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Gbpusd buy zone get opportunity read the caption Gbpusd upside, 1.2652 (Fibonacci 23.6% retracement of the latest uptrend) aligns as immediate resistance before 1.2680 (20-day SMA, 50-day SMA) and 1.2710 (psychological level, 200-period SMA on the 4-hour chart). 1.2601 (static level, psychological level) could be seen as interim support before 1.2562 (200-day SMA). A daily close below the latter could attract technical sellers and open the door for another leg lower toward 1.2541 (Fibonacci 38.2% retracement) and 1.2501 (psychological level, static level).
Long
by Mrsam36
4
AUD/JPY Long and SUGAR/USD LongAUD/JPY Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back up on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. SUGAR/USD Long • If price corrects and a subsequent two touch tight fifteen minute flag forms, then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
OANDA:SUGARUSDLong
by StewySongs
Best zone sell for eurusd read the caption Eurusd sell chart the daily swing high around the 1.0760-1.0765 region seems to act as an immediate hurdle ahead of the 1.0800 mark and the 200-day SMA, currently pegged near the 1.0835- 1.0841 zone. That said, a sustained strength beyond the latter might trigger a short-covering rally and allow the EUR/USD pair to reclaim the 1.0910 round figure. Some follow-through buying will negate the negative outlook and shift the near-term bias in favour of bearish traders.
Short
by Mrsam36
Btc flying up trader take buy read the caption Btcusd pair has remained in a tight range in the past few days. As a result, the Average True Range (ATR), one of the best measures of inflation, has drifted downwards, signaling that there is no volatility. The Awesome Oscillator has been stuck at the neutral point. Therefore, the outlook for the pair is where the status quo remains in the near term. This means that it will remain in this range, with the key levels to watch being the support at 41,835 and the resistance at 43,903.
BITSTAMP:BTCUSDLong
by Mrsam36
Audusd sell then big buy read the caption Audusd We now see the price coming up to touch a small zone of likely resistance between $0.6530 and $0.6518. This looks very likely to be today’s pivotal point, so if the price can get established above this zone later today, it should have room to rise further. However, I see the better and more likely opportunity as being a short trade from a bearish reversal from this zone, so that is the trade I would really be looking for today. There is nothing of high importance due today regarding either the AUD or the USD.
Long
by Mrsam36
EUR/CAD ShortEUR/CAD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
usdjpy toward to resistance breaking news for buyers Usdjpy buy here show the chart It's no surprise to see the US dollar sizzling today after non-farm payrolls rose by 353,000 jobs compared to 1800,000 expected. It's the strongest month of jobs gains in a year and raises big doubts about whether the Federal Reserve will be cutting rates anytime soon. USD/JPY is a big beneficiary, up 180 pips to 148.11 today. The pair had fallen every day this week until today but with the big gain, it's now higher than it
Long
by Mrsam36
eurusd toward the downside read the caption the eurusd has just made a new 6-week low, but may have found some support, even if it is short term, at $1.0773. I think the outlook is bearish due to the bearish technical and the resilience in the US Dollar which continues as Fed Chair Powell continues to talk down the prospect of an early rate cut. I think the best opportunity today in this currency pair will likely be on the short side: either a breakdown once the price gets established below the lower trend line of the descending price channel or following a retracement to the resistance level at $1.0817 followed by a rejection of that level. The logical profit target is $1.0724.
Short
by Mrsam36
EUR/CAD Short and WTICO/USD ShortEUR/CAD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. WTICO/USD Short • If price corrects and a three touch larger one hour structure forms, then I'll filter the latter on the fifteen minute chart and be looking to get short with a risk entry within it. • If price corrects and a two touch larger one hour structure forms with a three touch structural approach, then I'll filter them both on the fifteen minute chart and I'll be looking to get short with a risk entry within them. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
OANDA:WTICOUSDShort
by StewySongs
1
USDJPY: Thoughts and AnalysisToday's focus: USDJPY Pattern – Consolidation Watch Support – 146.20 Resistance – 148.50, 151.70 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the USDJPY. After US employment data shocked on Friday and lifted the USD, we are wondering if we will see trend continuations on the USDJPY. So far, the price continues to travel on its uptrend after breaking the last downtrend in December. The key for buyers now is a break of 148.50 resistance. If we see that break, we will be waiting to see if buyers can retest 151.70 resistance. A close below 146.20 would be a worry for buyer momentum. Good trading.
Long
by Eightcap
Usdjpy weekly chart more info read the caption USD/JPY is a big beneficiary, up 180 pips to 148.31 today. The pair had fallen every day this week until today but with the big gain, it's now higher than it was at Monday's open. It's a similar story across the board with the dollar up 70-180 pips. The Fed blackout ends today so the next thing the market will be looking for is commentary from Fed officials on what the strong jobs report means to them or if they're more focused on (potentially?) falling inflation.
Long
by Mrsam36