Technical setup indicating a good entry for short position. We have hit a major resistance, seen lower high/low, and a recent break of trendline.
FYI: This trade hold great political risk due to Brexit.
Disclaimer: Looking to enter a position depending on how the market opens.
Looks like a really good opportunity to go LONG USDJPY?
Even tho there is some risk with high inflation and tradewar in US, there is just fears, and nothing yet that seem to trigger a recession. Earnings are strong, FED will keep raising rates and the economy is growing. Correction will come someday, but that might be in 2019 or 2020. Until then, USDJPY looks like...
The UK Brent seem to have met some resistance from both a horizontal resistance and resistance from downward channel.
T here is a OPEC meeting 25th May to see if they should extent the production cut 9 more months for its members. You should not trade before this meeting , but rather see the development after the meeting.
Bullish sentiments:
- The members +...
Hi all!
I got a very interesting chart for you today on AUDUSD.
There have been a bullish price action from the AUDUSD these last two days and it is now moving towards a resistance, 0.382 fib and resistance from the downward channel. Gotta love combos, right?
I currently have a bullish outlook on USD these days, so I am leaning towards a strong resistance and a...
EURUSD have the last three days formed a bearish price action - Bearish engulfing - on a clear resistance around 1.0520. Together with a very large spike, resistance on the channel and close below 0.382 fib, I am looking for a break of the 1.0350 support and continuation of the down trend.
I took position two days ago on 1.0500 with a SL right above the channel...
Apple is close to a resistance around 118.5 area and have shown some sign of reversal and heading lower.
- Took a short today on 116.14
- First TP 105 and spot next TP if it breaks support.
- SL 119
Took a position two days ago on 9.08 due to bearish price action and resistance on 100day average + 0.382 fib. Got some very bearish candles these last two days confirming the bearish bias with first TP on 8.93 area.
Also hoping for a break of the rectangle and a continuation of the downward channel/trend.
Hi all,
I am currently looking on the daily USDJPY chart that have found support on 61,8 fib, have a bullish price action spike and looking for a structural break.
If the dollar keeps staying strong against EUR and GBP this would be a good potential upside with first TP at 1.618(121)
