Buy above 0.7176. Stop loss at 0.7137. Take profit at 0.7240. Reason for the trading strategy (technically): Price has dropped nicely and is reaching our profit target perfectly. We prepare to turn bullish above 0.7176 support (Fibonacci retracement, horizontal overlap support) for a push up to 0.7240 resistance (Fibonacci retracement, horizontal overlap...
Buy above 1.2415. Stop loss at 1.2250. Take profit at 1.2850. Reason for the trading strategy: Price is at our buying area once again as we remain bullish above 1.2415 (Fibonacci retracement, Fibonacci projection, horizontal overlap support) to play a bounce up to 1.2850 which is our long term resistance. From there, we can expect a bearish reaction. This is...
Buy above 1.0500. Stop loss at 1.0430. Take profit at 1.0680. Reason for the trading strategy: Price dropped nicely and reached our profit target as expected. We now turn bullish above major support at 1.0500 (Fibonacci retracement, Fibonacci extension, horizontal support) for a push up to 1.6800 (Fibonacci retracement, horizontal swing high resistance). RSI...
Buy above 111.35. Stop loss at 110.35. Take profit at 113.80. Reason for the trading strategy: We remain bullish above 111.35 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to 113.80 resistance (Fibonacci retracement, horizontal swing high resistance). RSI (34) is approaching strong support at 36% and also sees...
Sell below 0.7700. Stop loss at 0.7790. Take profit at 0.7520. Reason for the trading strategy: We turn bearish below 0.7700 resistance (break of ascending support line, pullback resistance) for a push down to 0.7520 support (Fibonacci retracement, horizontal overlap support). RSI (34) has started to break its support and sees bearish divergence versus price...
Buy above 112.58. Stop loss at 112.21. Take profit at 113.75. Reason for the trading strategy (technically): Price has dropped perfectly and reached our profit target from yesterday. We turn bullish above 112.58 support (Fibonacci retracement, Fibonacci projection, horizontal overlap support) for a push up to 113.75 resistance (Fibonacci retracement, horizontal...
Buy above 1.2510. Stop loss at 1.2421. Take profit at 1.2651. Reason for the trading strategy (technically): Price has shot up and reached our profit target perfectly as expected. We now remain bullish above 1.2510 support (Fibonacci retracement, horizontal pullback support) for a further push up to 1.2651 resistance (major Fibonacci extension). RSI (34) has...
Buy above 1.0033. Stop loss at 1.0000. Take profit at 1.0090. Reason for the trading strategy (technicall y): Price is approaching major support at 1.0033 (Fibonacci retracement, Fibonacci extension, horizontal support) where we expect to see a bounce towards at least 1.0090 resistance (Fibonacci retracement, horizontal pullback resistance). RSI (34) is...
1.0604 is fibonacci retracement, fibonacci extension and horizontal pullback resistance.
Buy above 118.70. Stop loss at 117.47. Take profit at 120.66. Reason for the trading strategy (technically): Price has bounced off nicely at 118.70 support (Fibonacci retracement, horizontal support, Fibonacci extension). We look to buy above this level to play a push up to at least 120.66 (Fibonacci retracement, horizontal pullback resistance). Stochastic...
Sell below 0.7240. Stop loss at 0.7285. Take profit at 0.7176. Reason for the trading strategy (technically): Price shot up and reached our profit target perfectly from yesterday. We now turn bearish below 0.7240 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a drop to 0.7176 support (Fibonacci retracement, horizontal...
Sell below 1.2481. Stop loss at 1.2527. Take profit at 1.2390. Reason for the trading strategy (technically): We remain bearish below 1.2481 resistance (Fibonacci retracement, horizontal overlap resistance, descending resistance) for a push down to 1.2390 support (Fibonacci extension, horizontal support). RSI (34) remains below long term descending resistance.
Buy above 119.64. Stop loss at 119.16. Take profit at 120.66. Reason for the trading strategy (technically): We remain bullish above 119.64 support (Fibonacci retracement, Fibonacci extension, horizontal support). Target would be 120.66 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is seeing strong support above the 6.4%...
Sell below 114.03. Stop loss at 114.43. Take profit at 113.05. Reason for the trading strategy (technically): Price has bounced up and reached our profit target perfectly. We prepare to turn bearish below 114.03 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to 113.05 support (Fibonacci retracement, horizontal...
Nice ABCD projection and swing high resistance being tested. Hopefully we can see a drop from here. We keep our stop loss small as if it breaks 1.0125 stop loss then well, all is loss :P
Sell below 87.48. Stop loss at 87.80. Take profit at 86.39. Reason for the trading strategy (technically): Price bounced up perfectly and reached our profit target as expected. We now prepare to turn bearish below 87.48 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to 86.39 support (Fibonacci extension,...
Buy above 0.7119. Stop loss at 0.7044. Take profit at 0.7242. Reason for the trading strategy (technically): Price is approaching major support at 0.7119 (Fibonacci retracement, Fibonacci extension, horizontal support) where we expect a bounce up to at least 0.7242 (Fibonacci retracement, horizontal swing high resistance). Stochastic (21,5,3) is seeing strong...
Buy above 0.7655. Stop loss at 0.7603. Take profit at 0.7780. Reason for the trading strategy (technically): We remain bullish above long term support as 0.7655 (Fibonacci retracement, long term ascending support) for a push up to 0.7780 resistance (long term resistance). We watch RSI closely to ensure we are not being faked out by a bearish exit. RSI (34) is...