Beginning of last week EURUSD had a strong consolidation and this is an indication of slowing down in selling volumes. Besides, this strong consolidation had put an end to the non-volatile downtrend in EURUSD since middle of April 2018. Thus, I'm gonna expecting more and more counter trend parties gonna join into the market and a short term counter trend trade...
EURUSD had a strong rebound & it has pullback to a supply Zone. Looking to short near 1.1990 - 1.2030 supply zone with a stop @ 1.2080 and targeting 1.1760 area.
**This is not an investment advice.
EURUSD last week was showing a strong upwards movement at the beginning of the week, a strong support was found at the 1.2310 region and thus EURUSD managed to rise again at the beginning of this week (16/4/2018). However, a quite stop at 1.2410 region and EURUSD start to move sideways by then, a strong indication of buying power had been consumed.
With the...
Looking at USDCAD H4 Chart, clearly it's been a strong downtrend for few weeks and created a 8-weeks low at 1.25249. Beginning of last week USDCAD was clearly showing a strong selling volumes control over the market and the momentum stopped by 11/4/2018 and over here I would assume that most of the selling volume had TP.
Thus, with the information that I have...
AUDUSD overall looking sideways and thus I would like to trigger a long position near 0.7580 (Support & SnD-D1) with a stop around 0.7525 region and targeting the short term resistance near 0.7660 region.
As long as AUDUSD trade below 0.7770, I would consider AUDUSD sideways and gonna short at the top unless 0.7800 got taken out.
GBPUSD Looking to long near the support region around 1.2405 (Role Reversal & S&D) with a stop around 1.2310 region and targeting 1.2720 region.
However, if the market could go lower than my 1.2300 support region, MT bullish will negated and I will look for ST short instead.
EURUSD H4 Chart looking bullish as H4 SND formed & EMA 20 & 50 haven't showed a sign of slow down in bullish momentum. Thus, I'm long in EURUSD and planning to trigger a long position around 1.0770 region with a stop around 1.0710 region & targeting 1.0850 region.
Looking at the AUDUSD D1 chart, I'm MT bearish bias where I'm gonna short this pair when it comes to my resistance & SND region between 0.7600 - 0.7650.
EURUSD'S D1 & H4 ARE MT BEARISH BIAS TO ME. I HAVE A PENDING SHORT NEAR 1.0590 WITH A STOP@ 1.0670 AND TARGETING 1.0480 REGION.
HOWEVER, IF EURUSD COULD GO HIGHER THAN 1.0670 AND STAY, MY MT BEARISH BIAS WOULD BE NEGATED.
Resistance cabe found near the 0.7210 region and this zone play a role as my SND as well. Any chances that the market come to the blue box region, I would short with a stop near 0.7240. If the market close higher that 0.7240 with a strong upward shaved bar, my MT Bearish Bias would be negated.
As long as XAUUSD traded below 1235.00, I would continue to hold the short position. A break above this zone with strong shaved bar will negate my idea.
Last week my trading bias on NZDUSD was bearish bias and my short was triggered. However, I closed it on 20/2/2017 (Monday) due to the Counter Trend Impulsive (Yellow Circle) formed last week. Today, my trading bias on NZDUSD H4 chart is MT Bullish Bias and I'm gonna long this pair at near my support & SND (Blue Box).
However, a strong break lower than 0.7120...
LOOKING AT THE USDCHF D1 CHART, I'M MT BULLISH BIAS AS HIGHER HIGH & HIGHER LOW ON SIGHT. BESIDES, EMA 20 & 50 PLAY ROLE AS MY SUPPORT AS WELL. THUS, MY USDCHF LONG POSITION TRIGGERED ON 1.0030 WITH A STOP AROUND 0.9960 AND TARGETING 1.0230 REGION.
HOWEVER, IF USDCHF COULD DROP LOWER THAN 0.9950 REGION WITH A STRONG SHAVED BAR, IT WOULD NEGATE MY MT BULLISH BIAS...
XAUUSD been going sideways since beginning of the week, a strong rejection from 1240.00 region. SND & Support found near the 1215.00 region. A volatile sideways trend, thus, preferably to short near the top and targeting the 1215.00 region.
