Down
EURUSD: Rising WedgeAfter EURUSD broke out off a triangle it's forming a rising wedge. Expecting a pullback
EUR/NZD Its time to short. I've a Bat here.Basic on trendline. Stop loss above X, Tp1 38% of CD, TP2 68.2%
Good Luck.
descending triangle in an uptrendBTC will decline to $805 (just right above $800). Till the end of January it will make a descending triangle and on the basis on situation in China and other news it will make new high or new low to the closest support / resistance.
More likely it will decline to $750 because people will take profits. Further decline to $700 is possible because even such decline still will not deny long term uptrend back to $1150 resistance
EURJPY Institutional Short SetupGood morning traders.
121.6 marks strong institutional resistance as well as trend line resistance.
Until this pair manages to make higher highs selling opportunities are preferred.
A rally up into 121.6 will likely be matched with quick selling.
BEWARE OF US CONSUMER PRICE DATA AT 08:30 EST!
USDJPY Institutional Short SetupGood morning traders.
There is a cluster of institutional resistance between current price and 113.76.
Additionally our research is favoring further downside on USDJPY.
Shorting opportunities are still preferred and a push up into the latter resistance figure at 113.76 will likely be matched with quick selling.
BEWARE OF US CONSUMER PRICE DATA AT 08:30 EST!
EURJPY Selling Opportunities Preferred Below 122.02!Good evening traders.
This pair is clearly in a downtrend.
122.02 marks key resistance to keep pressure on the downside.
Only a sustained break above will begin to put pressure back to the upside.
Until then, selling opportunities are preferred.
The 121.6 figure marks key institutional resistance where sellers may be looking to add to shorts.
A push up into the figure may be matched with swift selling.
Short-term support is at the 120.76 low and a break below will expose further downside.
Enojy!
USDJPY Selling Opportunities Preferred Below 116.05!Good evening traders.
116.05 marks the "line in the sand" on USDJPY.
Only a sustained break above the figure will reduce selling interest and revive upside focus.
Until then, selling opportunities are preferred.
115.07 marks the first key institutional resistance level where we may see selling pressure.
A push into the figure may be matched with swift selling.
Further downside see short-term support at 113.63.
Enjoy!
GBPUSD Selling Opportunities Preferred!Good evening traders.
The market gapped open down below the 1.0239 support figure. Since then we have seen consolidation.
The pressure is certainly to the downside so selling opportunities are preferred until proven otherwise.
The 1.2122 figure marks short-term resistance as well as the gap-fill.
An upside move into the figure will likely be matched with selling.
Enjoy!
GBPUSD Short-term Technical OutlookThese technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day.
Good evening traders.
Despite the rally off spike lows at 1.2039, pressure remains to the downside below the week's high at 1.2278.
Only a break above the latter will put pressure on the upside and eye highs at 1.2432.
At this point shorting opportunities are still preferred until proven 1.2278 is taken out.
Enjoy!
GOLD SHORT AFTER TRUMP ALL IN DOWN TO 1180-90 AREAToday, the failure @ Support, spokes it's own language and the result is: GOLD SHORT AFTER TRUMP ALL IN DOWN TO 1180-90 AREA. Simple - now hold for the win. For any questions, leave a message...
EURJPY Bearish CypherHey everyone,
Here we have a bit of a messy Cypher pattern on EURJPY. I entered this late last week and thought I had made a post but must have missed the publish button. Since entering the market has rolled over about half way to first targets, but it will be interesting to see what happens going into next week.
Will be hoping for the volatility to pick up again now were out of the Christmas and New Years break and start bringing in the pips!
Targets for this pattern are 382 and 618 retracement of X-C.
Stop loss placement is a 113 retracement above X-C.
Any questions just ask!
