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GBPAUD - Short side likely to prevailGBPAUD - image.prntscr.com GBPAUD 8 hr - Seems to have closed under Rising Wedge with distinction to it been a bear flag as well and as such difficult to point a tgt on the drop but tentatively around 1.700 on a deeper run with moderately towards lower 1.72XX. image.prntscr.com GBPAUD Daily - Deeper run if happening... image.prntscr.com GBPAUD 2 hr - Incase of some extended on retrace higher it should ideally get contained under 7660-8X and get a sub 7600 close to get going to the down side..
Short
by TahirKhan
Destine for some falling out.. GBPUSD.... Overall looks to have shunned out the temporary bullish move it carved last week and the fall has more room to carry on.. image.prntscr.com GBPUSD 4 hr - Pretty straight forward layout - Upcoming support is 297X.. A short term bounce and then likely piercing under for a deeper fallout.. image.prntscr.com GBPUSD 4 hr - image.prntscr.com GBPUSD 8 hr - image.prntscr.com GBPUSD Daily- Self Explained ... image.prntscr.com GBPUSD 2 hr - Pretty much mimicking the 4 hr layout
Short
by TahirKhan
Rising wedge, but for now running into supportAs we see some support is coming in from our longer term trend channel as well as the lower Bbands. So far the last three weeks have provided with the expected sideways action once reaching 50. Selling calls has been the right strategy so far (51, 52 and 53 calls). At this support I am covering my short calls, but will hold of selling any put spreads to see how the FOMC decision plays out. I would not be surprised to see no rate hike and crude test some downside targets. For now, neutral, but getting ready to sell some downside put spreads once we breach the support (if we do)
NYMEX:CL1!
by mjhillpp
GBPCAD.. APPROACHING CRITICAL LVLS.. GBPCAD.. APPROACHING CRITICAL LVLS.. i.imgur.com GBPCAD 8 hr - 9220-3X possible top off zone and a critical point - Test to it be a third attempt and as such been a break point would expect to hold initial attempt - making it a decent spot to enter shorts.. i.imgur.com GBPCAD 8 hr -Same chart and it's one of those zones / angles where if price ends up holding 1-2 more attempts carries potential for some 4-600 pips drop on the pair; before likely it getting bull out ... 1.2000 is something that can't be ignore now....
by TahirKhan
4
EURUSD - Going into the NFP..The theme going into the NFP is to fade the spikes. While thinking the upside on EURUSD is done; nevetheless a decent up swing on a spike be tempted to set shorts into .. 1.1470-8X comes in as a spot to try short if price ends up spiking around to here; for a potential tgt intra day down to 132X. Alternatively looking to buy off the 132X for a possible swing back to 1400 and likely use Monday to set shorts off 1400-1X down to sub 1200... Will find out how it goes.. but first need a fake up ( spike ) to around 1470-8X and a halt to start gunning on the short side.. img.prntscr.com EURUSD 2 hr - 148X resis img.prntscr.com EURUSD 4 hr - 147X resis
Short
by TahirKhan
EURAUD - As of yesterday and Now.... i.imgur.com EJ 4 EURAUD - Bit shaky ........... i.imgur.com EURAUD 8 hr - Basing it as a resistance must to hold else; I will have to shift to the Daily chart that shows further bull ......... i.imgur.com EURAUD Daily - 5300 pretty much indicates the break out is done........ the above chart or the 8 hr is the confirmation spot of this 5300 break out - if can't take it out it carries potential for a reversal and thus a false break on the daily .. This then tgts 5100-20. zone.. IT can still get a bounce back up but likely to face resis to 5300.. This is where it holds; is a shorting opp for a 1.47 fallout min - if not more........ i.imgur.com EURAUD Daily - Incase we fake upside then this is what the pair likely end up doing....... Stryker: In short 5420-30 under there is a potential for a big fallout on the pair....... Now... This is bigger outlook.. 1.5000 drop zone to say if get under to 5300 and start closing under.. i.imgur.com EA 8 i.imgur.com EA Daily - Pretty much to supp...
Short
by TahirKhan