I'd be looking for the short from 110.500. But in the meantime there's a possible long play off 38.2. Fib play nicely too.
High probability trade. Watch out for a spike. If there's a spike, either wait for it to come back into channel OR risk it and enter on the upthrust.
Waiting for price to push up and hit the upper resistance of the channel. Coincides with -0.27. Still needs some time... 1300pip target.
Price duplication back up to the channel. If this goes long from here, it'll be 2000 pips.
Trade idea: Short it every time it touches the top of the descending channel (Marked out with a red Question Mark) Similar thing happened last time. Every pink arrow shows a short opportunity. Each time it dropped, it was 160pips plus! We could be having a similar move again this time. Green Arrow shows high value area to go long. Again, NOT TO BE MISSED!
DXY approaching major channel resistance and may bounce. Will be looking for DXY to reverse and will be looking to short EURUSD.
Watch Price action at the 786 level and then short
Posting to keep an eye on my analysis. NZDCAD approaching key support area. Will be looking for reversal signs on smaller timeframes
Posting to keep an eye on my analysis. The move up isn’t convincing. Will be looking for another drop, possibly a double bottom and then looking for an impulse up for the long term reversal.
Watching price action at the bottom of the structure.
Waiting for the bear flag to complete and drop. Will be looking to buy around the 50 - 51 area.
If you draw a fibbonaci from 0 to A, the -0.27 lines up with where wave C will start. Coincidence? On lower timeframe, it'll be clear when to short. A nice little pattern is forming and on the break of that - short! Targeting 1700 pips. Goodluck!
Short it to 50% retracement and then await price action to bounce off form there
DXY could potentially reverse very soon which will give GBPUSD a significant drop. Also, if Brexit deals get delayed - GBP will drop. Will watch how price reacts to the top of the channel and then short based on price action. Everything is pointing towards GBP weakness...
Tonnes of confluence on the weekly chart for Gold to bounce off at 1358 as shown in the chart. 1. SMA support 2. 50% fib support 3. Descending Channel Support 4. Ascending trendline Support Until then, I will be shorting it any opportunity I get! Will play the ranges in the descending channel. Goodluck!
Watch price action around the 50% fib level. Confluences: 1) 50% fib 2) Channel Support 3) MACD Divergence Short term trade. Targeting 100 pips.
Price currently at an area of interest. Within a descending channel. Will wait for one more drop or a break of descending channel and enter on correction. Targeting 2000 pips.
Price currently creating a bear flag. Looking for one more drop to 124.75 region before looking for price action to go for a longer term buy.