Bullish to the shorter term structure of the 61.8%
EURUSD will approach the trend line soon. It is already confirmed with 3 touches. Also a buy support zone there. A break signals a short. An impulsive bounce will trigger a long trade. Good Luck!
I will post a visual link here later after I complete uploading the video in my channel which will be an in-depth analysis of why AUDUSD major pair will have a high probability of long bias throughout the week. Till then please give me some time and have an eye on this chart. Will comment here the link soon stay tune ;)
Sup traders EURUSD is looking like its setting up for a juicy short next week. Stay tuned, look for some reversal patterns on the lower time frame. Keep risk managed! Cheers
Even a human being need to die before they have to reach in heaven. This is just a currency pair all those pumping news from UK and European has to somehow seem to lose steam for now while the pair seems to be getting exhausted for now to carry on further upward. Even if it's a bullish market in perspective of long term some pullback in intraday is enough to book...
Price seems to be in ascending channel. king is struggling after the Brexit developments report spiraling around the internet in every news site which just helping to boost the bullish sentiment of the pound and euro which obviously helping to lift up the price more further up direction. Dxy has been showing some sign of a bearish reversal in a daily timeframe so...
Ascending channel lower trendline breakout . Below the monthly pivot point indicates bearish sentiment. Fall from the past strong resistance 98.67 . Floating below the weekly SMA (green). After the counterparts of greenback like the pound and euro had some great comeback over greenback couple of days earlier because of some positive Brexit development news...
Bullish pennant breakout pushes USD/JPY to an upside. Keep your eyes peeled for clues that the bulls still have muscle in their hustle to boost the dollar to the 108.958– 109.871 previous area of interest. Not convinced that an upside move is in the works? You can also short USD/JPY at the earliest signs of bearish momentum using our Plan no. 2 if plan no. 1 fails.
EURUSD still trading on double Zigzag Pattern, I am looking final leg downside to finish the WAVE B. SIGNALS: SHORT @ 1.1065 -- TP @ 1.0950 -- SL @ 1.11052
Reading up all the last day fed reports expectations of future cuts in 2019 aren't much and not so dovish dot plot/statement from Fed Chair Powell is holding the cable from rising further today. Fed had a dovish cut but talking about the future outlook it sounded not so dovish (no further major rate cut may arise and depending on economic data changes and how...
The pair seems to have found support that was previously resistance. Now looking to short the break, but it needs to be impulsive for confirmation. While a bounce trade is also possible, bias this morning is to buy dollar. We shall see if US session changes sentiment. Good Luck!
*Yellow = 200 EMA | Blue = 100 EMA This is the FX:USDJPY with Ichimoku overlayed with two moving averages. This pair is setting up nicely for a 500 pip move between 104.499 and 109.621. The support around 104.50 level has been used as resistance multiple times during September and October 2016. It has been used as support March 2018, January 2019, and...
Have a look at the snapshot above. It represents the nearby support and resistance levels on monthly TF of NZDUSD. A convincing close of monthly candle below 0.64000 would likely confirm probable bearish continuation until 0.61000 where the next support lies. Looking at the main chart, there is a nice descending channel continuation! Should the monthly candle...
If your a member of mine, these zone should look familiar, we've already grabbed a really nice buy of the bottom of the zone. Now that we've hit the top of the zone we have two ways this trade will likely progress. Looking at past history the most likely case would be a drop back down into the middle or bottom of the zone. Once price drops below our current candle...
This setup is a continuation on our trade from last week that is currently running in profit. I am looking for a new trade entry to present itself on a drawback to the wicks of previous price structure resistance. If we get that drawback and support holds, I'll enter my long with the same targets as our previous trade that is currently running. This drawback...
While I have a hard time seeing the Pound gaining much strength over the coming months, right now that is where the technicals are pointing me for the time being. We're above the kumo, we have a bullish kumo twist, and chikou span is above price. So, all the bullish confirmations are there that I need. I've set my entry level right above previous price resistance...
Greenback reached 98 mark and is starting to show signs of resistance on 4hr TF. On one hand could break through and work its way back up to 98.93 which we saw two weeks ago- move could be supported with positive CPI data that's scheduled to be issues later today. On the other hand growing recession fears, as signaled by the US 2-year-10-year Treasury yield curve...