Selling the pair because:
- The pattern (in yellow) broke this morning EU time to the downside
- Price failed to stay above the daily pivot level @ 1.63390
- Price is below all EMAs
I am taking advantage of EUR overall weakness and AUD strength on H1, H4 and D, to sell the pair. My target will be the previous support as shown in my chart, around 1.61760...
I am taking advantage of USD weakness and CAD strength on H1, H4 and D.
Price:
- got stuck at 61.8% level and failed to go higher.
- is now below all EMA's.
- failed to stay above the daily pivot level which is the 50% fib retracement.
I am selling the pair now and will target the fib extensions as shown in my chart.
Trade at your own risk
after the retest of 2420 as earlier predicted, the price dropped back to 2300 and a small rebound occurred...now is the formation of "head-and-shoulder" pattern and a possible boring sideway market again...until some of the important levels are broken...either to the upside or downside...this is fcpo-sept...
currect support : 2300
current resistance :...
Possibility of downside movement towards the 70.000 support due to evidence of Fibonacci retracements correctly demonstrating formation of a harmonic pattern
It's not a pair that I would usually trade, but it's an opportunity!
I like this pair a lot, been keeping an eye on it a lot. Now, it could break either way - Above high ends of 25 areas we could get a break out and could take the pull back trade up to the next resistance. However, if it breaks to the lower ends, below that key trend-line up and if you were to...
Microsoft - MSFT - Earnings.
We have earnings this week, had a beautiful bullish channel will we break to the lower time down or continue the bullish momentum...It's at an interesting area on a technical view as well.
Add alerts, take which ever price action takes you.
Remember: Just a trade idea, not a recommendation.
All the best.
We are currently in a pullback which is forming a flag. Price broke strongly my 4 EMA's to the downside.
With GBP being very weak today I am expecting the pair to test again the 61.8% fib level which will be my target.
Trade at your own risk
Top Down Analysis
Daily Timeframe
Gold is still maintaining and uptrend to the upside. still holding between the 9 and 21 EMA .Super bullish as inflation kicks in!!!
H4 timeframe
Price is Forming UPtrend and we can see price is currently in a temporary consolidation and we could see price bounce between to level around
1815 high level and 1795 low level. so...
Hello Guys !
Watching this chart I see that in progress formation.
We talk about a DOUBLE TOP PATTERN.
Keep an eye on this chart and we will see what it will happen.
Enter in this trade only if the price will test the neckline, I will come back with updates when the formation it final adn the trade is ready to offer us nice reward !
Don't forget to follow...
Hi traders:
JNJ, is shaping up to a great opportunities for long.
We have price impulse to the upside, and now forming a nice correction structure channel.
I am patiently waiting for the last bit of price action to complete to give me extra confluence on a long.
I would like to see price correctively go lower once more and complete the smaller structure...
Hi traders:
PEP also falls on my mid/long term watch for equities buy.
We see price dropped sharply from mid February, and strong bull impulse up.
Price then begin to form a larger continuation correction structure, giving us a good potential opportunities for more buy.
Currently this structure is not complete yet, I would wait for price to tag the bottom of...
Hi everyone:
V has similar price action like MA in my other analysis.
We see the same bull impulse up and price now forming continuation correction.
I am expecting price to correctively go down once more to complete this correction before the strong bull momentum comes in.
Alternatively, price can break above now and forming continuations to keep going up....
