If AUDCHF comes back up, I will be entering short at around 0.7077. Price should bounce off several predictive indicators. A previous resistance line, A Trend line, a 0.5 Fib level, a daily pivot point, and the 200 ma on hourly. I will be putting my stop just above 0.71 - a double zero level, Another potential resistance point. I will be putting my stop down at...
Hey guys! Have a triangle forming on GBPJPY EMA is pointing down on 15 mins and turning on 1hr. We have a large collection of resistance forming indicators at 184.500 so I think price will bounce off here and drop down to 184.00 This is where the fun will start. Just below 184 I am picking there is an accumulation of stops, If price penetrates this level these...
Head and shoulders forming on strong resistance Enter at market Stop above the high 185.1 Take profit could be at 184, or half way down. Depending on your own ideas. Not the potential channel forming.
Have had bounce off significant resistance, daily pivot and 200 moving average. I expect this to drop all the way down to 132.600, if not further on fundamental factors. Enter now, suggest taking half profit at 132.700 and trailing the rest. Watch for news! Although there is nothing scheduled till tomorrow.
PRICE should bounce off yesterdays s3 and 50 moving average. Will not be looking for a continuation of the trend. only looking for a short drop down to previous support just below 184. after that, will be looking for a bounce off 236 fib and previous support. Careful for the news!
price has broken the channel, will be looking for an extension from a minor head and shoulders pattern down to the days s2, and the 200 ma and previous support and resistance. Price may stop on todays s1 and reverse there. however I think the head and shoulders formation will push it lower. you can also see long wicks breaking the s1 level. Recommend entering...
Looks like price will decline around 185.25 and then bounce of support caused by todays s1 and yesterdays pivot point and recurring channel. this is also where price turned yesterday. You can see the strong bounce off the pivot point. Things to look out for, are GBP news tonight. Also price may not drop past 185.600, It may bounce off the 200 moving...
Looking for a bounce off todays r1, Yesterdays r3, 38.2 fib retracement all within a reasonably strong channel. Enter on a reversal candle pattern. Trade with caution, there may be news.