Long EURAUD from current market price, or wait patiently for a pullback to 50% retracement level at 1.54673 or possibly slightly lower. Target for Long is 162691
Oils Year longTrendline already breached last week......... I see a retest, break and hold below ahead
GBPCHF broke through and held below trend line that began almost a year ago. PA at TP1 will be interesting and helpful in determining the strength of bears if it bounces off, or slices through the 1.47034 level. Either way, the overall picture points clearly to the downside with any upside PA providing opportunistic short entries. The 50% retracement level at...
A MAJOR 12+ year old trendline lies below a diagonal trendline that began on 12th Jan 2015. Both are likely to be tested in the coming days and weeks. This trade makes for an ideal short and hold over the holidays. I will also be observing CADCHF Price action on lower time frames, to identify high probability downside trades, and looking out for a pullback off the...
NZDJPY : Looking for nice break of trendline ;0) short at Market
Near Perfect Bearish Pennant On EURUSD Suggests a target of 1.07491
Time to Re-short NZDUSD from current level Or wait for pullback to 0.65186
GBPUSD is Decidedly Bearish, Short GBPUSD at market or wait for a mild retracement TP1 at 1.51448 TP2 at 1.51168
UJ bounced neatly off the 0.618 Fib and looks set to breach 200Ma. If price can break and hold above the 200Mathe next tests will be at the upper trendline / 50% retracement level a breakthrough these levels should see further buying to perhaps retest the highs seen on the 9th November around 123.528
Bearish Pennant suggests a TP 1 level at 0.71026.The 'curvaceous and nicely rounded', nearby '100' handle is likely to prove to be irresistible to price.
Bearish Pennant suggests a TP 1 level at 0.71026.The 'curvaceous and nicely rounded', nearby '100' handle is likely to prove to be irresistible to price
GOLD Likely to see a continuation of what should be a very mild retracement, before falling to a TP 1 of around 1159.62/1160.00 and possibly lower. These are Just "2 triangles on a chart", lets not get too over-emotional about them ;0)
USDJPY Rejected Keenly at 50% Retracement Level Retest of 0.618 support likely before upside resumption to retest the 50% level once again
Successful Completion of this pattern on a break of the neckline, would take price neatly down to 0.236 fib at 1.11962 However 0.618 is often a strong retracement level for The EURUSD
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USDCAD : 2 Triangles on a chart chart, says short down to 1.26473