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
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
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 ...
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.