1.0870 the top we saw last year December 8th is going to play the role of a key level here as I look to short EUR/USD next week.We have already seen Euro form tops around 1.0784-1.08 last year , the only question here is will the history repeat itself once more.... Euro is currently moving inside the short term bullish channel but eventually it will collapse and...
waiting for a pull back to the area of breakout ( 0.38% ) or a deeper pull back to 1.2446 or 1.2422 (0.5% & 0.618%) area to get long ...stops go under 1.2398 with targets @ 1.2586 & 1.2660
looking to buy above 142.60 .... with stops under 141.90 and targets @ 143.14 & 144.02
Looking to get long around 141.16-24 with stops under 140.48 and targets @ 141.94 - 142.66
Looking for shorting opportunities with stops above 140.40 and target @139.48 &138.98
CURRENTLY SHORT UNDER T.L RESITANCE : Stops @ 141.00 & Target @ 139.30 POST BREAKOUT & LONG @ SUPPORT : Stops under 138.80 & Targets @ 140.70 & 142.20 SHORTING HIGH @ RESISTANCE : Stops Above 143.20 & Targets @ 140.75 & 139.40 Hit the thumbs up if you agree and comment below to let me know your thoughts.Have a great trading week ahead.Happy hunting !
Looking to get long on breakout with stops under 1.2408 and targets @ 1.2512 & 1.2584
Pound finally broke out of the trend line resistance , now I will be looking to get long as long as the short term T.L support remains intact.According to this setup I will be waiting for a pull back into that 0.5% or 0.618% retracement level so I will be getting long around 139.64-139.48 with stops under 139.30 area and targets @ 140.24 & 140.72.
Looking for a rebound from T.L resistance.Stops above 1.0740 and targets @ 1.0640 - 1.0620
Gold continues to decline but I believe the move is reaching conclusion and we may see a bounce off the support area around 1124-1118 , if we use the fib expansion we can see that the current leg lower has already moved past 127% and is nearing 161.8% so that's another reason to watch closely and be ready to close shorts in a few days
Watch the price action carefully around 1234 -1254 zone ( 61.8% FIB level ) ... price is likely to stall or reverse. A close above it and maybe we can look to buy further but with the levels ahead I think its important to watch the price behavior and wait for confirmation
buying above 1.72 with stops under 1.7110 and targets @ 1.7312 - 1.7402
Risky long setup but we do have reason to still be long on this.Price managed to close back above the T.L support. I am waiting for a close above 1205.8 with stops under 1198 and targets @ 1210 -1216.50
Testing out the Renko system with this setup along with the orthodox B.Bands so according to the setup I am going short with stops above 142.12 with targets down @ 140.98 - 140.80 Lets see how this goes :-D
Looking for shorts around 1.4420 - 1.4508 with stops above 1.47 and targets down @ 1.4098 - 1.3860
The price is probably coming down for another retest of the T.L support from 3rd of January , in case it fails to hold and price slides below it.I am looking to short this.My stops go above the recent highs @ 0.7316 and my targets to the downside are 0.7150 & 0.7088
Preferred setup : Long above 1.6550 , for confirmation we need a breakout and follow through with stops under 1.6418 and targets @ 1.6670 & 1.6900 Alternative setup : Short below 1.6380 with stops above 1.6470 and targets @ 1.6274 & 1.6135. Keep an eye out for how price reacts inside the structure and get out if you see a breakout !
Pound has broken out of the T.L resistance from 26th of Jan.I am looking to get long after price pulls back to retest the area it broke out of or perhaps a pull back that measures up to 38% of the current move up assuming this leg to the upside is complete.If not then price could continue higher after taking out the current high.According to the setup our stops go...