GBPJPY was rejected at 138 resistance Im waiting for a clear break of the TL, nice 1:2.5 RR trade Trade safe traders regards!
Break of trendline and resistance in the daily chart, long term target: Close of pending GAP Trade safe trader, regards!
Reasons to go long: --.786 retracement -doble bottom at 2 hr chart -Break of 1 hr TF downtrendline -Daily correction still pending Trade safe traders, regards!
EURGBP wil rise for the long run but for now this might the correction we are expecting Wait for break of the trendline Target: Close of the GAP, I´ll be trailing my stop Trade safe traders, regards!
GBPUSD may bounce in any of the fibs to then test the -.27 or -.61 levels
GBPAUD made a doble top at the .50 fib retracement. -.61 extension very likely to be tested. Confirmation to this trade is break of the trendline
We had a break of the new channel and last high didn´t make a higher high and didnt close the Gap, I´ll be looking closely at 1.3315 in case we get acumulation in that level, we might be looking at a potential Head & shoulders pattern and the continuation of the downtrend to make a new lower low Trade safe traders, Regards! ;)
Parameters in chart regards!
Here we have the chanel where the price of Oil is inmersed. We can clearly see that the there has been an amaizing strong bullish trend. The red line is the last high oil made on October 2015, which is a major weekly and daily resistance. Yesterday in the daily close it was broken to the upside, but today we saw a bearish engulfing candle which leads me to...
USDCAD closed today the session with a new higher low in the 1 hr timeframe I copy and pasted the upper trendline as the one that defines the roof of the channel and I pasted it in the bottom of the graph creating now a new channel. 30 pip stop for a 100 pip gain, which means a great risk reward If we break to the upside the target, we can see 1.2915 and after...
USDJPY broke to the upside the downside trend it had with a strong engulfing bullish candle. I see a doble bottom in the 106.50 area and also a higher low than last low of 105.80 made at the beginning of may. Stop of 40 pips with 1st target at 80 pips at 107.88 and 2nd target at 108.50 Grat risk reward, Trade safe traders, regards! ;)
I was expecting EURUSD to make a retracement before it´s continuation to the upside, but The 1.1340 support was very strongly respected. I see this trade with a very good risk-reward for longs. In case we get stop I´ll be looking for longs again at the 1.1250 level Trade safe traders, regards! ;)
AUDUSD has broken the downside trendline it was inmersed after having 3 or 4 days of consolidation. I expect a that the pair will reach .78 and maybe a new higher high. Let´s see what happens. Trade safe traders, regards! ;)
NZDUSD is consolidating after it broke major daily trendline. I have a sell stop at the break of the 4hr trendline it has formed. Trade safe traders, regards!
USDJPY have made several attemps to break the 110 level. Today marks the 4th day we see daily rejection. I have a sell stop at the break of both trendline to form a new lower low to 101. Trade safe traders, regards! ;)
So traders EURUSd finally broke the range and it was to the upside. I was originally short in this pair due to the Lower low we had 2 weeks ago (red circle), I guess that was a epical bear trap that caught many traders in the bear side of this trade (including me). I see EU reaching 1.17 where I guess there will be a lot of sell order for bears last try to bring...
AUDJPY is testing a daily trendline after making a triple, I haven´t entered the trade yet because there is a little buying power, I´ll enter once the trendline is firmly broken. I expect to reach a new lower low in the daily timeframe. Trade safe traders, regards! ;)
I havenpt trade GBPUSD in a while I think its a little messy. ight now price is trying to break the 1.4650 resistance which would lead us to move upside movement. I see that movement to be until we test the weekly downtrendline. I have setted a buy stop above the resistance in case we see a clear strong break. Let´s see what happens. Trade safe traders, regards! ;)