zuoertai

zuoertai Updated 

The most recent H4 candle just closed under the biggest downward trend line. This should be a good signal to sell. TP 1.13700 However, I personally advise you to take profit whenever the downward momentum seems to be eased or move your SL to break-even when you have earned 30 pips. Opposite spikes and volatility in this month have caused too many nightmares.

zuoertai Updated 

Price got supported and made a fake breach of key level at 1.13800, thus I entered long position due to DXY is fairly weak. Entry: 1.13851 TP:1.14710 SL: 1.13450

zuoertai Updated 

Reasons: 1. GBP is in upward momentum 2. 1.88230 is the key level: Fibo 38%, Daily support 3. Best risk-award ratio

zuoertai Updated 

Reasons: 1. DXY has been incredibly weak even if FED increased interest rate 2. Price has breached two downward trend lines that I don't expect the last defence would hold today(downward trend line since April) 3. Fundamentally, Italy budget conflict has been basically solved Plan: - Buy if 1.14000-1.14100 support holds

zuoertai Updated 

Long to 1268 if 1254-1256 holds.

zuoertai

Reasons: 1. Weak NZD 2. This pair has been showing strong upward momentum 3. 1.86000 is a key resistance-support level, also Fibo 50% BUY if 1.86000 holds

zuoertai

Reasons: 1. DXY is incredibly weak in short term 2. JPY is strong due to stock market's crash I will open sell at 111.650 if the support in D1 is successfully transferred into a resistance. I will hold this pair for at least three days. TP: 110.365 SL: 111.900

zuoertai

1. Long position: a bullish divergence has formed by both MACD and RSI in H1 chart. Risk lovers may go long and see if resistance at 142.850 2. Short position: if resistance at 142.850 holds, continue to short to 141.600 I prefer not to hold GBP related pairs more than 24 hours recently since its volatility in both ways sometimes are unexpected.

zuoertai Updated 

Reasons: 1. Both H1 and H4 shows pullback demand 2. Trend is absolutely downward based on both fundamental and technical statements 3. Multiple resistance near 1.13550 area: 200 MA, trend line and horizontal resistance Entry: 1.13400-1.13550 TP: 1.29000-1.28000 SL: 1.13700

zuoertai Updated 

Entry: 1.26600-1.27000 TP: 1.25000 (160-200 pips) SL: 1.27300 (short from 1.26600, 30 pips) 1.27500 (short from 1.27000, 50 pips)

zuoertai Updated 

Bearish divergence is forming as the candle created new high while MACD is forming a new lower wave. Keep an eye on the price change and be ready to open short position!

zuoertai Updated 

I will re-open sell if H1 candle closes under the downward trend line Other reasons: 1. GBPUSD made another fake broke of vital resistance level. Downward is expected. 2. Stoch shows over-bought in both H1 and H4 3. RSI is near 70 in H1

zuoertai Updated 

Entry: 1.26200-1.26580 TP: 1.24720 SL 1 (If short from 1.26200): 1.26580 SL 2 (If short from 1.26580): 1.27000 Riskier option: RSI and MACD formed bullish divergence. Risk takers may long and take profit at short entries.

zuoertai

Entry: 1.13650-1.13800 TP1: 1.13000 TP2: 1.12800 SL 1 (if short from 1.13800): 1.14000 SL 2 (if short from 1.13650): 1.13800

zuoertai Updated 

Reasons: 1. Resistance power seems to remain strong 2. Price needs to pull back but it is not expected to shoot up without total good fundamental news (for example, Italy compromises) 3. With uncertainty from GBP, EUR will be affected once again. Entry: 1.14000-1.14100 TP: 1.13400 SL: 1.14400

zuoertai Updated 

Entry: 142.850-143.245 TP: 141.200 SL: 143.750 Trading pullback is not recommended as the downside risk is far greater than upside risk.

zuoertai Updated 

Entry: 1.26580-1.27000 TP: 1.25200 SL: 1.27500

zuoertai Updated 

Entry: 1.84000 TP: 1.81500 SL: 1.84770 Trading the pullback is not recommended as the downside risk is far greater than upside risk.