just a quick breakdown of usdcad, probably looking for some strong bullish momentum to come, MA is showing signs of bullish movement also the RSI is pretty neutral so this is a pair ill be watching to see for any setups
so i have now entered a short trade on GU following from my recent post waiting for confirmation for a trade. still looking to hit the circled area
Here is a possible setup for EU if we see it bounce of the bottom support line we could see price retrace and consolidate again but we may also see the price go back up and smash straight through the 1.6800 resistance line. so keep an eye out for some bullish behaviour around the 5750 area.
my chart breakdowns GU and with what im heading for is some downwards action if we see the MA's cross and see any form of rejection from the res at 1.26000. keep an eye out for the 61.8 fib level around the 1.2300 thats where it could be heading
possible short oppurtunity opening up on the eu pair, bounced of the trend line and close to the resistant zone so we may seen some downwards movement.
here we have a breakdown of ej on the 4 hour chart, sitting just above a support level (119.6100) so we could possibly see the 50.00 fib level
long position opened on gu should see price hit the 2600 level
done a quick breakdown of eurusd and can see on the 4 hour chart we're in a downtrend. if we bounce of the trend line again i will be going short but if it breaks out i will be looking for the 1.0713 level. Also the rsi is pretty neutral 33 but its very low so we may possible see some bullish action
as you can see from the 4 hour chart we have a bullish pennant that has formed and broke out nicely, this is a clear indicator that the it is more than likely going to go up, the size of the next move is going to be approximately the height of the formation, Usually, the height of the earlier move (also known as the mast) is used to estimate the size of the...
if we see the hourly candle close above the 61.8 fib level and make a confirmation that it has broke that level then im expecting to see price steadily go up to 23.6/122.200 area have an order set at 120.900, good risk/reward on this one if it plays out to my plan. also been in an uptrend since yesterday (hourly chart)
if we see the daily candle close below 38.0 fib level then i will be shorting just for the fact the 38.0 level has been a strong support since yesterday after being pierced 3 times
as you can see yesterday it broke the ascending trend line and struggling to close under the 38.0 fib and the support level of 6400, the at mid day yesterday price shot up hitting the 23.6 fib level and taking a dive back down
potential short setup could occur. if we see bearish candle close below the trend line then we could be on for a short but to make sure we dont get caught out by a fake out then wait for candle to break past the 1.06400 support level and we sell at 1.06300. good risk reward trade on this one if the plan goes together. looking to hit the 618 fib level.
i have taken this short position purely because we have recently tested a previous resistance level and also i think that price will take a downwards leap down to the 380 retracement level due to the fact thats where we saw all the volatility from last nights trump speech
my recent analysis played out beautiful but unfortunately i missed my entry point so now i am currently long as i have been from the start with my target set to the 236 fib level at a price of 0.74325
this is a long position i took and forgot to share with you lot. As you can see a wedge was forming at the middle of 2016 and we saw it come through all the way to about the start of November where we saw it break that and create an uptrend which at that point i saw the price break and set a order just above that top wedge line. then used the 236 retracement...