After EURUSD broke trendline for more downside move and broke also 4H structure now is making pullback to the 3 potential PRZ's. (50%, 61,8% and 78,6% fibo retracement)
There is big potential in first two PRZs, because on 50% fibo PRZ we can see H1 demand zone and on 61,8% fibo 4H support.
I also will be looking to short dollar on more pairs ( USDJPY and GOLD...
EUR/JPY
>Potential long opportunity at the D leg completion of Bullish Bat setup.
>Stop loss would be below the X leg of Bat Pattern.
Target 1 : 120.200
Target 2: 120.632
All the AUD pairs is showing really great WEEKLY setups, with strong S/R and reversal candles forming/formed.
I will trade the USD very carefully, but still stick to my technical analysis, im taking the DXY as a strong indication on where the USD will move the next couple of days/weeks.
Im waiting for good reversal setups on the daily, but i'm willing to short...
This is an ideal short setup with a risk/reward of 1.9. The "Weekly, Daily and 4hr' chart have the same correlation of being bearish. Weekly support is printed at price 1.60378 as well as fib tool to complete a 1.618 short extension. Coincidence, I think not. To enter this trade I would prefer to see price rise to 1.62371 and initiate a sell limit order here (at...
I am expecting USDJPY to retest the high. But these 3 trade setups are separate trades; they are not one single trade. The smallest one is the traditional target level for pattern. I am using patterns as an entry method. The other targets are based on structures.
DXY is meeting very important support.
If it breaks support, we can see some bigger move down on dollar.
If it breaks below support, We will probably see:
USDJPY on 111
EURUSD on 1,085
XAUUSD on 1260
This outlook is only for information. Do not take it as signals or whatever
Don't forget to trade with proper RM/MM and caution. Good luck
Observing USDCAD i am here illustrating a net of direction momentum. As unclear i am to how the fundamentals may react with the market, i am keep an eye on the possible swing in direction.
Initially price action decline of .90% Price rejection at the 1.30240 Inclines .70%
DXY- was showing a weak dollar. That is information to consider with this pair. Keep your...
EURJPY met 50% fibo retracement (Price Reversal Zone) before the market
was closed last week and at the same time Retested broken trendline
after looooong time lasting consolidation.
Looking for positions to sell that pair. Keep eyes on it!
Good luck with trading this week guys.
And don't forget to trade with proper RM/MM and caution.
NZDUSD struggling on daily resistance for long time now.
Expecting pullback in today's London session, when DXY is about to get more up (dollar strengthening)
NZDUSD might be also a longterm sell (weekly + daily timeframes)
BTW: (I'm not trying to catch all move as always)
Don't forget to trade with proper MM/RM and caution.
Good luck people.
USDCHF is forming perfect triangle to short or buy break of this triangle.
We can see on higher timeframer that USDCHF is strong downtrend (Daily and 4H)
But be careful when prices meeting Supports and Resistances
I will update this trade when the prices will be close to the breakout with a excact SL.
Don't forgot to trade with proper Risk and Money management...
We can see that the price is in the support area around 0.98660, if the buyers could take the control again and reach the break the high of the last 4 hours sideway, then the price should continue going up.
Also RSI around Oversold area
First target around 0.99710
Second target around 1.00413
SL under the low of the last 4 hours side way around 0.98548
Ive noticed gold seems to be in an uptrend with a key area being at 1200. Price rejection seems to be strong from here as we can see a break out.
Target 1230 - mid term.
