AUDNZD trading nicely within a very defined rising channel. This is a long time frame rising channel, which started its moves since Dec 2013. Will AUDNZD bounce up from point 3?? Enter long position around the 78.6% FIB retracement level. Long AUDNZD 1.0630-40 SL 1.0580 TP1 1.0800 TP 1.1000 ===== www.ForexPositive.com Twitter @ForexPositive =====
Support zone & 50% FIB retracement around 1.7040-60 Long GBPUSD 1.7050 SL below 1.7000 TP1 1.7150 TP2 1.7300
On the longer term daily chart, USDCAD is trading within a very strong bullish channel. This bullish channel started on Sept 2012, with 4 confirmed trend lines bounces. Could there be a 5th bounce at the support zone of 1.0560-1.0600? Enter a long position here to find out!! Long USDCAD 1.0570-80 (middle of the support zone) SL 50-60pips TP1 1.0800 TP 1.0900
NZDUSD is approaching its ALL TIME HIGH 0.8840, set in Aug 2011. I think its going to be hard to break above this level, at least on its first attempt. Short NZDUSD 0.8830-40 SL above 0.8880 TP1 0.8670 TP2 0.8400
NZDUSD is approaching its ALL TIME HIGH 0.8840, set in Aug 2011. I think its going to be hard to break above this level, at least on its first attempt. Short NZDUSD 0.8830-40 SL above 0.8880 TP1 0.8670 TP2 0.8400
NZDUSD is approaching its ALL TIME HIGH 0.8840, set in Aug 2011. I think its going to be hard to break above this level, at least on its first attempt. Short NZDUSD 0.8830-40 SL above 0.8880 TP1 0.8670 TP2 0.8400
Wait for CADJPY to pullback to support zone & 38.2% FIB retracement level before entering long. Long CADJPY 94.00 SL 93.50 TP 97.00
Scenario #2 (bullish AUD) If AUDUSD makes a clean & decisive break above 0.9450, wait for a pullback. When AUDUSD retraces to the pivotal range of 0.9410-50, enter a long position Long AUDUSD 0.9410-50 SL 0.9350 TP 0.9750
Scenario #1 (bearish AUD) If AUDUSD forms a triple top formation, this is a bearish reversal signal. Short AUDUSD 0.9450 SL 0.9500 TP 0,9200
Short EURNZD 1.5750-70 SL 60pips TP1 1.5550 TP2 1.5520
Bull bat harmonics Long EURJPY 137.10 SL 50pips TP 140.00
Bull cypher harmonics Long USDJPY 101.20-30 SL below 100.80 TP 103.00
Bull cypher harmonics Long USDJPY 101.20-30 SL below 100.80 TP 103.00
Bullish continuation pattern in GBPJPY The ascending triangle pattern is a bullish continuation pattern in GBPJPY. There are 2 ways to trade this pattern. 1) Aggressive method (Long GBPJPY on breakout) Place a buy stop order on breakout above 173.50 SL 173.00 TP 175.00 2) Conservative method (wait for retracement) After GBPJPY breakout decisively above 173.50,...
Bearish deep crab harmonic pattern Short AUDNZD 1.1070-80 SL 1.1130 TP 1.0900
Bearish cypher harmonic pattern Short AUDCAD 1.0270-80 SL 50pips TP 1.0100
Bearish bat harmonic pattern Short GBPUSD 1.6890-1.16900 SL 50pips TP 1.6780
Short USDJPY 103.30-40 SL 50pips TP 102.00