PA-FX

PA-FX Updated 

GBPUSD been trading down since we reached the 200 weekly MA. The move started by a weekly bearish engulfing candle followed by a strong bearish continuation. Today the pair broke support and now trading below the weekly major range and below MS1. The Daily TF show the broken structure better and that the ascending channel is broken as well. We should keep selling...

PA-FX Updated 

EURGBP is now at major support, where we do have the bottom of that channel and MS1. The down potential is huge if we get a break below that MS1 support area. I will be looking for break and retest before shorting. Do not forget it is still a major support and we basically we should be looking for buy opportunities here. But for me i am only interested to short...

PA-FX Updated 

EURUSD is approaching a good fibo cluster where we do have both 61,8 from the last down leg and 38,2 from the all time high on EUR. At that same level we do have a possible descending TL that need a third touch confirmation. Will the EUR give a damn about those technicals with this great momentum going on? Well it is worth looking at it and see if we get any...

PA-FX Updated 

Now NZDUSD is testing an important and possible PRZ level where we also have the MR1 pivot. 4H TF showing bearish divergence.

PA-FX Updated 

Gold is on it's way to test the 1260 level that been defended very well in the past. At that same level we do have the monthly S1 pivot and the daily 200 EMA. That is also the bottom of the range that gold been trading in for a while. we may see a bounce from this level.

PA-FX Updated 

Oil just completed an AB=CD move at a very important PRZ. WE do have bearish divergence on the RSI already and i am expecting a possible reversal at this level. Look for clear bearish evidence since it is a counter trend trade

PA-FX Updated 

NZDUSD been in dump mode for a while now, and we are getting closer to important support level. we also have a possible AB=CD completion at that level. looking for possible reversal.

PA-FX Updated 

Gold getting closer to a very good PRZ. At that level we have previous structure support, we also have Fib cluster 61,8 and 38,2, we also have possible completion of AB=CD at 1,618 fib extension.

PA-FX Updated 

UJ broke the down channel, making higher high and higher low on 4H. On daily we have a strong reversal signal, Morning star formation at a good support level and the kiss of the daily 200 MA. Now price is at resistance, and we have bearish hidden Div on RSI, that level may give UJ a bounce down and that possible correction may give you a 2618 trade long.

PA-FX Updated 

AUDNZD broke structure and made new high. Looking for possible continuation, if we get a correction and retest of the broken structure. We have already bearish div. on RSI which make me think that we may see that correction early next week.

PA-FX Updated 

EURAUD is in a bullish trend, and we have a retest of broken structure. I am looking for bullish evidence at 1,4950 area for a long trade, or a break of the counter TL, can also be a good trigger.

PA-FX Updated 

Is it time for Gold to take some rest and correct back up now?

PA-FX Updated 

EURJPY made another test to break support, no lower low, and making an inverted H&S att good support level with two bullish engulfing now.

PA-FX Updated 

Gold just reached a good resistance level where we may see a bounce down. We also have another level a bit higher that look even more stronger as resistance.

PA-FX Updated 

CADJPY broke the down trend short term and may give us a possible 2618 trade.

PA-FX Updated 

EURUSD completing and AB=CD move at a good resistance level and a 1,618 fib extension. Possible bounce down from that level.

PA-FX Updated 

Dxy completed an AB=CD on the daily last week, and looks like it may giving us a possible reversal and a correction up, after breaking the neckline on the 1H as you see in the chart! Like if you agree, support and follow :)

PA-FX Updated 

AUDUSD couldn't make new high today. The rest is in the chart :)