since breaking and retesting the long term uptrend (yellow tl) UJ is forming a potential HnS 114.1 has been a level to beat since it served as resistance on the left shoulder now the blue arrow serves as my guideline to decide if i'll go long or short on UJ i would love to see a retest of the green tl above 114.61 on a break maybe a retest of the long term yellow...
i'm showing a daily compressed chart without trendlines showing GA has been on an S/R zone for quite a while now,.....this weeks economic and financial data might push it either way...... longer term i see 1.50 or 1.70 as targets out of this,.... my bias is long but seen the ground to be covered towards the targets there will be planty f time to enter or we stay...
looking at a very large inverted HnS, shoulder tops have been tested at 114 ish left and right, sitting on top of a channel since the start of december 2016, for now confluence if you will with an S/R zone this is a compressed daily chart so there will be enough time to get confirmation on the long or to withstand a possible false break of the channel top that...
AU has been stubbornly strong and respectfull of levels and trendlines at the same time my bias is to see AU at 0.775 AU hes the tendency to break quite hard out of a range or trend (circles) as it has respected the underlying support aruond 0.7615 when it had the chance to break and did not, i expect it to go and probably break the other way room enough to the...
H4 chart, GJ has been consolidating for 'enough' H4 bars under the green channel top if/when we break to the upside there are a couple of 100 pips to be had now that brexit has finally passed through parliament could be the trade to pyramid longs all the way to first target 145 small longs atm just under 140.50,.. not the best of entries
no position, nor bias on my side but 1.0810 is my level to watch as long term S/R zone current US administration definitely does not seek parity fundamentally on the other side "Greece and others" seemm to be playing up again purely technical to me,... if/when it breaks 1.40+ is on option as well as 1.2000 higher up as only level available in this era,... all is...
at some point this has to leave the wedge uncanning distance kiwi has covered against the euro since the financial crisis anyway,.. compressed daily chart so this could take a while.... ;-)
NJ has been flirting with thie long term S/R level just above 0.83 my bias is short because of bearish RSI divergence, double top, S/R zone there are a couple of 100 pips on both sides of this level if momentum can take hold,... could result in a "set and forget" trade
GJ retested the green channel top, maybe on it's way to 150 GU has a minor retest as well, so looking at how that will evolve,... i'm cutting UJ shorts
GN is falling on a long term S/R zone again will be looking for further PA before taking a long position initially that will be small to build upon if/when the trade proves positive
UJ big HnS forming? my trading plan was to reverse when 114.61 was hit from the blue channel breakout,.... it went on to visit the level above the is a nice H1 bearish engulfing candle forming atm i'm short from114.854, sl at breakeven target below 112
EA wedge is tightening further opened a long position at 1.4100 RR is good here since the place of an sl is quite clear,... i will use some 30 pips first target ,... top of wedge
i previously posted on GN now there has been a long accumulation under the brexit low which was the all time low too we are currently trying to get over if/when it does a lot of pips above,.... could be your set and forget trade for 2017
Euro news out about an hour ago,.... falling euro failing to put in a new low on EA very nice mirrored formation here i have longs running from 1.42706 average,...will try and build if/when it tries to tag the yellow descending tl again will look for furter PA then first target 1.44 then 1.4450 above the way is open for way more pips imho
breaking the yellow tl can take GU to 1.3xxx the pair has been gathering strenght for some time now first stop 1.266xxx for now the blue tl serves as (short term) support and if/when that line is broken to the downside the trade is invalid
interesting development on EN,... the longer it continues the higher the profits could be,... waiting for the break could take a while but since we are leaning on longer term lows i need those to hold no position yet, bias long
there could be a nice retrace on GA well below 1.68 short from1.6960 at the moment looking to add longs
keeping to it's green channel so far and sitting on a S/R level it failed to push to a new low (arrow) again if a new low (and thus greenchannel and blue tl broken) setup is invalid longs will be small and gradual