Zedro

Zedro Updated 

I'm not going to overcomplicate this one. It looks pretty easy. Huge daily bearish divergence with a head and shoulders pattern. Targeting the previous support line: Entry: 1.19 Stop Loss: 1.20540 above the right shoulder Take Profit: 1.17140 at or near previous support Keep it simple. Good luck and thanks for looking.

Zedro Updated 

This is a bit of a counter trend trade, but I've had a number of signals indicate EURCHF is due for a correction. My risk/reward if fairly large here. I'm predicting only a ~100 pip short target, but in my opinion, this is a fairly conservative target. I will revisit this if my take profit is hit to determine if a longer term sell is likely. Position open at...

Zedro Updated 

This is probably a long shot, but ultimately, I'm looking or the price to retest the 0.72950 level for a short position. To get there, price may jump around and potentially form a butterfly pattern. Harmonic patterns are useless to predict until at least the C leg, and we aren't even there- but hey, that's what I'm doing. I'm looking for the price to react at...

Zedro Updated 

NFP pushed NU skyward in what appeared to be a stop loss grab. This pair has been on a steady rise for some time, but it appears that a medium-term correction is in the works. I'm looking at multiple timeframes and will post additional charts below. Looking at the daily, we are up against a descending trendline and a double-top. The RSI is signaling overbought....

Zedro Updated 

This is risky, considering the strong wave of USD weakness, but my risk to reward ratio is very favorable. This trade has already been triggered at the entry level and is active. I'm basing my trade on technical, but also on a past support zone and the psychological level of 1.12. To the left of the chart, you’ll notice some vertical blue lines, which identify...

Zedro Updated 

Now, I know I'm the only one with this one on their radar. It's almost a no-brainer, which is slight suspicious... Tin-foil hat off- the RSI is overbought on a few timeframes and MACD has crossed over. The price has been ranging within a descending channel and the price is up toward the upper trendline of this channel. We are also sitting near the 0.618 fib of the...

Zedro Updated 

Yes! Or at least I think so. Indicators (RSI, MACD) are signaling a correction and we're up against a couple of trendlines (see wider view in chart below). This trade may not be for everybody with its one to one risk/reward ratio, but I'm confident in this position and would be happy to average my position here and there up to the second trendline. I've based my...

Zedro Updated 

I've opened a short term sell position on EURAUD. The four-hour candle formation is bearish, MACD near ready to cross, and RSI overbought. Open 1.42565 SL 1.43030 TP 1.41740 Take profit is located at the 0.382 fib and are or previous resistance (now support). Sl is located above previous high. Good luck!

Zedro Updated 

I'm expecting a short-term correction on USD, which may pull AU back to areas of previous support. AU has been ranging within an ascending wedge for quite some time, so I'm targeting the bottom of this wedge as a tp. The target sell zone is between 0.7550 and 0.7590. These are my entry, sl, and tp targets: Entry Sell: 0.75900 Stop Loss: 0.77550 Take Profit:...

Zedro Updated 

Last week, I had published a buy prediction that hadn't panned out due to too tight of a SL. I'm still considering EURUSD a great long opportunity due to the 4H RSI divergence, MACD crossover, and 0.618 fib support. This descending channel has held up pretty well over the past few days, but a breakout of that would strongly favor my position. Personally, I see a...

Zedro Updated 

Entry - Already in at 1.06815 TP - 1.07490 SL 1.06430 Looking for a retracement from this week's Article 50 fall. The price has stalled at the 1.618 fib extension from the most recent price climb, RSI is oversold, and MACD is near a crossover on 4h. Target probably won't be reached until next week if it is hit, but this appears to be a good entry point for a...

Zedro Updated 

A short term short opportunity on USDCAD, to steal a few pips. After a sharp drop, price action ranged within a couple of bearish ascending channels. The risk reward is favorable, though not ideal: Entry- 1.33835 TP- 1.33215 SL- 1.34135 I expect a break below this channel, then a retest before landing on a support line of the most recent low. My personal opinion...

Zedro Updated 

I'm mostly on wait-and-see-mode with this trade, but there's opportunity for large, longterm profits in EU. I'm looking at this inverse head and shoulders pattern/symmetrical triangle. Here are two scenarios I'll be tracking if/when the price hits the 1.07940 area: 1) Inverse head and shoulders neckline is broken. In this case, we are in for a longterm uptrend...

Zedro Updated 

This idea is dependent on a retrace from from the initial spike off the Fed rate hike announcement. This was a strong move up and the price could very well hit my target before my entry position is hit, making this invalid. -Entry - 1.06900 -Stop Loss - 1.06650 -Take Profit - 1.07830 It may be beneficial to view a chart at a larger timeframe to understand the...

Zedro Updated 

EU following ECB statements and NFP to an ascending trendline (forming a symmetrical triangle). This broke the neckline of an inverse head and shoulders pattern. Overbought as well. I'd expect a retrace from this trendline to the neckline, but the reverse could drop as low as the bottom of the symmetrical triangle. Stop-loss at 1.07300 IMO. My take-profit at 1.06175.