Dxy has broken daily trend line retested now presents good shorting opportunities. Bearish crown pattern has formed. Price action has also printed LH and LL Im pretty bearish against the dollar
The information is on the chart but basically, bearish momentum on monthly and weekly, trend failure on the weekly, Targeting lower trend lines to retest the bottom
Short play based off technicals and the overall higher time frame being bearish, i believe this is a smaller time frame pullback so short opportunities may arise. Details on the chart Thanks guys
Price broke about descending trend line and has now moved back down for a retest. This could be a nice technical play to the upside the white box area coincides with the 38.2% fib levels. This is pure technical trade, fundamentals not taking into consideration here guys. A break above this level could open up a test of 1.10 levels. Thanks
UJ has broken out of a descending channel with a strong move to the upside, i do believe a pullback to retest the trend would provide a better price to buy USDJPY, RR ratio if good and we could see a pump up to 120 levels to test the highs on the Daily time frame.
Aussie has finally found a bid for longs, with a nice bounce from supply/demands levels. The target is highlighted in the green box area which lines up nicely with descending daily trend line and the 38.2 fib levels for the daily run.
bullish pattern formed, time for retrace to 50% around 75200 even level General idea only not a signal, Best of luck guys
The AUD had a great run on such a low volume day with bank holidays across the world. I believe price action has now come to a position of value to short the AUD, with multiple confluence factors stacking up for me. The information box on the chart details the confluence factors Please take into account RBA rate decision tomorrow also. As always, trade you own...
Short eurusd price reversed at 618 fib level, broke down from rising wedge formation for a nice intraday play but the start of the bigger trade form my other ideas.
Idea based of technicals Sell from the touch of the upper trend line aiming for the lower end of the channel Looking for the 50% retrace of CD Targets #1 1.43037 #2 1.42222 These levels will also close the gap left from election polls over the weekend. Best of luck guys!
Price action potentially forming a bearish gartley pattern, Long to 1290 Sell to 1230 50% retrace
Based off levels and trend lines i believe gold shows opportunity to the long side. I also believe from the fundamental side, things arn't as green on the other side as they think. Not a major bullish move but i definitely see more upside to gold at the present moment to retrace previous bearish movements. I believe the shorting seen on friday was fuel for more...
I think the Aussie needs a bigger retrace before anymore bearish price action could continue after its had a pretty good fall due to trump and the dollar. Levels i think are important would be around the 75500 to 75550 then potential for slight bearish price. I see the Aussie regaining ground overall once the election honey moon is over and trump backflips on...
The DXY is at key fib levels of .618 A potential zone for a reversal. This is purely and idea for discussion purpose and in no way a signal. Have a plan and trade your plan. Its your own money at risk. Be smart
inverted head and shoulder pattern, Elliot wave pattern, waiting for wave 5 from retest of neckline H&S
After a nice breakout of the long term up trend i think this could present a good sell opportunity but only after a pullback near the high of the last daily candle around the 0.76230 to 0.76287 area. This is only an idea not advice or signals. Purely for sharing purposes only. Trade your own plan!
Gold is in a bullish trend on a bigger time frame. - nfp is the fuel to propel gold higher on global uncertainty and maintain the bullish trend. - this could be wave 3 of an EW (Impulse wave) Take profits are based purely off the averages of 6 months nfp reports, purely for idea purposes! Disclaimer: This is for the purpose of sharing ideas, not saying its...