Cable is sitting on Daily Trend Line and 200 SMA. There is high probability that it will retrace from this level to 100 SMA which equates to FIB level 38.2. RSI is below 30. Use volatility stop loss and TP1 @ 100 SMA. Good Luck!!!
There is opportunity to get Long in EURUSD as the price hit long withstanding support level. RSI reads @ less than 30 indicating over sold condition. High probability of success with good risk to reward ratio. Use volatility stop with TP1 @ 100 SMA level Good Luck!!!
There is significant selling opportunity in GBPAUD. Price brek through support level of 1.95 coupled with Reverse H&S pattern. Sell @ 1.95600. 1st TP @ 1.94932.
Chart patterns on all time frames suggest that the pair in bearish mode. The price broke thorugh significant resistane level but regained to an extent however, technical indicators and price action suggest that the price of EUR will be in bearish mode. Take position around 1.08250 with 1st TP @ 1.07650
Loonie is giving short signal as it just bounced off a significant resistance level and like to fall down to the levels of 1.38. RSI and HMA is supportive of the short reversal.
Aussie do presents Long opportunity as the price broke through falling wedge pattern on both H4 and Daily chart. Significant price movement is expected. Position to be taken around break out from neckline of 0.63638. 1st TP around top DC bar @ 0.65. Please like.
NU is in the bearish mode lately on daily chart as it unable to surpass resistance level @ 0.6130 and break out down from support level @ 0.59400. The price closed below 20 EMA on H4 chart. It may go down to 0.58570 (1st TP level).
Long term (swing) trading opportunity in GBPUSD based on following: - Channel Breakout on downside - Price below 20 HMA - Down trend on weekly and monthly charts Possible entry position around 1.2300 with: TP1 - 1.2247 TP2 - 1.21650
Long opportunity in USDJPY based on following factors: - Channel Breakout - Chart Pattern - Reverse H&S - RSI - Around 50 There is approaching significant resistance level @ 108.000. If prices breaksthrough that, next significant resistance level is @ 108.527. Long position around 107.700 around 12 SMA is advisable as it may act as dynamic support.
There is channel break-out on down side of 20 period. There is also break out from symmeterical triangle. Take Short position @ 0.62831 with TP @ .61950. SL @ .63113.