Price making a double top at .71800 resistance level.
Not making a higher higher - 4 hour showing bearish momentum.
the MACD 4,9,3 breaking previous support level.
RSI showing NZD is over bought and signaling a pull back.
FIB retracement between ,5 and .618 levels
1:3 Risk/ Reward
Please comment your thoughts.
EUR USD Long
Break of the 50 EMA, bounce of the pivot point, stron bullish engulfing.
MACD crossing over the 0 line
Trade with care - upcoming brexit likely to play a strong part in the volatility on this pair
TP1 at R2 and TP2 below R3 but still requiring price to make a higher high.
0.5% on each TP
1:2 risk reward
Break and restest of the 50 EMA
Bounce off the pivot point
Bullish Engulfing
Upcoming news in NZ of consumer confidence could be a good boost or if negative could move the trade against us.
risk/ reward 1:2
Stop below 50EMA and Pivot point. TP just before R1 but will need to trade through some previous resistance level at .70800
risk .5%
Let me know your...
High test of .7500 being rejected, bearish momentum away, another high test on the previous 4HR candle.
Looking at the FIB retracement down to 0.618 - although price still has S1 and S2 pivot point to break through.
the MACD is breaking below the 0 line and RSI shows room to sell down coming off the recent over buying.
Got some news coming up to trade...
Pound had a huge run up.
Looking to take a power move short 1:1
Momentum slowing - 4 hour showing double top head and shoulders with MACD looking to be going lower, crossing over the 0 line.
Fib retracement from the last big move up. TP is just above the 0.618 FIB level.
Will monitor, may TP at .5 if no strong momentum to push through.
SL above key 1.95...
Potential US30 correction
Price rejecting the downward trending high points making lower highs.
Brexit is causing some trouble with potential weakening of the Pound/EUR
MACD is showing divergence above the 0 level and could indicate price to go higher
Daily candle shows high test / doji.
Could wait to see if it turns around or keeps going..?
Thoughts?
Risky set up coming into key 155 level. Could have waited to see if price breaks below this level before entering.
Price going below the key 160 and showing strong downwards momentum. I can see on the weekly and month that there is much lower to go.
Price is still making lower lows, and lower highs. Got some news to trade through, although on the surface this...
Finally a win.
Weekly was making lower highs and lower lows - great downward trend.
Downward trend had broken then longer term underlying monthly up trend.
Took the trade off the 4HR - Saw a mini head and shoulders pattern emerging and thought Id risk getting in early and the formation of the top right shoulder.
I think there will be a break out to the upside for the GBP against the CAD.
around the 2.05 mark there was once resistance which is now kind of a support area. There is a big pair of tweezer bottom candles on the 12th and 13th January.
there is a long trend up - and some consolidation around the 2.06 point where I entered.
Price forming into the point of a...
Went long on the EUR
MACD divergance
RSI close to the oversold 30%
20 EMA had crossed over the 50EMA a couple of days before and was showing some expansion.
daily candles two days before had low test and then high test.
Was looking to capture the range between the two pivot points.
High test candle on the weekly, strong momentum down on the 4 hour.
Weekly fib 50 retrace is below the .75 key level.
macd and rsi showing downward momentum.
4 hour making lower lows and lower highs.
Getting in early - will have to wait and see how this one plays out.
Looking in from the monthly, weekly, daily, multi time analysis is suggesting and showing a huge strong
down trend
macd divergence. Got CHF CPI news coming up - up that is good and will help out our trade.
Price has broken key .7000 level.
TP Set at .69200 - will watch and may manually move to .68800 if there is strong momentum
Japan implementing negative interest rates
www.boj.or.jp
Daily candle looking to close above key 120 level. Price bounced off this level on the 1 hour.
MACD Div
Price breaking key 80.00 level. Which was a strong support level a few years ago.
Huge downwards trend. Target 75.005 where price may bounce at this secondary key level.
looking to catch a pull back on the GBP entry point triggered at 169.657 SL at 169.000
Proft target at 170.759 still below the 50 EMA which is in line with the daily downward trend.
My previous idea of a trend reversal wasn't triggered yesterday - so looking to stay with the long term trend at the moment until I see stronger reversal signals on the daily...
