Forex-pips
POSSIBLE CONTINUATION PATTERN ON EURGBPWe have recently seen a sideways move. We saw a big bearish movement and quickly lots of buyers got back in. Maybe market makers were trying to eat stop losses. Now, the market could continue to fly as the market has made new highs on weekly timeframe. Ttrend could continue.... Let's see what happens...
EUR/GBPVery nice long setup here,
- Clear breakout of Daily support turned resistance
- Candlestick pull back showing this level will hold to continue to the upside
- Overall market trend, and a uptrend daily and 4H
- Long term EMA is suggesting that we have alot more upside to come from the previous giving us that added confluence that it's a good Buying position to be taking in this market condition
- broke out from two descending trend lines this also suggest that we could be seeing some more bullish upsides potentially HH's
Good luck as always
DacresFx
AUDUSD : NEURTRALI've broken down the AUDUSD and I've come to a conclusion that two things could possibly happen.
We currently have a decent support zone at around 0.7600 which has been tested twice wile rallying up to
our resistance of .07667 which has proven to be a major key level historically.
We have also broken our official parallel channel a which is giving us a sign of a reversal to take place.
Two things could possibly happen, either we break our support retest as resistance and rally down or price
could form a higher low and higher high, break our resistance and rally long.
Gold breakout to the heavens!With gold making a clear upwards breakout from 1247.96 levels, there is a clear path for gold to head to 1278.39. Personally I am going to wait for a retracement back down to 1255.00 before going long again.
For more daily signals and analysis, please follow me. As well don't be afraid to leave a comment either you agree or disagree. Happy trading!
GBPJPY continues to head downtownWith GBPJPY continuing to creating new lows every week, i expect the same with this week as well. On the 4h timeframe, a beautiful dragonfly doji could be seen. Following with it are several bearish candles which gives me a strong sentiment that this pair will head down lower. To be on the safe side, I'm waiting for gbpjpy to break 156.624 before entering a short to lower lows.
EURAUD trendline broken, heading lowerEURAUD has been an interesting pair for as well. It correlated well with my analysis last week and went positive around 100 pips before it turned around. The pair then hovered around 1.56011 levels before breaking clear the trend line as of this monday morning. My sentiment on this pair is now bearish, but i would want to see it test the 61.8% and 76.4% before playing this pair hard.
AUDUSD finally heading back down?Looking at the daily and weekly trend, AUDUSD is clearly in an overall bearish market. After hitting lows of 0.6830 during mid January before heading back up, AUDUSD made a clear stop at 61.8% fib levels on January 28th. Could this be the signal we've all been waiting for? A beautiful spinning top could be seen forming, and what I can expect from this pair is a drop to AT LEAST 0.70168 levels will hopes of passing by the previous lows of 0.6830.
EURUSD Daytrade TRADE UPDATE** Success! OVER 90 pips!Entered this trade just few hrs ago and the Target was hit just couple of mins ago!
Over 90 pips profit on this pair alone along with all the EUR based pairs i traded but didnt have time to post them up here b/c i was away from the screen and there wasnt any point posting them up b/c price was reaching their targets already.
Attached to this is original post which shows the analysis n the rationale behind the trade