We're seeing price test a major support level at 1.5907. We really like this level because it has an overlap support, 100% Fibonacci projection, 61.8% short term fibonacci retracement and 38.2% long term fibonacci retracement.
A bounce from here could see prices rise to test the 1.6122 resistance level.
Please be advised that the information presented on...
Price reversed off the overlap resistance at 1.2803 and fell all the way to the take profit target of 1.2728. What was important in this analysis was the stop loss placement and the take profit placement.
In this video, Desmond covers how you can optimise your stop loss and take profit placements in your trading so that you lower your chances of prices spiking to...
Price is testing major resistance at 0.6806 which is an overlap resistance that stretches way back. It also coincides with the 23.6% Fibonacci retracement and a descending channel resistance.
If price were to reverse from here, we could see it drop all the way to support at 0.6626 which is an overlap support and 61.8% Fibonacci retracement.
Please be advised...
Price is testing a major support level at 1.2684 which is a pullback support + ascending support + bullish ichimoku cloud. A bounce from here could see prices rise up towards the take profit target at 1.2830 which is a multi-swing high resistance.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a...
Price bounced off the 1.2683 support we identified and rose nicely to our take profit target at the 1.2832 level. In this review, we touch on why we used the 1.2832 level and not the swing high at 1.2850 - a lot of this is down to trade management and take profit placement.
Please be advised that the information presented on TradingView is provided to FXCM...
We're seeing price approach a major support level at 1.2680 which is a historically strong support level. It also lines up with Fibonacci confluence of 38%, 50% and 100% (projection). On top of that, there's a nice bit of bullish ichimoku cloud holding prices up.
If price were to bounce from here, we could see it inch up towards the 1.2832 level which is the...
Price reversed beautifully from the sell entry level we forecasted at 0.8988 and has reached the take profit target of 0.8908. The important lesson here is to place your take profit before a key level (vs right at the key level). As you can see in this video, price touched the TP level and took off in the other direction - just missing this crucial bit of...
We're seeing USDCHF test a key resistance level at the 0.8988 level which is a strong overlap resistance + 38% Fibonacci retracement and a 100% Fibonacci projection. On top of that, there's a bearish Ichimoku cloud that is contributing to prices being pushed down.
If a reversal occurs from here, we could see it drop towards the 0.8907 level which is the recent...
Price has broken a key overlap support level suggesting that price might make a bearish breakout towards the 22.16 level. The 221.16 level is a 61.8% major Fibonacci retracement and a 127.2% Fibonacci extension. If price were to drop to this level, watch out for a potential bounce from 22.16 for it to rise back up to 22.69.
Please be advised that the information...
We're seeing price test a major support level at 0.6043 which is an overlap support + has a bunch of Fibonacci confluence levels. This forms a strong level of support that price might bounce from.
If price were to bounce from here, we could see it rise quite nicely towards the 0.6099 resistance level which is an overlap resistance and a 50% Fibonacci retracement...
We're seeing price make a bearish breakout from a key support-turned-resistance level at 1.3216. A fall from here could see prices drop all the way towards the 1.3066 level.
Do take note that there is an ascending support line which might push prices up which is why the take profit target is at 1.3066 (and not further away).
Please be advised that the...
We can see that price has broke a key overlap resistance and could potentially rise towards the 0.6124 level which is a 38.2% Fiboancci retracement.
A risk level that i'd like to highlight here is the 0.6080 level which is our intermediate resistance. Breaking this level could provide further confidence of price rising towards the 0.6124 level.
Any opinions,...
Price is now testing a major support at 1.3219 which is an overlap support and also a 127% Fibonacci extension.
A bounce from here could see prices rise up towards the 1.3316 level.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded...
EURUSD is testing a pullback resistance at 1.0950 - there is a chance that it might reverse from this historically strong level to make a push down towards 1.0890 which is the 23.6% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider)....
Price has broken a key resistance-turned-support level at 1.6855 triggering a push up to 1.6904 which is a key overlap resistance.
The bullish momentum is aided by the bullish channel exit we're seeing.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider)....
We're seeing price approach a major resistance level at 12858 which is an overlap resistance + 23.6% Fibonacci retracement and a 38.2% Fibonacci retracement. It'a also nice to see a descending resistance line and a bearish ichimoku cloud contribute to the bearish momentum of the setup.
A reversal from here could see prices drop towards the 12804 level.
Please be...
We're seeing price make a nice double top reversal off the 127% Fibonacci extension. A reversal from here usually brings price down to the 100% level where it broke out from.
We're zooming in a bit more into the H4 time frame and notice that price has formed a nice double top pattern. We could see price drop from the 1.0966 towards the 1.0932 which is the...
