strong reaction off each time this pair touches the support zone selling pressure appears weak
Price failed to make significant rally higher Price below support zone Support zone turned into resistance zone
Euro remains bearish and Dollar remains bullish Short on retest of resistance zone and currently holding up
Breaking below daily and hourly resistance Dollar remains bullish
Bullish sign off Relative Strength Indicator play through 49.5 index break above.
Lackluster U.S. annualized GDP growth Trump risks continues with latest immigration ban Pair currently testing supply zone and holding up Dollar correlation with USDJPY sold off
Double top neckline break for bearish stance on USDJPY
Simple short trade as price breaks lower and does a quick retest in expectations of riding lower.
Currently covering of last session's shorting on ECB coverage. If the 122.04~ price level holds up, it will mark fresh short entries.
EURUSD makes another continuation breakout providing another entry opportunity from a combined effort of Euro longs and U.S. Dollar long position covers.
Targeting just above the 50% Fibonacci retracement for take profit on a breakout short trade setup.
NZDUSD returns Italian referendum losses. Further rally beyond this point represents fresh positions especially exits of U.S. Dollar long positions.
1.8:1 Reward to Risk Ratio Short-term supply zone
Two demand zones waiting to be tested Supply zone retested and weak pullback
Second "shoulder" finishing off Short entry on neckline breakdown
Hourly supply zone tested, but weakening First Fibonacci level retracement tested and possibly holding
Trade Setup: Scalp Short - R/R Ratio: 1.8 - Trend: Down ForexReloaded.com