I really like this one on a technical side. With the EUR coming down all year the favour is to keep playing the trend to the downside. With price pulling back towards a resistance trend line and also pulling back 50-61.8 % before the daily closed as a nice rejection, I think we could see further downside. I'm not short yet especially with NFP tonight however see...
Pretty self explanatory trade. We've been in a long term down trend for awhile now and recently broke the support level and closed below it on the daily chart. At this stage I'm just waiting for a pullback and some signs of entry to get short on this. I'll be looking for a long term trade on this heading towards 29.77820 level
Recently we've seen AUD/NZD gain a nice bull trend from its lows at 1.03549 with a 300+ pip move to the upside. Currently price is testing the 1.06950 zone with a triple top in play. Al-thought on the lower time-frames we've had a nice bullish trend, I'm still playing this trend on the short side based on the weekly trend being under the 200 EMA at this very...
This pair has much better market structure than the GPB/AUD in my opinion. If i'm going to take one of them, it's this one... We can see the pair has had a nice rally to the top of the trend line now putting in a new re-test of the descending trendline. I'll be looking for short trades early in the week on this market. What tops this off is NZD is now hitting...
Looking at the GBP/AUD on the higher time frames such as Daily 2D and 3D chart, we can see it's been in a range between the two marked out support and resistance zones and we've recently closed and rejected at 50/61.8 % Fib level. I'll be watching this on the daily chart for price to break lower from the minor support it's currently in (seen better on 4HR chart)...
I've still got my eyes set on buying Gold when I see the right opportunity to do so. At the moment I don't have any open positions on the metal however I do have a long bias back to 1600 level. Price is in a nice uptrend and we've fallen back down to our buy zone. I'll be watching this over the next few hours to see how we react within this zone.
With price holding its steady uptrend all year I'd still be looking to go long on this pair. At the moment we can see the 4HR had a nice run up on Aug 14 with price going from 8.87136 all the way to 9.03077 where we saw selling pressure come back into the market for a pull back for us to get a possible long position. Pulling the the Fib tool from Aug 14 price at...
At this stage the GBP/USD has had a reaction off of a big support level. However, I don't believe the down-trend is over just yet although we are in a major support level. As many know, it usually takes time before a trend ends for a new one to start and if bulls are wanting to come back into the market sellers will still be wanting to gain control and push price...
Double bottom formation has been formed and if the current 4hr has a bullish pinbar closure, then expect a gain of 162 pips with a stop loss of 31 pips. *Always view and verify charts yourself before taking any trades.*
Basic charting principles. Trend line break along with retest. I'll be looking for a breakout of the support that to go short. Targets for me will be at 0.68986
AUD/USD - Watching the 4hr chart for a break out above the last lower high made. I was tempted to buy this yesterday on the retest of the support however I'd feel more comfortable waiting for bullish price action to come into play. Looking to take targets around 0.73700 mark.
When it comes to the gold I have a very bearish bias on it. Seeing a triple top at 1400 area as well as hitting a weekly resistance trend-line then a further push down from there, I can't help but feel the need to start looking for short trader in the yellow metal. For me, there are a lot more reasons to start looking for shorts in gold rather then long positions.
After we've seen NZDCHF hit a major weekly trend-line and a strong rejection off of it along with a H&S formation, I'm deciding that this bullish run has come to an end... for now.. I'll be looking for a breakout of the neckline and looking to take profits at the 0.618
Seeing a nice little bull run recently in the cable we're starting to see buyers take a break (short term in my opinion) and sellers come back in. I'm expecting the pair to range from 1.4300 to 1.3750 areas. For now, this week I will be looking for shorts on the lower time frames such as 4H and 1H as price comes up to retest last weeks breakout.
After a long sell off lasting a few months on UJ, we've seen price hit a nice area of support... I'm expecting to see some sellers taking break and buyers coming back into the market.
After seeing the pair break neckline last week with the CAD strength and USD under pressure, I believe we can see a steady 50% retrecement before another sell off comes into play.