Long - A break above this channel and the recent higher low could instantly signify a minor change in direction due to low momentum etc.. Short -Break below the recent lower lower would be a sign that we are going to continue to ray down.
We have currently broken through our major channel, retested and then gone short again. We have had an inisde bars also on the higher time frames signifying a change in direction. Lastly we have failed to continue to make HH's and LW's and for that reason I am going short with the GbPUSD. Feel Free to comment and ask any questions. Thanks
We are having are breaking yesterday hight h which is currently held as resistance support level and I'm expecting it to rally up 50pips. A break above yesterdays high which is 0.76253 and a traducement will be confirm later down the line that we are definitely heading in the right direction which is long. 1:1 but I will be adding a second position which will...
I've broken down the GBPUSD and based of my technical analysis I am deciding to go long for a 1:3 risk reward. We are having a Retracement of Yesterday high which is currently testing as a support level and I'm expecting it to rally up 150pips. A break above yesterdays high which is 1.4490 will be confirm later down the line that we are definitely heading in the...
I've broken down the AUDUSD and I've come to a conclusion that two things could possibly happen. We currently have a decent support zone at around 0.7600 which has been tested twice wile rallying up to our resistance of .07667 which has proven to be a major key level historically. We have also broken our official parallel channel a which is giving us a sign of a...
Based of the 4hourly and working my way down, we have overal in a bearish trend providing HH's HL's. A retest back our Key level of 1.09046 and a break above could be a sign of potential change in trend.
We are overall Bearish on the EURUSD how I have spotted that we are looking to break key level of 1.09378. If we can break this resistance retest this level I will be looking to go long for no more than 28 pips. Take in mind this potential long may be a back for the overall trend which is bearish.
Currently looking to short theAUDUSD as a intraday trade so I wont be in theposition for longer than a few hours. My reason for wanting to short this pair is simply because that we have failed to create new HLS AND HHS plus we have be ranging for the past hour with a decent support and resistance. We have also broke our parrel channel and this a indication to me...
Currently looking to short the EURGBP as a intraday trade so I wont bein position for longer than a few hours. My reason for wanting to short this pair is simply we have hit a decent resistance which we have retraced from but we are currently hold at a price which has held as support. We are also failing to make new higher highs so this is a small indiciation...