Always look for your own entries, this is only my own personal play. Not advice.
Entry Order: SELL stop @ 0.7718
Stop loss: 0.7755
Take profit: 0.7609
analysis: eurgbp appears to be forming a H/S bear price pattern. Breakthrough below Friday's key reversal bar could lead to a follow through on the downside
Lots of movement in USDCAD, up 1% coming to an end on an upward triangle. Depending what the US Consumer Credit Change is we might see a decrease into the 1.34 zone. Currently sitting at 1.351 zone with lots of room to descend
Looking at the 4hr chart and noticing a few key resistance/support levels dating back a few months ago we can see the market trending nicely with our low call support trends and a resistance trend line. looking for a long opportunity for sure
Starting to see the same ABC correction for Oil back in 2009 happening again on the monthly for 2015. Starting to think we'll rebound around 35-40 as an ultimate bottom.
only long term, got no short term ideas on this one. plus all speculative.
Noticing a lot of key levels, Overbought zones over 118.85, resistance at 118.40 and a solid support around 117.00. Keeping an eye on the fib retrace I'm looking for an entry around 118.15 down to 117.00 into the old support before the recent spike in value from 117.00 to 119.2 (which went from oversold, to overbought)
After breaching 1.5710 I was able to confirm a new support around 1.5650 and most likely adding resistance before we see it bottom out around 1.5540. We should see it swing over to 1.5650 again for the new support.
5M Chart: Been watching for 145.80 to get breached for a day now. Finally see the breach and support under the trend line I now suspect a shorting opportunity to 144.15 with some resistance around 145.20
Currently sitting on a double top of 1.5767 and starting to test the fib zones around 1.5705. If this is breached we should see a gradual downtrend formation from 1.5705 down to 1.5542 - I've been also checking out the True Strength Index and seems to be helping me find a solid entry point on larger time frames for ...
Taking a close look at EURJPY, noticing a double top formation around 148.8 showing lots of resistance around 148.80 – 149.15. Noticed the first breach from Fibonacci Retracer indicating that 147.15 was our major signal for a dip in this market. We were lucky enough to catch this before it made a huge movement from ...