fxmentor101

fxmentor101

There is strong divergence on the hourly chart which indicates that the downtrend might be be taking a break. A break above 128.90 would confirm a temporary end to the down trend and we could look to enter a long position on a pullback

fxmentor101

The correction seen on the daily chart has hit the 78% level of the swing low 0.7615 to swing high 0.7890. Now I expect this level to hold as support and price should begin to rally. Bare in mind we could see a retest of the support level . Buy CADCHF -0.85% @ 0.7688 S/L @ 0.7650 T/P @ 0.7790 POTENTIAL 102 + PIP PRICE MOVEMENT

fxmentor101

Price created the right side of the head & shoulder pattern as discussed previously, and has rallied to break the neckline. Now we are getting a retest of the neck line, where I entered long Buy Order @ 1.1791 S/L @ 1.1751 T/P 1.1869

fxmentor101

The EJ has been holding at support levels since March, with bullish momentum being seen on the daily chart by the MACD I am expecting another retest back to D, which is 78% retracement of X A price swing. If price hits these levels I will be looking to go long Buy Limit Order @ 129.80 S/L @ 129.40 T/P @ 131

fxmentor101

The EU has been dominated by the bears since its last tested high at 1.2413. With such a drastic fall, I am expecting a retracement back to the 1.200 psychological levels. With the formation of a pinbar on the daily chart I am expecting a pullback which would create the right side of a head & shoulder pattern where I would look to enter a long position. Buy...

fxmentor101

Price has been consolidating within a 115 pip range. Now generally the longer the area of consolidation the greater the breakout. Looking for a break above resistance at which point I will wait for a retest of broken level to go long. A break below 1.3450 could trigger more selloff in the pair where we could see price hit 1.33 psychological levels.

fxmentor101

The EU has made a drastic decline over the past few weeks from a high of 1.2413 to support @ 1.1760. I am expecting this level to hold however we could see a surge downwards taking out the stops before a rally begins. I am currently long EU Entry 1.1805 S/L @ 1.1754 T/P @ 1.1968

fxmentor101

Trade recommendation on AUD/NZD This pair has hit a level of support at 1.0415 and seem to be holding. Based on the triple bottom pattern we are expecting price to contiue higher but not before a pullback would we look to get into this trade BUY LIMIT ORDER @ 1.0460 S/L @ 1.0408 T/P @ 1.0527