Buy above 1.2433. Stop loss at 1.2330. Take profit at 1.2563. Reason for the trading strategy (technically): We prepare to turn bullish on GBPUSD above major support at 1.2433 (Fibonacci retracement, Fibonacci projection, horizontal overlap support) for a bounce up to 1.2563 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3)...
Sell below 0.9958. Stop loss at 1.0027. Take profit at 0.9857. Reason for the trading strategy (technically): We remain bearish below 0.9958 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci projection) for another push down to 0.9857 support (Fibonacci projection, recent swing low support). Stochastic (21,5,3) has reacted off our 92%...
Sell below 1.0800. Stop loss at 1.0880. Take profit at 1.0708. Reason for the trading strategy (technically): Price has reached our profit target perfectly from previously. We remain bearish below major resistance at 1.0800 (major horizontal resistance, Fibonacci projection) for a drop to 1.0708 support (Fibonacci retracement, horizontal pullback...
Buy above 121.11. Stop loss at 120.48. Take profit at 122.00. Reason for the trading strategy (technically): We remain bullish above 121.11 support (Fibonacci projection, horizontal support, Fibonacci retracement) for a bounce up to at least 122.00 resistance (Fibonacci retracement, swing high resistance). Stochastic (21,5,3) is approaching strong support at...
Buy above 112.55. Stop loss at 112.00. Take profit at 114.00. Reason for the trading strategy (technically): We remain bullish above major support at 112.55 (Fibonacci projection, multiple horizontal swing low supports) and we expect to see price make a bounce above this level towards 114.00 resistance (Fibonacci retracement, recent swing high resistance,...
Sell below 86.52. Stop loss at 86.75. Take profit at 85.63. Reason for the trading strategy (technically): We remain bearish below 86.52 resistance (Fibonacci projection, Fibonacci retracement) for a drop to 85.63 first (Fibonacci retracement, horizontal overlap support). Stochastic (21,5,3) is seeing a nice reaction off our 94% resistance level.
Sell below 1.0800. Stop loss at 1.0880. Take profit at 1.0708. Reason for the trading strategy (technically): Price reacted really nicely from our selling area. We remain bearish below major resistance at 1.0800 (major horizontal resistance, Fibonacci projection) for a drop to 1.0708 support (Fibonacci retracement, horizontal pullback support). Stochastic...
Buy above 112.55. Stop loss at 112.00. Take profit at 114.00. Reason for the trading strategy (technically): Price bounced nicely and reached our profit target before retracing strongly. We remain bullish above major support at 112.55 (Fibonacci projection, multiple horizontal swing low supports) and we expect to see price make a bounce above this level towards...
Sell below 86.31. Stop loss at 86.75. Take profit at 85.32. Reason for the trading strategy (technically): Price bounced up perfectly as expected and reached our profit target. We now prepare to turn bearish below 86.31 resistance (Fibonacci projection, Fibonacci retracement, horizontal pullback resistance) for a drop to 85.32 (Fibonacci projection, horizontal...
Sell below 1200.00. Stop loss at 1246.00. Take profit at 1040.00. Reason for the trading strategy: We remain bearish looking to sell on strength at 1200 resistance (Fibonacci retracement, horizontal pullback resistance) for a further drop to 1040 support (Fibonacci retracement, major horizontal pullback support, recent swing low support). RSI (34) is seeing...
XAUUSD major levels of resistance: 1195 (Fibonacci retracement, horizontal overlap resistance) XAUUSD major levels of support: 1040 (Fibonacci retracement, major horizontal pullback support, recent swing low support) XAUUSD technical indicators: RSI (34) is testing the 50% resistance level where we expect a reaction from to coincide with the drop we expect...
Buy above 1.3200. Stop loss at 1.2990. Take profit at 1.3600. Reason for the trading strategy: USDCAD made a bounce up as expected and reached our profit target once again. We remain bullish above 1.3200 support (Fibonacci retracement) for a push up to major resistance level at 1.3600 (horizontal resistance, Fibonacci retracement). Stochastic (21,5,3) is...
USDCAD major levels of resistance: 1.3600 (Fibonacci projection, Fibonacci retracement, horizontal overlap resistance, swing high resistance) USDCAD major levels of support: 1.2200 (Fibonacci retracement, swing low support) 1.2040 (Fibonacci retracement, Fibonacci projection, swing low support) 1.1400 (Fibonacci projection) USDCAD technical indicators: RSI...
Sell below 1.2420. Stop loss at 1.2610. Take profit at 1.1990. Reason for the trading strategy: Price made a push up and reached our profit target perfectly. We now turn bearish below 1.2420 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci projection) for a push down to 1.1990. Stochastic (34,5,3) is seeing major resistance below the...
GBPUSD major levels of resistance: 1.3470 (Fibonacci retracement, multiple horizontal swing high resistance) 1.2850 (Fibonacci retracement, Fibonacci projection, horizontal overlap resistance) GBPUSD major levels of support: 1.1920 (Swing low support, rejection candlestick support) GBPUSD technical indicators: Stochastic (21,5,3) is approaching strong...
Buy above 1.0590. Stop loss at 1.0450. Take profit at 1.0850. Reason for the trading strategy: Price continues to rise perfectly towards our profit target. We remain bullish above 1.0590 support (Fibonacci retracement, recent swing low support) for a push up to 1.0850 (Fibonacci retracement, Fibonacci projection, horizontal overlap resistance). RSI (34) is...
EURUSD major levels of resistance: 1.0850 (Fibonacci retracement, horizontal pullback resistance, bearish candlestick rejection level) EURUSD major levels of support: 1.0435 (Long term Fibonacci projection, horizontal support) 1.0350 (Fibonacci projection, bullish candlestick reversal) EURUSD technical indicators: Stochastic (21,5,3) is seeing major support...
Sell below 115.30. Stop loss at 116.30. Take profit at 111.35. Reason for the trading strategy: USDJPY continues to drop nicely and has reached our first profit target from last week. We now remain bearish below 115.30 resistance for a further push down to 111.35 support. RSI (34) is seeing descending resistance pushing price further down.