Given previous market news , and being that Theresa May brought overall price of Sterling Down with her speech Friday. We can come the conclusion that the current monthly support level will in-fact be respected , and has been. Overall uptrend however we noticed about 150 Pip correction within the last 3 days . 152.8 , 151.4, 150.5 , 150, 3.
This par seems to be sloppy tot he eyes , its only respecting 2 major levels for the past few months. We could do some intra day from the execution zone. been favoring EUR pairs recently movements seemingly more broad as we move closer to Christmas. Where will this pair stop that's the real question, the downside only has one true support and Resistance recently,...
My company is noticing a lot of amazing set ups this weekend , here is one I'm currently in on already. Think I personally found one of my favorite pairs. With that being said , using fibs we should see prices hit absolutely perfect . beyond confident in this pair . let those who are brand new to trading in on a little secret , if you set up your charts like...
The Sterling expected to gain value as we notice its increase in value after Brexit. Expecting this pair to rally to the 12.369 Support level which if next weeks news happens to go in our favor we could be into some good selling / buying territories. Key levels for this week include 9.84 , 11.07, and 12.369.
Noticing strong potential this weekend while Markets are closed. Aussie dollar lost value last week on all pairs while USD found strength . Markets seem to be following the trend for now which I can expect to see throughout the week. levels to look for on entries would be 1.2319 daily resistance , 1.2825, and 1.4662 to take trend back down to trend .
overall up trending market on USD/JPY . Price broke 110.5 support which now acts as Resistance on hourly and 4 hour charts. However we did not see a daily close of this level yet. Traders could look for buying opportunities once daily candle closes Monday. News for yen pairs correlates with this analysis. over 5 trillion yen has been released into the market...
Looking at Potential sells this coming week on yen pairs . Every trade has 2 sides , if entering this trade please respect news as well as reversal and trend continuation patterns.
Eur/usd will respect support and Resistance in an over all up trending market. set stops 30-50 pips above monthly level depending on risk appetite. Potential long term short position.