hpis44

hpis44

EURUSD keeps declining driven by its short term resistance line (drawn red on chart). In view of this I establish a short entry setup right at the 50% FIBO retracement of 29/7 (1.10784) and yesterday's low of 1.0882. The idea is well backed up by the fact that price is well below the 100 hour simple moving avg. Sell limit @ 1.0980/85 SL is placed right above the...

hpis44

Hello everyone ! Seems aussie is moving in a downward channel since mid May. I expect the price catches its bottom of this channel around 29-30 July, from where I expect a violent rebound up to the marked 38.2 % FIBO retracement (0.7740) of 1-July high and projected 29-July low. So here is the anticipated deal: BUY LIMIT @ 0.7065/70 - VALID UNTIL 8-Aug 23.00...

hpis44

Hard to find out which way next from this level. I think the price could move as drawn by the three white arrows, but would not rule out a deeper correction back to right the channel support, before it continues its uptrend driven by the ascending channel.

hpis44

Seems Gold is VERY VERY CLOSE to its bottom, hitting its long term support level near 1090 today. Looking back on the daily chart we might find that long term support held firmly and prooved to be a good barrier limiting any more downside pressure. Hoping that this support level will not let us down in this case too, I go long right here aiming the 38.2 and the 50...

hpis44

Euro seems finally found its bottom (near term) against the dollar and showed a big correction move to the up. Assuming that the corrrection is not yet over, I place two pending orders as shown on the chart. As You might see we still have a lot of space to the upside until price reaches its medium term resistance line. So, buy orders are placed right at FIBO 38.2%...

hpis44

BEARISH ABCD PATTERN CALLS FOR AN IMMINENT RETRACE

hpis44

Bearish ABCD pattern appeared on USDCHF 60 min. chart. Short @ 0.9582 Target - 0.94559 Stop - 0.96427 I guess the trade will take a few days to work out.

hpis44

Bitcoin/Dollar seems well supported and is estimated to get back to the 295-300 area as to FIBO retracement levels. Chance to break down the 275 support level seems limited at the moment. Going long here with stoploss around 270 is to be considered.

hpis44

I WOULD BUY IT AS LONG AS THE SUPPORT (GREEN) HOLDS. THERE IS ROOM TO THE UPSIDE UNTIL THE RESISTANCE (RED) LINE.

hpis44

Cable seems overbought on shorter timeframes and is worth a short setup try. Risk lies at daily R1 pivot 1.5699, target is 1.5550. This setup recommends to enter the trade at any price beetween 1.5635 - 1.5670

hpis44

I'm expecting the sterling to depreciate a bit more in a downward channel - and a strong rebouund from the channel bottom to the opposite boundary will probably follow. In view of this I place a pending order (buy limit) as shown on the chart .

hpis44

Seems to me Euro has broken up its hourly resistance line. It is well worth a trade in my eyes. SL is tight, target is a bit challanging, but... Another effect also plays this scenario - namely the market counter effect. When everyone is short, a surprise like this can easily happen. GOOD LUCK ALL !!

hpis44

Loonie 240 min chart draws into our attention a well confirmed short entry possibility

hpis44

Dollar Yen is still trending to the upside and seems to be supported by a rising trendline so far (marked green) Beleiving the trend is not yet exhausted completly I think a long setup is worth as drawn on the chart. Stoploss is set exactly at 30.June low. Target here is the near term resistance line around 123.90 - 124.10. From the other side it starts being...

hpis44

An ABCD bearish triangle pattern is coming to complete soon on EURUSD 4H chart. This one is in harmony with my related EURUSD bearish idea. We should not forget we have a big fundamental event this weekend (greek poll on debt crisis) that can easily diminish all our technical point of view. In other words anything can happen to the price when monday market opens.

hpis44

EURUSD is at a key support level again and also moving in a wide and wilde downward channel. These are suggesting the most probable next move to the south until the next remarkable support level @ 1.0820/30. On the other hand In any case the key sporrt would hold temporarily then price could climb back until the channel's upper barrier where I would definitely...

hpis44

EURUSD provides a nice looking short entry possibility on its 15 min chart in a well defined downtrend channel. I know 15 min. charts are not strong trend but I think it is worth a try with a fair risk to reward ratio. So here is the deal: short entry (sell limit) @ 1.1100 two positions SL - 1.1130 TP1 - 1.1055 TP2 - 1.1005

hpis44

I guess EURUSD keeps maintaining its fresh bearish bias as long as the price remains in the FIBO speed resistance circles (red area). Also interesting to see how it is stuck in a range of roughly 1.1160 and 1.1230, but I still beleive that it would not close above 1.1230 on daily basis and soon the 1.1160/50 level will be broken down.