enkuye91

enkuye91

1:2 risk reward Stops at 1.4100 TP at 1.4330

enkuye91

Price looks like it could retrace into the previous resistance now potential support at 121.65 to then shoot up towards 124.00 I believe this pair is creating an ascending triangle, in which case we could eventually see price break through the 124.00 barrier or completely reverse creating a strong downtrend.

enkuye91

On the sidelines on this trade at the moment as price is currently consolidating between 19750s and 19950s If we see a break below 19750 we could see price freefall down to 19600 and beyond, although it is quite difficult to give any potential targets due to the nature of the previous strong rally from 17900s

enkuye91

Nice breakout retest of prev support now resistance at 1200.00 (psychological price area) Also touched 0.618 area on fib Looks to continue the current downtrend

enkuye91

With the recent volatile movements in the market (which i presume is a result of the US news on Wednesday relating to Trump) price hit my initial stop but i jumped back in at 1.3090 with stops just below 1.3030. Price has still closed within my TL and support. Risk reward shows as 1:1 as i did not have time to post the idea at the time of my actual entry. 1st...

enkuye91

Should have mentioned in my last Aussie post that we could also reach the major resistance at 0.7500 (which is also a psychological price point). Price is currently consolidating around this area. If we see a reversal here, we could potentially see a drop to around 0.7360 if price drops below the support at 0.7450. If not, we could see a further move up towards...

enkuye91

3rd TL touch at around 113.75 which also acts as resistance turned support. Target will be 116.00 with entry after confirmation of price closing above 114.00 on the 4hr (in my opinion). Stops just below 113.75

enkuye91

TL touch at around 1.0710. If prices breaches the 1.0650 resistance we could see a drop from 1.0710 to 1.0610ish (stops at 1.0750) This chart is pretty self explanatory

enkuye91

We have now touched the resistance at 0.7450 If price closes below this area we could see a continuation of the downside movement with price reaching 0.7170 and beyond. This is more likely once we break the support at around 0.7360 Stops above 0.7475 with targets at 0.7170

enkuye91

Potential long on USDCAD with another TL touch on the daily at around 1.3100. Also some support at around the same level. Stops below 1.3100 with overall target of 1.3580

enkuye91

With today's news events, price has spiked up into the 1.0600 area once again. If the daily candle closes below 1.0600 today we could then see a nice drop towards the 1.0350 support area. This could only happen if we see a break of the support (and 2hr TL) at 1.0500

enkuye91

If price bounces off the 0.786 fib (based off the massive uptrend that started midway through Nov 2016) we could see price rally up towards 118.50 with potential to break this barrier and continue its uptrend We have also seen a 3rd TL touch on 2hr TF after the news events today. 1st Targets will be 116.80 with 2nd Targets being 118.50

enkuye91

HEAD AND SHOULDERS HIT RESISTANCE CURRENTLY FREEFALLING ALSO STILL CURRENTLY WITHIN THE LONG TERM WEEKLY/MONTHLY/DAILY RANGE

enkuye91

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

enkuye91

Reasons to go long Weekly inside bar Daily 3rd trend line bounce Initial target will be 0.7350 with price possibly pushing up further to create a new daily higher high

enkuye91 Updated 

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/

enkuye91

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.

enkuye91

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.