saml01

saml01

After catching a nice a nice 110 pip long from 1.09644, the short term outlook on EU is looking bearish in my opinion. After a trendline break and a clear 1hour TF head and shoulders formation, my bias is a 60 pip short back down towards the levels of 1.09644

saml01

Another interesting one with this pair. Sat on lows not reached since mid 2010 so its one to watch. Waiting on a break before any trade potential

saml01

Looking into the next week, EU could begin to push up towards our long term target of 1.14500. Would want to see price break back into the channel lines you can see, and a clear break and ideally retest of the 1.12600 region as its shown an important zone for price reaction.

saml01

Good luck

saml01

Potential shorts coming on gold from the key level 1300. Will be watching price action for reversal patterns.

saml01

Watching the key zones on AJ, price action will indicate which way were going

saml01

Since the drop from 1310, gold hasn't really recovered. My bias is this pair will remain bearish next week with a target @ 1250 Cautious as we could see a trendline retest for a more confirmed short, but we will wait and see

saml01

From a technical perspective, EU looks like its pushing some a swing upside before carrying on the downtrend we can see from higher tf's Our daily key level of 1.2000 was tested and rejected, resulting in a minor hourly downtrend break, Also we can see an inverted h&s formation created and this shoulder showed 4hr rejection to the key level My personal bias is...

saml01

Breaking this down from monthly, we can harsh decline since Christmas time The weekly/daily has shown numerous impulse moves to the downside Its now sat on a key level priced at 1280, with my bias on more downside continuation This is purely an idea, before any move was valid I would want to see a clear break and retest of 1280 for downside movement

saml01

USD/CAD potential long Daily is showing strong upside momentum since Oil peaked at $62 a barrer and it now rejecting/retested lower prices Upside target personally I see 1.34400 being reched if oil doesn't rall off anytime soon, Will be taking profits rather quick on this long due to the unstability with oil correlation. Already up 40 pips from prevision...

saml01

USD/CAD potential short incoming

saml01

USD/JPY potential short incoming

saml01

NZD/JPY potential short incoming

saml01

USD/CAD potential long incoming

saml01

TP 1 Achieved. Could we see a retest for a swing higher?

saml01

Support and Resistance day

saml01

Top Down Approach: Identified the weekly key resistance @ 1.33245 Price currently sat on strong support level, if it breaks look for a retest or exhaustion and note the 4hr lower high potential ideally wait for the lower high to be passed then find a long opportunity on the retest note price could reject this support level and swing down for retest on weekly channel

saml01

Top Down Approach: Identified the weekly downtrend and the next lower high point @ 146.850 area Identified the daily strong s/r zone @ 145.755 (nearly broke through) expecting price to hit daily trendline and reject, then swing down for the lower high weekly movement only take this trade on a retest of daily level for the long or the short once the lower high...