Backer

Backer

As the major tred is still bearish, I'm looking only for short trades. This is a short-term trade with RR 2:1. Hit and run! Good luck!

Backer

The EU is in consolidation. It will probably continue to be in for the next day (Holiday in the US). We'll be waiting for it to break one side of the triangle. Breaking up is more important as this opens the chance to go to 1.1850 - 1.1950. If it breaks down, I will not sell. However I will be waiting for the test of 1.1500 and buy if the support holds. Happy trading!

Backer

The major trend is clearly bearish. The pair has broken the upper channel on the weekly chart, retested it and successfully retraced from it. I see a good opportunity in shorting the pair if it pulled back. Entry Level: 0.7650 which matches the 0.382 Fibo. SL Level: 0.7750 which is just above 0.5 Fibo & above a well-respected resistance level. TP Level: ...

Backer

The triangle pattern is almost complete.

Backer

Clear and simple. No need for further explanations! Good luck!

Backer

As we see the pair formed a double top and closed below the neckline on the daily. The major trend line acts as a major support for the pair, breaking it means that the pair is going to the 3.70 levels. Make sure NOT to sell before the trend is broken and the break is confirmed. Good luck!

Backer Updated 

Left shoulder and head have been formed on the 4H chart of @USDJPY pair. Waiting for the right shoulder to be formed, the base line to be broken and retested then going long. Enterance will be around 115.50. The goal is arround 118 as it's the previous high and it's equal to the destination between the head and the baseline. Good luck!

Backer

I think it's obvious! There's no need for explanation. FX_IDC:CHFJPY Good luck!

Backer

4H candle is closed above the downtrend and now the trend is being retested. I see a very good entry at around 114.80 as there's 3 different supports. the downtrend, the up trend and the broken resistence. Good luck!

Backer

This is a very nice place to go short for many reasons: The price broke the short-term up trend. Two Major resistances that the price was not able to break either of them. The Major daily down trend & 0.5 Fibonacci level. So the it will go at least to the next Fibo. level (as well as the previous structure high) which is around 0.7250. The there is a possibility...

Backer

I see correction wave (A) has started on Daily chart. RSI reached the overbought zone and now reflecting. Stochastic did as well. First goal is the previous structure's high @102.04

Backer

I expect EU to finish the correction @ 1.0480 and continue the downtrend.

Backer

Short Trade based on Fibo lvls

Backer

A nice EU position based on trend lines. Pay sepcial attention to the EMA200 as it could act as a serious resistence. This is a long term postion. God luck

Backer

The break of the low bound of the symmetric triangle has confirmed as the 4H candle closed bellow.. waiting for it to retest the resistence area and then going short. good luck!

Backer

Waiting for it to retest the neck level @ 116.10 and the drop down.

Backer

Very good point to go short on GBPUSD, as this level meets the EMA200 and 0.382 Fibonacci level as resistence levels.

Backer

It has broken the up trend on the hourly chart I expect it to reverse as the trend line will act as a resistence.. Furthermore the EMA200 and EMA 50 will act as a resistence also. Not sure if it will continue downward below 1.4211 or will go back to test 1.4300 level again.