Great opportunity here to long Euro -Bull trend -Really strong level of support here at the 0.5 fib retracement -This area is also a previous support level on a number occasions if you look left -Stops just below the 0.618 retracement -Two tweezer tops/spinning tops here where price action is now -This usually means consolidation for a move and I think potential...
Chart says it all: -Broken and closed outisde really strong trend line acting as resistance -Now not making lower lows -Also found support on the monthly key level 1.9900 and 20000 -which is a good psychological number if it hold -Break-retest-enter -Target key level of weekly resistance 2.0400
Made a lot of pips from EJ shorts recently think its time to long -A bit of channel trading here currently -Holding a major monthly key level 126.90 -We have bounced of this level previously. -We have a selection of rejection here shown with long wicks -Also a "double bottom" we broke slightly lower but its the close we look at.
I think we may have finished retracing for now and heading down. -I want a break and close below the 4h trend-line in blue here -Coincides with fib 0.618 retracement -ABCD Structure in play -We just bumped our heads on major monthly resistance of 1.4000 and held below -A lot of long wicks around the 1.4000 too -Targets as shown -Another reason why we could be...
Were in a bullish trend here :) -This daily trendline has held for our last EA Long so I think it will hold again -ABCD Structure -FIB on here from most recent A to B wave watching the 0.618 as usual -There is some AUD news coming out later this evening to bare in mind if we get it. -So I'm looking for a good amount of rejection...some long wicks and reversal to...
-IM STILL BULLISH ON THIS PAIR AT THE MOMENT -FIB 0.618 MAGIC RETRACEMENT IS THE AREA I WANT TO HOLD TO SECURE A LONG -A B C D STRUCTURE HERE -THE NARROW BLUE BOX YOU CAN SEE IS A KEY LEVEL HAVING BEEN STRONG RES NOW SUPPORT -FIRST TARGET WILL BE WEEKLY RES 1.4760 IF THESE ARE HIT WILL TAKE PARTIAL PROFITS AND THE NEXT TARGET WILL BE FIB LEVELS.
-BULLISH HERE -ABCD STRUCTURE IN PLAY -WEEKLY SUP HELD -0.618 FIB HELD -UPTREND
LONG EURO -TARGETS POINTED OUT -BULLISH HERE -ABC AND D IN PLAY -BOUNCE OFF FIB 0.618 RETRACEMENT -STRUGGLED RECENTELY IN A RANGE WHILST FINDING TREND
-WE HAVE HIT A MAJOR MONTHLY SUPPORT LEVEL HERE -PROVIDING WE HOLD SUPPORT THIS COULD BE THE OUTCOME.. -THIS IS A GREAT RISK TO REWARD TRADE -FOR A REVERSAL OR EVEN JUST A RETRACEMENT 0.618 AREA -STOPS AS SHOWN -THE POSSIBLE "C" AREA IS A KEY LEVEL OF RESISTANCE SO WE EITHER BUMP OUT HEADS ON IT THEN INTO SHORT TRADE OR BREAK THROUGH. -IF WE HIT RES AND TURN...
USDCAD LONG -BREAK OF TRENDLINE AND CLOSE ON 1H -MA CROSSED TO UPSIDE 1H 2H -HIT A MAJOR MONTHLY SUPPORT 1.4000 -THS LEVEL HELD AS SUPPORT -TARGET WEEKLY RES 1.4280
-3RD BOUNCE OF TRENDLINE -ABC AND D STRUCTURE -BOUNCED OF 0.618 RETRACEMENT PERFECTLY -BULLISH OUTLOOK HERE -GOOD LUCK -TARGET TO MAKE NEW HIGHER HIGH -FIB LEVELS TARGETS
THE MAIN AREA WE ARE FOCUSING ON IS THE RED CIRCLE AREA, COULD BE BEFORE COULD BE AFTER -ABC AND D STRUCTURE POTENTIALLY IN PLAY -THIS LINES UP PERFECTLY WITH MAJOR MONTHLY SUPPORT -FIB 0.618 RETRACEMENT -TARGETS WILL BE FIB LEVELS
THIS AREA IS MY MAIN FOCUS HERE -STRUCTURE TRADE I WILL BE WATCHING PA CLOSELY -POTENITIAL REVERSAL ZONE FOR MORE DOWNSIDE OR MAYBE A RETRACE -BUT BEAR IN MINE WE HAVE HAD A MASSIVE BEARISH MOVE -THIS COULD ME MORE DOWNSIDE OR TIME FOR A RETRACE
EURUSD LONG -BULLISH AT THE MOMENT -WE ARE RETRACING CURRENTLY DOWN TO A MAJOR KEY LEVEL IN THE DARK BLUE/PURPLE BOX -WERE I WILL AWAIT TO SEE THE CORRECT SIGNS OF REVERSAL TO LONG -ABC AND D TO BE MADE -THIS KEY LEVEL IS BANG ON WITH FIB 0.618 RETRACEMENT -TARGET WILL BE FIB LIVE 0.27 VERY CLOSE TO WEEKLY RES OF 1.1000
TL BEEN RESPECTED HERE -WE COULD SEE A BOUNCE HERE -I FAVOUR THE SHORT GBPUSD -MAS STILL DOWN -WE BROKE MONTHLY KEY LEVEL 1.5000 -I THINK WE ARE GOING LOWER -THIS RED CIRLCE WOULD ALSO COINCIDE WITH THE 0.618 RETRACEMENT. -A,B,C AND D TARGET ZONES AS SHOWN -TARGET 1 1.4775 COUPLE OF POINTS TO BEAR IN MIND: -A BREAK OF THE TL AND CLOSE ON DAILY TIMEFRAME COULD...
REVERSAL AREA FOR FURTHER BEARISH MOVEMENT ON 2H -BEARISH TREND -RETRACEMENT TO .5 TO THE T -ABC DOWN TO MAKE D -ALSO SHOWS WE BROKE KEY MONTHLY LEVEL AND NOW ITS RES 2.0900
-VERY BEARISH ON THIS PAIR. RED CANDLE CLOSE ON ALL TIMEFRAMES -MA ARE DOWN -BIG DAILY BEARISH ENGULFING -WE BROKE THROUGH AND CLOSED UNDER THE TRENDLINE DRAWN ON. -WHAT I WILL SAY IS THAT WE DIDNT ACTUALLY CLOSE AS A NEW LOWER LOWER. -SO WE COULD SEE SOME SORT OF SLIGHT RETRACEMENT. -WE ARE APPROACHING ANOTHER MAJOR MONTHLY KEY LEVEL OF RESISTANCE 1.500 -I THINK...
AUSSIE SHORT -3RD BOUNCE OFF TRENDLINE -BUMPED ITS HEAD ON MAJOR WEEKLY KEY LEVEL 0.7260 -MAKING LOWER HIGHS AND LOWER LOWS -FIB 0.618 HELD -A,B,C AND D -MA CROSSING OVER 4H TO THE DOWNSIDE -TARGET 1: 0.71120