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SImilar to GBPAUD, EURAUD downside is looking very lucrative with price seemingly rejecting resistance level on Daily chart.
Price has come to a key level for a potential move to the downside.
Price is at channel top, a short here @ 84.45 with stoploss @ 84.70, and targets of 83.80 and 83.20 is a very good risk to reward trade. Furthermore, price is also at strong horizontal resistance level where we can see rejection a couple of times before.
Price is currently at resistance area as well as middle line of parallel channel. I expect a pullback to 3.15-3.165 before another run to previous swing high at 3.23 and also a rally to 3.50 possibly to come.
Oil broke ascending trendline. 65.50-65.80 was a good entry point. Possible targets as shown.
Price is at support area, a fantastic risk to reward ratio for a long here
A very nice example of how well parallel channels work. Price broke above of short term downtrend channel and retested it on Thursday and Friday and successfully bounced off it. 1.08 was a strong level not just as trendline support but also as horizontal support and 38.2 fib level as seen.
Do also be aware that we could see some resistance and indecision in the ...
EURUSD, like GBPUSD, bounced off from support area too after a sharp and sudden drop. We have a bullish engulfing candle on the Daily chart on Wednesday 30 May 2018. We might see more upside this coming week with 1.1855 (coincides with 38.2 fib level) a possibility. What we need here is a break of descending trendline to confirm more upside move short term.
GBPUSD looks to have bounce off support area at 1.3200-1.3220. I'll be watching this pair and look to go long on lower timeframe should there be an opportunity.
Broken trendline and support, price has retested it too.
DXY is still hovering around resistance area here however the previous day candle was a strongly bullish one. My bias is still the same, I'll continue to buy USD on dips especially given how bullish DXY is looking. Although RSI is showing overbought levels, it could stay there for as long as this bullish run continues. A pullback to 94 area would be the first good ...
No clear direction for USDJPY yet as of now I would say. A key momentum candle here would be needed to give us a clearer direction of where price is headed.
Rejected 200 EMA and bounced off trendline 3 times as seen. This provided a good reason for buyers to come in at 109-109.20 level, and since then price has went up to as high as 109.75 which then got rejected ...
Almost a 200 pip opportunity if you had entered on the retest of broken neckline.
Similar to CADJPY, CADCHF offers a good RR ratio for a short trade at 0.78 when it did a deep retest of broken trendline
A good RR ratio trade for a short here
Price broke below trendline and have retested it on H1. A very good short opportunity. Price is below MAs too.
Trade the true breakout... Everyone loves a cheap price to buy Gold at but do not FOMO on the long/short train on Gold
Similar to EURUSD, double bottom. Neckline broken and retested. Target @ 1296.