


Details on chart
Approaching a short entry zone - details on chart.
Price did have a reversal pattern 2 days ago on a daiy chart, and continuation for a bearish move is possible, however for a long entries (in case of bullish price movement continuation) I would suggest 1.103 as a minimum to go long. Details on the chart
Pair's price has moved up during the week, and there is a high chance of the up movement continuation, however, Price is at it's current resistance, and clearing of yesterday's low is highly possible, before the Up movement continuation. I will try to go short now with SL not more then 15 pips and target around yesterday's low. It's not an advice, but just a comment
The market is still bullish for the UJ Friday did gave us a bearish formation, but the bullish engulfing pattern is formed and the price is heading North. I personally (even though I can be wrong) will wait till the beginning of London session, to see the crowd's decision first. Please review my thoughts on the charts, ask questions and I will answer with my best!!!
Here's my share of my own view for a first hours of a new trading week. All details on the chart. Waiting for comments and questions, dear colleagues!!!
A clear signal has been formed during the last week, so I will look for a short opportunities during the intraday price action.
We're all interested in making money every day, but, knowing where the market moves in general is always helping us to stay on a right path. Please review my long term view on a US dollar index. Details on the chart. Your comments and likes - the best I can get.
Today's NFP is something, what most trader's are paying more attention then usual. It's a very good Idea to have a plan to follow during the news release and after. I do not recommend to gamble, and to use buy stop and sell stop orders, as mistakes, whipsaws and a guaranteed horrible mood over the weekend is possible. Please consider it as a rule N1: DON'T be...
The price has tested the level for "a lot" breaking through current resistance will give a strong bullish momentum.
The price bounced of the reversal area to go south, however failed to break the Triangle support. Also it has gapped down at the opening and the Gap will possibly be closed, which will give a signal to buy with SL below 0.701, TP 0.708
The price has broken through 1.3100 level, In case if the price will be closed below, short term correction is possible, However I do not recommend to sell in this situation, as the major trend is strong Up.
South movement continuation is possible, with SL's above 0.73655
Normally I'm not trading at this time of the day, but.short term Long entry with SL<1.096 TP @ 1.1025 is possible
The pair is going for a deeper correction, as I have mentioned before, also it seems like Head an shoulders pattern is possibly under formation. which will make a signal stronger.
The price didn't give any signal to sell yet, however, the scenario is the same - Look for shorting opportunities.. Next level to watch - 4H 50% The scenario is cancelled in case if the 1.11 is broken and confirmed. The possibility is that signal won't appear before the Start of the US session.