Hello traders, Currently we are putting AUD/NZD on our watchlist for a short-trade somewhere today. Expecting the market to make a small move up, catching the fish and hunting stoplosses. After this small move up we should be breaking back structure level, you can see the lower orange area. When we see a clear break of structure, put the entry point at the...
Currently watching price retrace after being a heavy downtrend. Looking for further downside. Intra day position.
EURGBP is trending to the upside currently prior to the EUR Unemployment rate, which measures the number of workers unable to find unemployment. Technically the pair is holding strong above the trendline and has broken to the upside of the corrective pattern. We anticipate continued upside into the 0.86210 level.
EURJPY is correcting in a bear market prior to the EUR Trade balance data, which records the total imports and exports for the Eurozone. Technically the pair is in a corrective wedge after a bearish impulse, and we anticipate continued downside now as the wedge is breaking. The RSI is showing bearish momentum and we anticipate downside into the 129.05 level.
EURGBP has traded into a key resistance pivot prior to the GBP Claimant count rate, which records the percentage of people applying for unemployment benefits. Technically the pair is in a downtrend and has made a pullback into a key level, and we anticipate downside from here into the 0.8478 level.
We are waiting for prices to give us a confirmation on the direction it is going. If prices breaks out of the descending trendline, we will be looking for a LONG opportunity if we get a pullback. A breakout of the descending trendline isn't enough, UNLESS it breaks above previous structure high as well, creating an immediate higher swing high, to tell us that the...
I'll be waiting to buy this pair at the marked area.
if price dont respect supportive pattern line, then idea is invalidated.
After that doji candle close on the weekly and price being rejected at 1.68000...it is clear that the Bears are ready to take over this pair again,as you can see it was just doing some correction and next week is where i think it give us that big move to the downside...we are patiently waiting for price to revisit 1.68000 and this will give us a nice opportunity...
TOP DOWN ANALYSIS WEEKLY TIMEFRAME So from the weekly timeframe we see a consolidation in term of a compression and price respecting 3 times at 104.800. which mean we have seen price respecting the high lows 3 times but creating "lower high highs" that why i call it a compression just like a pump waiting for the shoot out of price and the direction of the...
USD/JPY Esta en Daily Resistencia lo que significa que si el precio sigue rechazando ese nivel de resistencia estamos esperando para nuestras posiciones de venta. Estoy esperando que el precio minimo llegue a mi 111.210 y vuelva a subir para crear un nuevo HL. Despues de ver como el mercado reacciona sobre esto les dare actualizaciones.
Here you can see a break to the up-side, with a nice retracement to the golden mean of 61.8 fib point. Ready to go up for the next weeks. My entry is at the 50% retracement.