forex_meister

forex_meister

Gold bullish run seems to be over and price action indicates overbought conditions. Expecting a momentum shift and gold price to turn bearish. Entering a sell from 1500 and targeting a take profit level of 1450

forex_meister

After a significant bull run, EURAUD has run out of steam and hit a ceiling after being overbought. Entering a short and aiming to take profit as indicated on the chart. Happy trading

forex_meister

AUDUSD founding support around 1.6750 levels and are in oversold conditions. Entering a buy from 1.6750 and aiming to take profit at 1.6950. SL at 1.6700

forex_meister

After significant bearish movement, the bulls are ready to make a comeback. Price are supported by descending support line and price action indicates oversold conditions. Entering a long with TP of 1.2300. SL 1.2000 Happy trading

forex_meister

EURZAR being rejected by descending resistance line at 16.80 Looking for a TP around 15.80 Happy trading.

forex_meister

After breaking down below support line a few days ago, the pair has now reached support again. Expecting a bounce from here upwards.

forex_meister

After the FED's rate cut USD turned bullish resulting in Gold breaking down below the support level at 1413. Further downside is expected to around 1376 after the 1400 support level has been broken Happy trading

forex_meister

Gold has broken the ascending bottom trend line but are currently trading at previous support (see bottoms of the previous daily candles in the blue block). We will be waiting until the next daily candle, should this open above the red ascending trend line we will go long.

forex_meister

This is the weekly USDCHF chart - the line is the monthly and weekly resistance line. Can history repeat itself ? Also have a look at the daily chart RSI.....interesting

forex_meister

The declining trendline as indicated has only been broken once. The pair has been forming lower highs from the 121.80/122 levels in Dec. To me the pair is running out of steam and a selloff will occur. The pair is also forming a triangle and a break to the downside can open the possibility for a trend reversal.

forex_meister

USDJPY is hitting the top end of the cloud on a daily chart once again. Going short here.

forex_meister

USDCHF have been trapped in a triangular form as in the chart. I believe the pair is in for a bounce upward and breaking resistance of 0.9300 could open the way to TP of 0.9700, bottom end of the cloud on the daily chart. Happy trading

forex_meister

Following my trade of yesterday which resulted in a 100 pip profit, I'm not adding another short. On the 4H chart current price is below the tenkan sen, RSI is going down, along with good USD data and bad german inflation data, going short at 1.1315. SL is at 1.1400 with TP at 111.30 Happy trading!

forex_meister

After making new lows, the pair is still in a bearish channel. I believe retracement has completed and will now continue lower. Going short at 1.1375, stop loss at 1.1425 (50 pips). TP at 1.1150

forex_meister

EURUSD has been trapped in a downward trend for a long time. Currently on the 4H chart its hitting the trendline and also the bottom end of cloud. My view is to go short @ 1.2470, SL 1.25 and TP 1.2370

forex_meister

USDJPY is in my view still in a bearish trend after hitting major resistance at 110. Currently USDJPY is fighting the 200EMA & 55 EMA trendline at 108.93 with fibonacci resistance at 109. NFP will be published in 2 hours, which would see some profit taking and push this pair down even lower. Target point will be 106.80

forex_meister

Waiting to see if trendline will hold up - if so, going long. If not....staying out.

forex_meister

AUDUSD hitting resistance and 55 EMA trendline. RSI at 68 and turning south. Shorting AUDUSD and taking profit @ 88.65