Price broke out and gave a thrust bar. Price has come down and a retest of the breakout area at 1.1197 has held. Price should give a move up with a good risk-reward trade setup. Enter long at current price of 1.1204 with a SL at 1.18. We have a consolidation followed by a break. Should be positive.
After a brief consilidation, we saw a thrust bar, the high of the bar is 1.2200, after a small retracement a move above 1.2200 will offer a buying opportunity. The SL for the move can be placed at 1.1800 just below the thrust bar and the first target is 1.2600 and the second target is 1.2800.
Long on EUR USD as price is taking support at 1.11 levels. Will wait for prices to move above 1.12100 levels before initiating the long. I am very bullish on EUR/USD as the ascending triangle at the bottom indicates a likely bottom. This is a preemptive trade to enter at the lows.
We are seeing a nice symmetrical triangle form after the initial drop from resistance levels. The top is almost a double top formation. The daily moving averages have turned down nicely.
As the prices moved down and have formed the triangle, likely breakout is expected to be on the downside. Triangle is a ...
This currency pair is in a trading range. It looks ready to return into a trading range again. A double top is in place on the 60 min charts, the sequence of higher highs and higher lows looks in danger with prices going below the support of 1.5400. EMA's are also turning down, waiting for a retrace to 1.5420 ...
This pair has given a good pull back to the 50 EMA and also has taken support at the uptrend line. From a risk reward perspective, it looks like a good buy. We will wait for the price to turn back up above 1.1324 levels before going long, SL can be placed just below the uptrend line and 50 EMA.
USDCHF broke out twice from symmetrical triangle and faked out traders. It has again broken out of the triangle and is looking like a good buy. Will buy it from a short term perspective at current levels of 0.97816 and stop will be at 0.96800
An ascending triangle formation on the hourly charts. Should give a retest of the top at 125.3 if it were to cross 124.58. SL can be at 124.2 once the breakout occurs. If ascending triangle formation is broken, we shall wait for the next signal as bullish bias in the near term will be negated.