GU looking bearish as it struggles to jump through the above zone. Currently price is rejected this above zone and providing some bearish action to the downside. If we continue to get lower highs, price may give us a nice 2:1 P:L trade to the downside. No significant GBP news until 5:30am New York time and no significant USD news until 1pm today.
Look at a nice 1.5ish:1 P:L ratio here in GN. No news until 5am and the pair has been making higher lows printed right in the supply/support zone below. Looking for bullish action to the most recent high, with a stop loss right below the most recent low. Lets see what happens.
Channel forming for GBPJPY. Once the current candlestick closes, I'm looking for a buy opp up to the top line of the channel. No news in the GBP or JPY so looks like a solid trade opp.
BTC looking bullish, its already rejected the below trend line and it looks to have retested off of this horizontal zone on the 15minute chart. Profit target is set for a new high, because price has hit a new high the last few times it has rejected the uptrend line. A safer TP would be around the 204 pip range which is the most recent high.
EUR has been creeping back down toward the below zone. If you look back, price has done something similar and then broke downward for about 50-60 pips. Same theory here, I've got a sell stop set at 1.65561. If price closes below this level it will like go for another 50 pip move to the downside. Let's see what happens. No EURO news until 10:30am, and it is not...
Taking this EURUSD Sell. Possible profit of 50 pips down to the next level. Price has been trying to break through the above horizontal level and has finally closed below it. Now pending a retest I see a continuation ahead especially considering the back EUR news earlier today and USD currency has been pretty bullish lately even though the country is in a weird...
Looking for buy limit entry off of the break of this 1H downtrend line. Additionally we have price providing some confluence with the below horizontal zone, which price has already rejected off of. No news until NZD at 5:45pm.
BTCUSD breaking out of the triangle formation to the downside. Plus a head and shoulders formation provides another confirmation. As long as the USD is volatile with elections and stimulus news, BTC will climb. However, the moment that stimulus actually comes out, or Trump is elected(loved by US capitalists and might make economy jump if elected). The USD will...
Short term downward channel has broke to the downside while price has retested off of the bottom of the channel. I'm looking at a nice sell opp here to the bottom of the larger downward 4H channel. If you look to the left there is not much that would stop price from driving itself downward to the bottom of this larger downward channel and even the horizontal...
Reversal Doji/Formation forming. If price continues to close bearish, i'm looking for sells down to the green trendline. GBP news coming tomorrow morning
Price shot up today, but what goes up, must come down. Seems that price has rejected the above structure on the 1H and is giving bearish signals. Taking this short probably at least 30-40 pips or to the bottom of the channel if the fundamentals permit. Lets see what happens. Major news in the GBP tomorrow morning as well.
Price has officially broken this heavy downtrending channel. Looking to see what price does as it approaches the above structure. Price has got to be over bought so honestly I don't see price breaking that structure. If it rejects the above structure, I'm looking for sell opps. However, if prices breaks the above structure, I think we are in a buyers market.
EN currently crashing through this trend line. Looking to capitalize on continuation of this crash down to the bottom zone. Usually price runs freely with few corrections though this zone with the Horizontal Structure above and below. I expect some correction/pull back to the upside possibly or a continuation of this crash. If there is a pull back, I'll scale in...
USDCAD looks ready for a sell opp. Price has already shown great rejection to the previous structure. Now it seems that price is establishing bearish movement to the downside. Waiting for a few strong bearish movements and we will have confirmation for a sell opp. Stops will be place on the opposite side of the above zone, while TP is the zone below.
Gearing Up for a nice GBPNZD Buy opp. Price has been playing around this level but seems to be beginning to reject the structure below it. If price provides us with bullish confirmation, we're in there. No NZD or GBP news in site, so we should be in for a clean technical trade.