VERY CLEAR BREAKOUT FOLLOWED BY A RETEST AND THEN BULLISH CONTINUATION. UP WE GO
After the shorts taking last week, I am looking looking for more entries with good risk to reward ratios that can then allow us to maximize on this pair. Scenario 1: Bulls gain a bit of steam and allow for a pullback all the way to the resistance marked in yellow/orange (126.153 region). Once we reach this level, I will have a sell stop placed below the bearish...
Clear break of support (1.12479) followed by a good retest.Expecting market to now head down to my region of support (1.11965) where we could either see the Euro regain some strength and push the pair back up before the major short or we can see the bears take control of the market and break the supportive region which will allow for a long term short to occur.
Clear breakout of the triangle pattern presented to us by the market. before going too heavy on shorts, I am still expecting some pullbacks to occur. Another thing I am watching out for that could lead to potential USD weakness is the fact that the GDP data which is being released on friday might be dovish and cause a slowdown for the dollar. Nothing much is...
Got a decent short in on this pair last week but i am still leaving my stoploss where it is incase of any pullbacks that may occur. Overall my bias is bearish for the pair.
AT RESISTANCE WHICH COULD LEAD TO A BOUNCE BACK TO THE TRENDLINE RESISTANCE OR WE COULD BE IN FORMATION OF AN INVERSE HEAD AND SHOULDERS.WATCH CANDLES FOR CONFIRMATION
RETEST ON THE RESISTANCE TRENDLINE WITH A SOLID BREAK ON THE SHORT TERM BULLISH TREND FROM LAST WEEK. I HAVE A VERY DOVISH OUTLOOK ON THE CPI DATA THAT WILL BE RELEASED BY THE RBA BUT BEFORE THE RELEASE WE COULD HAVE A FALSE BULLISH SERGE AS A PUMP BEFORE THE DUMP.
SHORTS ARE STILL PLAYING OT ON THIS PAIR, JUST ON THE LOOK OUT FOR POSSIBLE PULLBACKS
LOOKING FORWARD TO SEE THE NEWS RELEASE LATER ON TODAY PUSH THIS PAIR EVEN LOWER. DOVISH NEW ZEALAND DOLLAR AHEAD.
Gold has fallen back into my consolidation region after completing the right shoulder which I have been waiting for. The next form of confirmation that I am looking out for that will bring about good short opportunities for me is the bearish retest of the trendline which I have drawn in on my chart and then a close below the 1280 region.
ONCE AGAIN WE ARE AT A ZONE OF RESISTANCE WHICH HAS BEEN MEET WITH SOME MEDIUM SIZED BEARISH CANDLES. I AM EXPECTING FURTHER WEAKNESS FOR THIS PAIR IN THE WEEK AHEAD.
Great resistance bounce followed by a triangle breakout on the lower time-frame (H1) giving us a good short opportunity with good risk to reward ratios. I have placed 2 different trade setups on the chart one with a wider stop-loss and take profit which gives room for any retracements which may occur. The second setup has a tighter stop-loss and is more for those...
CLEAR BREAK BACK INTO THE CONSOLIDATION REGION ACCOMPANIED BY AN INVERSE H&S.
LOOKING AT 2 POSSIBLE SCENARIOS FOR THE WEEK AHEAD. BOTH SCENARIOS HAVE BEEN MARKED ON THE CHART! CATCH PIPS AND HAVE A PROFITABLE WEEK.
SHORT TERM BREAKOUT AND RETEST ON THE 15 EMA WHICH COULD POSSIBLY LEAD US TO OUR NEXT SUPPORT AREA MARKED WITH MY TRADE SETUP.