Copper headed to 2.26Hello traders!
As you probably noticed Copper broke out the asymmetrical triangle started back in June 2016, also crossing the 200 EMA. Given the strong momentum I think it's possible that price will raise higher and retest the previous swing high reaced in mid July. Of course there's a possibility of false breakout, in that case I think price will go back to meet the 50 EMA and bounce again or continue down to meet the lower side of the triangle.
Hope you liked this idea, wish you all happy trading!
Exponential Moving Average (EMA)
EUR/CAD short setup Greetings traders!
I will be entering short on EUR/CAD as the price decelerated and rejected the 50 EMA, 0.5 Fibonacci level and MACD divergence in place as well. This looks like the first pullback of the trend started on 10/10, breaking out violently from the ascending wedge, suggesting a continuation of the major trend that started at the beginning of 2016.
Hope you liked the idea, thank you for your attention. Happy trading!
NZD/USD Short into bear channel Hello traders!
Currently watching NZD/USD; the previous trend was exhausted and abruptly reversed on 09/08/2016, crossed the 50 EMA on 10/04/2016, now possibly entering into a bear channel after rejecting the 20 EMA. Still waiting to enter as it's possible that price will move sideways; if that will not be the case I'll enter short setting a first t/p at 0.70 then see if a reversal patter will show, along with substantial deceleration.
Hope you like this idea, wish you all happy trading!
EUR/CAD Short after pullback Hello Traders,
I'm currently waiting to enter short on EUR/CAD once price will decelerate at 0.5 Fibonacci level. 200 and 50 EMAs also providing dinamic resistance, bonus points if a reversal pattern will form tomorrow. There may be a chance that price will continue pulling back at 0.618 Fib level (1.4700 resistance) given the strong momentum that is currently showing. Let's wait and see!
Wish you all a happy trading!
EUR/NZD near the 21EMA. Watch carefullyBuyers are trying to buy the Euro at 1.5200 area.
A negative test average could provide excellent opportunities for sales.
If the moving average 21 were to be exceeded on the upside, we could see a restart of prices up to the important resistance level.
Carefully follow the price movement.