bradens

bradens

LEG 1: Determine if the pair will hit support and continue bearish or make its way past the resistance trend lines and its way to 68.2 (SELL) @ 1124.62 (BUY) @ 1230.54 LEG 2: Determine if the pair will continue bearish or bullish. if(LEG1 == "(SELL)") { Monitor the trend to see if it continues to the 23.6 fibb. } else if (LEG1 == "(BUY)") { Monitor the...

bradens

As the pair inches closer to break the trend, a relatively small short position could be quite profitable. Previous months show this pattern and will likely be in this case. A SHORT position with an entry @ 0.7702, S/L @ 0.7746, T/P @ .7620

bradens

EURUSD, to either BUY or SELL once we hit the .382 fibb.

bradens Updated 

If the current trend continues, we will see a breakout of 0.0 on the Fibonacci. The trend lines indicating support and resistance breakout points will also determine a longer term trend. In the past few hours resulting from the FED interest rate hike, we saw bears overpowering bulls in the overbought dollar. This may continue through the BOJ interest rate decision...

bradens

On Mar 13 22:00, the price bounces off of the 50 period MA. Now, we see the price has moved above the 50 period MA and is about to test the daily Pivot Point where a clear s/t bullish trend may begin. The trend lines indicate the price will either bounce or surpass into bull territory in its way to 115.13(R1) and 115.52(R2). In less than 24 hours, we have an...

bradens

UJ Testing 23.6 on the Fibonacci which will likely end up with a cheaper dollar.