bmgforex

bmgforex Updated 

The long term bias on this pair is BEARISH. An important level of support was broken and now we expect a retest of that level and a continuation to the downside. A retrace to the 0.77500 - 0.77900 it would be an ideal SHORT opportunity, it also coincides with a 50%-61.8% Fibonacci retrace.

bmgforex Updated 

We have a SHORT setup in development on this pair. After a breakout of the bearish flag we can enter aggressively in a SHORT position and if the 148.00 level breaks and we have a retest of the level from below, we should add another position for a longer term horizon.

bmgforex Updated 

After the ECB meeting the EUR long term bias is SHORT. In this moment we expect a retrace near the 1.1700 level which is also the neckline of the Head&Shoulders pattern before entering SHORT.

bmgforex Updated 

The 114.000 level in this pair acts as a strong resistance, that's why we can enter a SHORT position with a good RR after a breakout of the channel formed.

bmgforex Updated 

A good RR trade in NZDJPY pair. The proper setup for this trade is a break out of the trend line and a consolidation zone, re-test or a bearish flag on H4 time frame. On a break to the down side of any of this structures enter short.

bmgforex Updated 

A good short setup, but is advised to be taken only after a confirmation on lower time frames (H4). We need confirmation because of the possibility of a Head & Shoulders in progress with the right shoulder projected around 0.80600.

bmgforex

Next week we will have the opportunity to enter in a good RR trade in GBPCHF pair. Wait for a break of the bearish trend channel and enter SHORT.

bmgforex Updated 

Possible Short setup in play for EURUSD with a good RR ratio.

bmgforex

A very good RR opportunity for the pair EURAUD on the down side. After a break of the trendline and a test of it from downside, we have a good SHORT setup that might turn into a longer term trade.

bmgforex Updated 

A high probability of success for this SHORT setup in NZDUSD pair. The 61.8% retrace and the bearish engulfing on H4 time frame suggest another move down for this pair.

bmgforex Updated 

Good SHORT opportunity for AUDNZD with a confluence of horizontal and trend line resistance.

bmgforex

EURUSD