March 15th 2015 - Possible Short term Long Opportunity Basis for going long GBP/JPY 1. Trend Line Support 2. Bullish Hidden Divergence (Price made a higher low but Stochastic made a lower low) Profit Targets: TP1 @ 180.40 TP2 @ 181.10 TP3 @ 181.75 Stop Loss: 178
Let's hope we get a pullback .. TP is still @ 1.3790 as communicated few weeks ago Check
Short @ 134.30 OR 133.500 SL @ 135.40 TP @ 132.50
EURAUD - Down Trend - I like to short EURAUD based on a breakout below 1.4310 - Placing a Sell Stop Order @ 1.4305 with a Target of 1.4205 (100 pips) - SL @ 1.4405 - Risk:Reward = 1 : 1
AUDCAD in a 900 pip range (0.9400 - 1.0300) Price made a higher high and retraced. Now it's going back up again (Also broke the down trend line from the retracement move). I am expecting price to go to parity @1.000 then retrace a bit before continuing to 1.03 resistance level
To get involved, wait for the trendline break before shorting OR short when you see a bearish candle stick formation at the right shoulder. (A good way to short is to spot divergence on the shorter time frames H1, M15 or even M5). Stop Loss goes above the head,
1. As said, price faced resistance at the 38.2% retracement level from Weekly TF. 2. I can see price retracing to 1.517-1.524 zone before making another push to the up side
1. GBPUSD faced resistance at the 38.2% Fibonacci Retracement Level from the most recent down move (@ 1.5551 Level). 2. I still believe GBPUSD will retrace to the 61.8% Fibonacci Level @ 1.5922 for a re-test of the long term broken down trend line (in red). 3. Question is: Will it go there immediately or will we see a retracement before a push back up ? This...
You can take an aggressive entry now or wait for price to rise up to 1.97 area then short it to 1.90570 SL goes above the highs
I am favoring a long in AUDUSD to 0.8050. A breakout trade is preferred but you can take extra risk and go long at this week's pivot around 0.7800. Stop Loss needs to go below the consolidation range.
I prefer seeing bearish divergence But if I get a trend line break, I will short NZDCAD to the M Pivot @ 0.8980
NZDCAD .. I am favoring to stay bearish to 0.86500 in the long run
If price pulls bck to 0.976 - 0.972 area, I would like to buy to 0.9940
I am in favor of a long AUDCAD at least to parity initially and 1.02 ultimately
Based on the Daily Setup. I would like to stay bearish EURCAD to 1.362. Looking at 12H TF, I can spot what maybe a H&S pattern and a range. I would like to short EURCAD either at the top of the range with a tight SL or on a break of the low of the range to the next support level at 1.3787
EURCAD is having a hard time braking above the 200EMA on the Daily. Also, I can see a downtrend channel and a missed monthly pivot from Aug 2013. I would like to stay Bearish EURCAD to 1.362