EURJPY With price action back below the 200 day ema after another lower high established we can expect prices to retreat in line with previous set ups. In the analysis we must trust.
Has the sanctions story run out of steam???? After a strong run we see crude back down to 76.00 level as momentum also turns bearish.
See support hold and new bullish momentum kick in after a new trend break, we see higher prices during the next few sessions. Keep proactive with trade management as markets are lively at the moment. First level higher is at the 200 day ema at 43035 then resistance at 43356. Trade busts if price fall below 41618 support level.
Check out the analysis and how solid this chart structure is. After a pullback to lower equidistant downtrend support we see prices moving higher. Play these types of structures as can yield good positive results.
We take a long trade as equidistant bullish channels supports as new MACD bullish momentum comes into play. Always be careful not to over commit capital and be proactive with your trade management. Best practise at all times.
Following our FX FTM strategy we see the FTSE heading lower to 7300/7250 level. Lots of macro data supporting the view for lower equites at the moment. Keep strict with your risk applications and proactive with your trade management.
Following on from todays analysis this pair has triggered a short at 1.66337 level.
Solid support and trend break so we have taken a long with a 2:1 risk reward ratio.
Nice trend break from highs as we see some JPY strength after recent weakness. Question is does the BOJ intervene.......they did last September around this level.
Lets play the repetitive pattern here and take a long at 158.125 level S/L 156.990 T/P 159.420. Keep sensible with your trade risk allocation.
Following US inflation numbers our long has been triggered. On a momentum basis we think prices will head back to 23.500 level from current 22.920 level.
Trade Analysis: Bearish Risk: 1% Timeframe: H4 Entry: 78.71 Level Crude following the stock markets after Fitch downgrade hits home. Technically a nice trend break with negative momentum as we look for prices to head back down to $75 and potentially lower. Updates daily in the VIP group chat.
After solid inflation numbers early on this morning GBP is as they say ’flip flopping’. We favour a push lower and have put in a sell stop at 2.06300 level S/L 2.07880 T/P 2.04000.
We see support at the 200 day ema bullish as momentum turns positive. No need to over complicate it!
We see a short opportunity as price action retracts from recent high levels. Momentum also adding additional confluence by turning bearish.
We have a clear upside break where we are happy to take a long with further upside propulsion expected.
We a short trade on the daily timeframe and with all the uncertainty in the banking sector further downside could ensue.
We highlight old resistance acting now as new support! With 200 day ema support holding and new bullish momentum kicking in we are confident to take a long trade as prices move higher. Updates daily in the VIP group chat.