tannerle

tannerle

Wednesday and Thursday of last week were quite insane for this pair as price managed to imprint new yearly highs. Thursday's closure imprinted a shooting star followed by a hanging man from market closure. Clear rejection of 134.430 resistance. Next week we can see a huge pip decline to support levels. Perhaps even create a new lower low.

tannerle

Current price action is playing quite well. Last weeks movement left us bullish in the market, breaking the consolidation level of ~79. Before price goes further, I'd like to see a pullback to 79.0 forming support, then we can place longs after clear signs of bullish momentum.

tannerle

Friday's closure left price forming a hanging man candle. From this, as well as price rejection of 1.189, we can see a continuation of the downward trendline. Next week price action has potential to move to the downside support region around ~1.17220. From there, two alternate scenarios may potentially play out. (1) Pullback from 1.17220 region and retest of...

tannerle

As we reach this substantial level of 61.8 for this pair, we have two alternate opportunities available. (1) Break of 151 level & retest of ~150 support zone. or (2) Immediate retracement, 151.63 breach & ultimate retest of yearly highs. From this level, we could also see a right shoulder being formed. My personal bias is short for the time being on this pair....

tannerle Updated 

Looking to short this pair at weekly resistance (134.430). After this short, we will either see EJ make another lower leg or break this support line altogether. Current support levels at 133.49 and lower support at 133.160.

tannerle Updated 

Moving Averages suggest a downward cross in progress on EURUSD. Previous closures broke support zone turned resistance. Current downward channel in progress. We could see a pullback before shorts happen, but ultimately I expect this pair to reach support level @ 1.17220. Further, 1.1664.

tannerle Updated 

Broke 2 support levels. Riding this pair to the moon! Next 1H candlestick should bring us up very high. Stops @ 77.7 TP1 @ 78.91 TP2 @ 79.69

tannerle Updated 

Resistance line @ 1.7245 that may cause consolidation. Current target price is 1.78426.

tannerle Updated 

NZD pairs potential skyrocket after yesterdays closure. Simple Elliott wave impulse. Previously, GBPNZD followed my 3rd and 4th point exactly. Let's hope this 5th point will be met as well.