Marenno

Marenno

The price is still moving towards the 1M historical Low target, however, the price can U-turn at 1.4890 area, so be careful. Short Opportunity review: Sell Stop Order at 1.49050 Target: 1.48250 Stop Loss: 1.4940 I suggest to use a “timing” stop (Close if the price will not go in your direction within 3 bars (as an example), all depends on your trading strategy)

Marenno

The price is still moving up towards the Triangle's target, however, the price stuck around 1hr local high at 121.605 area, so be careful. Target: 121.90 Target2: 124.00 Stop Loss:<121.40

Marenno

Trading Idea Short Entry Sell Limit order at 1.0625 Target: 1st at 1.0550; (1.0500), in a mid term the pair is going down to parity) Stop Loss: > 1.0650 Sell Stop Order at 1.0560 Target: (1.0500), in a mid term the pair is going down to parity) Stop Loss> 1.0625

Marenno

Trading Idea (in case of a Triangle break, as ABC pattern failed) Short Entry Sell Stop order at 1.5025 Target: 1.4950 Stop Loss: 1.5100 I suggest also use a timing stop loss, in case, if the price will not continue to go down after a level break in 8 hours, jst close the position. The move is possible, as the price didn't have enough momentum to go up, and In...

Marenno

GBPJPY is showing a Selling signal at the moment, Short entry with short stop got a good potential Target 1 - 182.300 Target 2 - 181.500 Stop Loss Above - 183.100

Marenno

Due to QE, the EUR is going down, the major level for EURGBP is 0.6700, where the price can get to, but however, no one has cancelled a use of SL's. Sell Stop Set UP (short term) - 0.70600, SL above 0.70800 Target 0.7000 Sell Limit at 0.70875 Target 1 - 0.7050, Target 2 - 0.7000

Marenno

Due to USD Strength and longer term trend, the possibility of the Upward continuation are high. The set-up for the Long entry Short term: Buy Limit - 120.80; SL<120.60; TP1 = 121.50; TP2=121.20 Buy Stop - 121.50; SL<121.00; TP = 122.00

Marenno

The price has formed ABC pattern, it will be confirmed when B level is broken. The long entry with good potential (offcource depending on political and economical background). Stop Loss below 1.5025, Target1 1.5200, Target2 1.5300

Marenno

The major move is down, at the moment the price is at 130.1589 level In case if the level is broken, down move continuation is possible, 1st main target is at 1.618% daily Fibonacci expansion 126.000 Stop loss above 132.000

Marenno

Price is at 0.7125 Monthly support area. In case if this level will be broken, the price will continue it's movement towards south. At the moment there is no bullish patterns, but in case if appears - Long Entry, SL<0.7100, TGT1=0.7175, TGT2=0.7250.

Marenno

In case if the 4h candle will close like it is at the moment, we can try to sell with a target at 121.00 area and short stop loss above 122.00 area. the major trend is UP, so it's always "tricky" to trade against it, do not really recommend. But, we have a double top pattern on 15min chart, and history shows that scenarios like this are happening.

Marenno

The price has broken a Monthly Resistance -> Support 120.750 area. 1st Target for this move is 123.250, 2nd target for this move is 124.750 SL Below 120 No shorting oportunities on a daily chart, look for continuation set-ups on intra-day charts.

Marenno

As the price has bounced of a daily channel, the possibility is, that the weekly support - 0.7250 area break is likely to happen. I suggest, Sell Limit, after a breakdown, as shown in scenario 1, SL above 0.7350 (I suggest to trail, and use a "timing" stop also) 1st Target at 0.7000

Marenno

The price has formed a "congestion at the key resistance area (short term). In case if the price is bouncing of 184.00 area, Target is 181.500 Breakdown will open the way to 180.000 Area. Stop Loss at the moment above 184.00

Marenno

The price currently at the very important balance level 1M TF Resistance level, with a 1D resistance Level is giving us a strong Reversal 183.750-184.500 area. The price doesn't show any reversal Patterns at the moment, however, Normaly the price is not slowing down in the 183.500 area, when it slows, it does give us a potential reversal scenario. Wait for a...

Marenno

Yesterday's close once again confirmed EUR weakness. Offcourse some of the traders are experiencing discomfort with not being in it :) As far as I can see, the price is showing us a 1H weak reversal signal (do not use it) which is giving us a possibility to sell by a better price. Sell Levels: 1.0825 1.0900 SL > 1.0900 (maximum, in case of 1.0825 Bouncing -...

Marenno

At the moment the price doesn't show any reversal patterns. Use Intraday Price action to trade, continuation of a down move for today is likely.

Marenno

The Price is at the very strong support area. The bounce of this area is highly possible mid-long term . In case on a "Bounce" Scenario - the 1st target will be at Weekly 0.7750 resistance area. The break towards down is also possible, but have to be confirmed with a price action,