Looks like a range developing in a non-volatile trend, so would be looking for longs at the bottom of range, preference to bulls, but it does look a bit overextrended on the daily so I see plays for both sides here
Down Trend has become more volatile, with bulls pushing back more, last few bullish moves have been much more impulsive, clearing 20 ema easily with only a few candles. I am expecting beginning of new bullish trend, so looking to get long around the corrective structure bottom, or a breakout of the corrective structure top
PRICE COMING INTO STRONG RESISTENCE, I WOULD BE LOOKING TO GET IN SHORT AROUND THE MOST RECENT DAILY WICK WITH STOP 40 PIPS ABOVE, TAKE PROFIT AT LEAST 1.29
Looks like price is moving into a potential support area, I am expecting another leg up here at least
Fundamentally, Dollar and Yen are both getting crushed now, so looking to get long wherever I can here, am guessing these are new budding trends that will last a while. There is a corrective structure building here, so long around base with stop right below, not planning to take profit until sentiment changes
I am looking to get long on the pound, doesnt really matter what NFP comes out, dollar sentiment is terrible, so this is the buy zone I am looking at
Basically we are looking to sell the dollar, doesnt really matter what NFP comes out, technically you can see the base the bulls are making to get long around
Hey traders, I am looking for a long on USD.JPY, my reasons: Technically, we are in a range, but the last bullish moved looked rather impulsive and it looks like the bulls are trying to base for a push above the range. Fundamentally, it looks like yen is breaking down, looking at EUR.JPY, and GBP.JPY, they are all losing ground. In addition BOJ, is always...
Looks like this is the corrective structue, will be looking for longs around the new base or a breakout pullback to the dynamic 20 ema resistence
Corrective structure in EUR.AUD (similar structure in GBP.AUD), looking for next low around corrective structure support base or potential higher
Hey traders, We have an impulsive, corrective structure within a larger corrective structure. I would be looking to buy the breakout of a potential pre-breakout structure if the bears are able to push back. Fundamentally, the US dollar is getting crushed with all the dovish FOMC, I really don't think NFP will matter much, if numbers are expected are lower than...
Looks like a corrective structure is developing. Since the trend is non-volatile so far (with no bear breaks below the 20 ema, I am guessing the structure will base around the 20 ema, so looking to get long there with confluence from s/r levels.
Looks like it is getting more volatile as bulls have managed to get back up to resistance, this has been the strongest bear push since, and I am looking for a continuation here, with markets getting back to risk on, euro should be sold
Looks like NZD.USD is making a higher low in a corrective structure, preparing for potential next impulsive leg up. Dollar and Yen look both weak beginning of weak, I am guessing sentiment is finally turning after Yellon removed 2 rate hikes, if nothing changes this week then look for a really unfolding of dollar.
Impulsive leg down, with potential corrective move up. Looks like this is getting more volatile so need to look for larger pullbacks
There has been a range in NZD.USD since early Feb.price has broken out a few times only to settle back within the range, right now it looks as though price is again attacking the upper level, could be a potential false breakout. Plays for both sides here Fundamentally, there have been some hawkish comments this week from the US, so perhaps that is reversing last...
Hello traders, We have a bearish impulsive move followed by a corrective structure with lower highs, mainly being contained by the 20 ema, hinting to the next leg being down. The most recent bearish move looks like it could be the beginning of the breakdown, so I'd be looking to get short close about 50-61.8 retrace/confluence with the SR level, maybe this...
I see increasing volatility on the daily chart, with counter trend bullish moves getting farther past the 20 ema. This current push looks like a CT Bullish impulsive.corrective move, with next leg looking to be bullish. Fundamentally looks like markets are back to risk on, particularly after dovish FOMC, with commodities, stock indexes, rallying, all negative for...