G/J has broken out of T.L resistance from 14 th of September.Price is pretty close to the demand zone.Trading inside a Descending Triangle. Price likely to continue trading inside the Triangle once it closes above the T.L resistance and confirms the breakout.Entry is slightly aggressive , still a 1:2 R/R trade....
Look for opportunities to short under the T.L resistance.If we see a bull breakout we could a pull back up to 1.3240, For now price remains under the resistance with chances are we may see further moves to the downside
Get ready to short E/U on breakout from consolidation or on retest of Channel Resistance .First target will be the 1.1188-78 area ( T.L support from July 27th ) once that clears out look for a move all the way down to 1.1058-44.Stops should be placed at or above the previous highs of September 8th @1.1328
The Dollar crosses haven't been very decisive in terms of trend recently.Though still inside the medium term bullish channel.We see the pair constantly carve tops on the roof of this channel and has held steadily above the T.L support from May 30th.With the interest rate decision for the USD just hours away the pair might continue to remain sideways and coil in a...
AUD/NZD has broken out of the near term bearish channel and has retested the area it broke out of as well as the resistance turned support area , the pair has also broken out of the neck line so I believe it is ready to move higher.We will see it stall around next resistance @ 1.0394 and 1.0434
now this trade may not look great from R/R standpoint and more because its aggressive to enter on breakout instead of the pullback but I feel it's still worth a shot after all I still have reasons to look for shorting opportunities since the Bullish channel is no longer intact but the bearish channel is and the previous high is also intact, just need the price to...
Crude oil finally broke out of the T.L support from 15th of March which should now take it lower further for a deeper pull back.... My guess is we wont find any support as early as 39.6- 39.8 around that 0.382% retracement level
Aussie broke past the T.L support from 1st of March 2016 , found some support around the 0.7474 area and looks to be headed higher to complete retracement before falling further.Look to add shorts around the 50% and 61.8% retracement areas and look for targets near 0.7464 - 0.7398 and 0.7330
GOLD broke below the T.L support from 27th July .... Shorting Gold.Look to add more shorts on minor pull backs SHORT TARGETS : 1336 - 1328
Looking to go long after neckline invalidates , Stops can be placed under the right shoulder the previous higher low or below the head..... first target around 1.3178 - 1.3188 ....Breach above 1.32 with a close would open gates to further gains.If it happens I am guessing we may see 1.3266 , maybe even 1.3304 before continuing lower with the bigger trend