EURUSD 1M & 4H:
By looking at the monthly chart you can immediately notice the bearish trend-line the market is moving in. The market has been moving in this trend since 1st of June 2018.
Key horizontal levels are marked on the 4H time-frame chart for intra-day trading. Would like to see a slight pullback before the drop to 1.05700.
Fundamentals to watch out...
EURJPY has been heading in bearish trend since the 26th of March 2020, this is represented by the trend-line drawn on the chart. Last Thursday, we saw the market clearly breaking the bearish trend-line heading to the strong structural resistance level of 117.7. Now we can notice that the market is consolidating in a 90 PIP area between 116.8 - 117.7....
EURUSD 1M & 4H:
We can clearly see that the pair is moving in a bearish trend from the monthly time frame, creating lower-highs and lower-lows. There is an opportunity to catch shorts on this pair, as I don't see any technical or fundamental signs for the EUR to get stronger.
Fundamentals to watch out for:
- Spain's number of Corona Virus cases rise to 207,634...
Expecting GBPJPY to fall this week, although there might be a slight pullback to the upside first.
I highlighted all the areas where will have good entries for sells IF the key structure resistance zones hold.
Watch out for UK Manufacturing PMI and BoJ Monetary Policy Statement.
The pair has come back to test previous resistance now support on the 4H timeframe. If we see a clear rejection from this area, I will be looking to enter longs.
Furthermore, with the OIL dropping CAD is only getting weaker due to their negative coloration.
Risk ONLY: 2-3%
Good luck 😊
Euro has broken a long-standing bearish trendline, which happens to also confluence with a 50% retracement on the Fibonacci, giving us more confidence that the EURUSD pair is about to get stronger.
We are expecting this pair to skyrocket to around the 1.11-1.12 area first. If it manages to push higher, then we can start looking for 1.13-1.14.
If you want live...
USDJPY has been moving slowly in what seems to be a corrective structure after the big drop.
We are expecting this corrective movement to breakdown and IF IT DOES BREAK DOWN, then we expect the price to move lower.
Risk ONLY: 2-4% of your account. Be responsible!
If you want live updates for this trade and other trade setups join us on Telegram! (links below)
Simple and clear. Trendline broken, retest and fly?
This pair hit the 0.64400 region for the first time since 2009!
And it is showing great signs of bullish sentiment. Looking at the daily candles price action alone shows that there is many buyers that are buying the new "low".
Moreover, the "medium-term" bearish trendline is now broken, which further suggests...
There is a strong daily support zone at 1.2774. On Friday, the pair made a false break-out of this support level.
Looking to buy on the re-test of support area. Our target is 1.3 and stop loss is placed below the daily wick.
Aiming for 200 PIPs profit with a 65 PIP stop loss.
Risk ONLY: 1-2% of your acccount. Be responsible!
If you want live updates for this...
Here we can clearly see that the market has reached a very strong area of resistance. You can tell by the huge amount of rejections from that area (shown in graphs with arrows). So we can expect a strong pullback from this area. We have to be very smart on where we place our stop loss, because the market may push to the upside, activate everyone’s stop losses,...
Here we can see a very simple trade to be taken on the Short-term bearish bias. CADJPY has reached strong daily resistance area.
Possible Double top (strong resistance) with multiple rejections. Aiming to short the reversal, with the stop loss place above previous wicks as shown the graph.
On another note, a pullback to 38.2-61.8% Fib would be considered as a...
Looking at the EURUSD, obviously the overall trend is still bearish. As you can see on the daily timeframe we’ve had a long sequence of bearish candles. The main reason of the Euro dropping is due to the spread of the Corona virus in Europe. We can notice that on Friday, the market has started to consolidate between 1.781 and 1.831. It looks like it has finally...
The USDCAD is struggling to push higher, with multiple wicks forming around the 1.33 area. This is the same price that caused the USDCAD to plummet in the past.
So, if history repeats itself, we are going to see another meltdown on the USDCAD.
The "strong" bull run's Trendline is also breaking down.
Use appropriate risk management, stay responsible!