pipared1

pipared1

Price looks like it could break resistance around the 1.20127 area. Showing signs of retested support around the 1.17314 area. This could mean strong bullish movement for the remainder of this month as well as next month for the longer timeframe traders. Watch and see what price does in the next few weeks. Several high-impact news events upcoming will affect the...

pipared1

Bearish bias as I suspect the Euro to drop down for the last kiss or either re-entry into the range. A crossover of the stochastic indicator will confirm my entry and price may fall for about 430 pips. If price closes within the previous resistance zone, I will exit my trade. SL 1.12768. Disclosure: *Trading is not for everyone and losses could easily exceed...

pipared1

AUDJPY seems to be in a downtrend. I do anticipate this pair to go lower to the 84.500 range and then bounce off of the trendline to the upside as more buyers are coming in. My TP is around the 88.000 area. Also for confirmation, I do see some bullish divergence on the stochastic indicator, which signals a strong possibility of bullish momentum. Past price action...

pipared1

Price is approaching a well respected support zone. Waiting for a bullish engulfing candle to add additional confidence to the trade. Once the engulfing candle closes, entry will be triggered. Head and shoulders pattern prevalent in this trade setup. First take profit level will be right around the neckline at 17.9057. *Trading is not for everyone and losses...

pipared1

Possible formation of a descending triangle. Short term sentiment is bullish however we may see major rejection in several weeks and months to come. Retest may be in the forecast and continuation of a downtrend on the weekly. Swing traders may want to buy the USD for quick profits. On the daily timeframe my entry would be 1.27441 and my TP1 would be 1.29300. My...

pipared1

Looking for resistance to be retested and then a possible breakout to take place to the downside. Possible formation of a descending triangle which may indicate a continuation of the downtrend. Strong support is prevalent in previous price action, however anything can happen in this scenario. However, watching closely for price to retest the trendline of...

pipared1

I believe the Aussie Dollar will rise in this week due to observation of what looks like an inverted head and shoulders pattern formation, a trendline bounce and an ascending triangle. The ascending triangle rises perfectly to an area of re-tested resistance and I believe that the break of that resistance will happen soon. I am watching and awaiting for a bounce...

pipared1

Based on monthly key support levels from 2014, I will assume that these levels will be retested as resistance. Nice wick formed right around the 1.19238 level and I am watching for price to drawback from the current strong uptrend to the 1.16791 level. This level may be a target and may possibly be indicative of prior monthly resistance which could reverse into a...

pipared1

Currently in a consolidation phase. Bearish expansion is expected. Bear flag on the W1 timeframe formation of an inverted head and shoulders chart pattern on the D1 timeframe and the recommendation is a sell and take profit levels are at 1.29100 level. Expect pullback to the next resistance level of 1.3035. *Trading is not for everyone and losses could easily...

pipared1

Expecting pullback to turnaround in the 110.410 area. A bounce is probably going to happen and we have a double top formation (possible reversal) as well as a trend line that was consistently making higher lows. Strong bullish sentiment on the long term time frames. Continue to ride pullbacks on the hourly and smaller time frames. Take profit is approximately 350...

pipared1 Updated 

Falling wedge could signal a trend continuation. Target was 144.833 and stop loss was at 133.153. Risk to reward ratio for this particular trade is at 1.47. Keeping an eye out for further bullish sentiment as well as fundamental news which will directly influence volatility.

pipared1

Watching this pair using technical analysis. I have looked at the longer time frames and I believe that this pair will increase in price due to the falling wedge that was preceded by a strong uptrend. This could signal a continuation and I expect a strong breakout as well. I also see strong support around the 139.006 area. Price is now in consolidation and that is...

pipared1

Looking at the chart I can see it has bearish sentiment. I am expecting some pullback on this bearish trend around the 1.04817 area due to signs of struggle and exhaustion from previous candlesticks. It looks like a gartley pattern has formed which may be a good indication of trend reversal. Also, price is resting at the bottom of the bollinger bands which may be...