Bullish inside bar showed up on EURUSD 4H chart that calls for a possible reversal UP to FIBO retracement levels of 1.1340 / 1.1370 as ideal targets. Stop loss is set 10 pips below frday's low around 1.1270
GBPJPY H4 chart shows a bearish tweezer top price action pattern. The RSI supports the bearish idea with closing back below 50.
S/L is placed just above previous candle's high. Target is daily pivot line around 163.60.
Price has successfuly broken up its short term downmoving trendline. After this I expect the price will retrace somewhat to 1.0820/30, then it's moving to the upside until 1.0890/1.0900. Alternatively it can move directly to the up without any retracement (but I doubt). Any hourly closing price back below the drawn ...
A "rising three method" pattern identified on 15 minute EURUSD chart. The pattern appeared in a strong upmove, so it suggests further move up.
Although this is a rare pattern and bullish continuation is expected We should not expect too much move after, but with a small risk I take a chance. After 20 pips move I ...
EURUSD H4 chart delivers a good entry for short positions. RSI (13) twice crossed below (from above) the 70ies and along with the candle patterns it composes a negative divergence. Price almost reached weekly (pivot) R1 line that proves to be another barrier in front of the price. I think all of these elements ...
EURUSD is still climbing higher (visible on H1 & H4 TF-s) and a good entry point showed up on shorter period 15 minutes. Idea is supported by a bullish ABCD pattern. Possible entry points are FIBO retracement levels.
GOOD LUCK !
EURUSD H4 chart offers great short entry at current levels around 1.1360/70. Price reached its channel resistance, RSI (21) is well above 70, both suggest a remarkable correction is about to come. I think the rate could fall back at least to the green marked support level at 1.1210/20 area.
On EURUSD 60 min chart a possible bearish shark pattern started forming. If my view is right the price can emerge up to 1.1170/90 area before a remarkable selling pressure resumes in Euro's market and price would fall much beyond 1.1100 but would not exclude deeper fall to 1.1000/1.0950.
Cable looks to be in good shape enough to make another run to higher levels. FIBO suggests to make a deal as follows, similar to yesterday's Eurodollar setup
BUY LIMIT @ 1.5550
TP1 1.5597 - after hit, rest of position's stop loss then move to entry price
TP2 1.5670 - I know this one may not be reached ...
EURUSD keeps declining driven by its short term resistance line (drawn red on chart).
In view of this I establish a short entry setup right at the 50% FIBO retracement of 29/7 (1.10784) and yesterday's low of 1.0882.
The idea is well backed up by the fact that price is well below the 100 hour simple moving ...
Hello everyone ! Seems aussie is moving in a downward channel since mid May. I expect the price catches its bottom of this channel around 29-30 July, from where I expect a violent rebound up to the marked 38.2 % FIBO retracement (0.7740) of 1-July high and projected 29-July low.
So here is the anticipated ...
Hard to find out which way next from this level. I think the price could move as drawn by the three white arrows, but would not rule out a deeper correction back to right the channel support, before it continues its uptrend driven by the ascending channel.