CADCHF is approaching its resistance at 0.7554(61.8% & 100% Fibonacci extension , 32.8% Fibonacci retracement , horizontal pullback resistance) where it could potentially reverse down to its support at 0.7507 (61.8% Fibonacci retracement , horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
We broke a previous low, retraced a bit, and then made a swing failure pattern INTO a 1H orderblock within the optimail fib zone. Unless we get above it we should be aiming for the next low.
We have preferred not to change the time frame or potential wave counts for EURUSD, that we had discussed yesterday. The single currency is seen to be trading above 1.1400 levels again at point in writing, looking poised to continue its rally above 1.1500 levels in the short term and towards 1.1800/20 levels in the medium term. After having produced an impulse...
AUDCHF reversed off its resistance at 0.7236 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop further to its support at 0.7195 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop could occur.
EURUSD is approaching its support at 1.1354 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.1411 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 3.2% where a corresponding bounce could occur.
So I think we may have established the fact that EURUSD is determined to follow a bull month. If we can break this correction and beat the monthly high we will be seeing LONGS for the rest of the year. My trades so far have been 4/4 on EURUSD with over 200+ pips. Some of the other traders ive seen have been getting almost everything wrong mainly because they...
A daily chart for EURUSD has been presented today to have a re-look at the potential wave counts since last several weeks. Please note that EURUSD had dropped earlier between 1.2500 through 1.1300 levels respectively. It probably unfolded into an impulse, 5 waves as labelled here. The most likelihood after an impulse drop was a 3 wave corrective rally. With the...
Leg CD is half way completed. Leg AB took 28 bars, and CD is 23 bars in, so next few bars could complete the pattern. Let's see how big is the gap on Monday and its direction... Couple of news on the Euro zone on Monday and very important ones on the US side on Tuesday (Housing Stats) so PA might be violent around them. Numbers look like: Entry: 1.15350 SL:...
Now if you kept up with my post from last week, I foretold a drop in EURUSD. Thanks to some great tech analysis we managed to walk away with over 100+ pips total! I got in and out of the trade a few times where I saw smaller corrections and overall the operation was great! Alright so for this setup. I am seeing a potential hold of price and or increase. Price...
EURUSD Possible Buy Setup Awaiting pullback and looking for a strong rejection candle off of the support zone. Details are on the chart. Happy Trading!
Hi guys ! I post my idea for short positions at EUR/USD . After FED recent posts aboutscalling up rates about 0,25 , EUR/USD gone short after February which the pair currency was 1,25 . Yesterday was a technical correction which stoped at 1,1450. Now is the time to go short for 1,123 at first level and then to reach the price of 1,12086. U.S balance sheet suffers...
The EURUSD advance continues as expected and it looks that the bulls are close to taking out the first major price resistance at 1.1500 levels. Nothing much changes on the chart presented here except the fact that prices can be seen breaking above the immediate trend line resistance. The EURUSD is now trading around 1.1456 levels and remains just shy of taking out...