Reasons for entering long..
2nd TL touch on the daily
Higher highs and higher lows on the daily
Struggling to break support at around 1.0830 area
Stops at 1.0811
Swing trade with TP1 at 1.1150
TP2 at 1.1400
TP3 at 1.1700
After a big bullish candle on Wednesday, price has taken a breather which I suspect is going to result in another big bullish move this week. Price could move down into major support at 1.5350 which is also a 0.382 level. If price hits this area, a big bullish move could be on the cards.
After a fake breakout, price has been driven back down with Thursdays bearish candle resulting in the weekly close becoming a bearish pin bar. I see a continuation of this bearish move throughout next week with price hitting the 1.1000 psychological area + support.
Price has touched major weekly support and has bounced off it with a daily pin bar. However it is still very early into the candle so anything could happen. I do favor a long to resistance at 2.3000 with stops just below today's low/
Daily TL area has been touched after a big bullish rally on this pair.
Looking at the 4hr the last few candles have been exhaustion candles signalling a possible short as price retraces.
Stops will be a few pips above the TL
EURUSD currently on its way to the 1.1400 target.
I expect there to be a retracement in the coming days as the pair has been very bullish for the past week.
May be looking at further targets, but will stick to the initial 1.1400 price for now
After a bullish run recently on the daily, we could possibly see a continuation of this run. This could be triggered by the AUD news at 2.30 am GMT. Lets wait and see...
Potential 1st target 0.7560 for a retest of major resistance
Doji on the 4hr at support showing indecision and possible reversal. Also could be a potential double bottom.
1st target 0.6740 with SL just below the support area.
Always do your own analysis before following anyone else's !!!!
Potential continuation of the bullish run in the morning either during the 6am 4 hour session or 10am. Structure has started to form (bullish run, retrace, now waiting for another bullish run)
1st target is 1.5690
Lots of potential for price to eventually go beyond this. Will analyse further once initial target ...
Gold is currently consolidating as buyers and sellers fight for dominance in the market. There could be a possible retest of the weekly resistance that was once support at around 1140, or price will continue to drop after a break of support at around 1080.
Let the market take its course and wait until an ...
We have now seen price touch the yellow TL 4 times, just above major daily support at 1.0800.
We now expect to see price rise and break through minor resistance at around 1.0920. Price may have initial difficulty breaking through the next resistance area at 1.1020 but it should not pose a significant problem. ...
Bullish head and shoulders forming (just waiting for the right shoulder to fully form at this point)
Bounce off support at 1.0800
3rd TL touch also at 1.0800
Still closing above support at 1.0920
Daily inside bar yesterday
Stops at 1.0885
TP at 1.1400 (but could possibly break through resistance)