It hit the price level that it tested before and is now going to break through to the next price level of 150.600
The pair is now back continuing it's downtrend. Price was rejected at 128.189 daily resistance a early short entry was clear here. The pair has broke the counter trend line giving further confluences for further shorts to Target 1
0.786 bounce on a important level of resistance, Wish you the best BREXIT is fast approaching and it is reasonable to expect this outcome.
trading RSI divergences like this mostly always worked for me. AUDUSD seems overextended here, but be cautious, the dollar is not looking very healthy atm. The three targets are a structure support, .23 and .38 fibonacci retracement. I would try to scale in with for example, let's say, 30k, 10k each one of the 3 positions - just to be safe, I would take one TP at...
Very simple setup Very bullish outlook !
Just like EUR/JPY this setup is clear and is making higher highs we also got a bounce of the 0.618 FIB level time for a new high ? Very likely Also id like to apologise for the very basic descriptions very busy just trying to get the setups out to everyone :) Trade safe
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#EURJPY The pair is showing #bullish momentum a clear break of #resistance zone & last high will initiate longs to upside targets. The pair still is overall in a #bearish trend a rejection @ resistance zone and MA +break of the trend line downside targets will come into play. WAIT FOR YOUR SET UPS TO PLAY OUT BE DISCIPLINED PATIENCE IS KEY TO SUCCESS!
-SIGNAL- Date : 20.3.2016 Technical : Double Bottom Reversal Pair : USDCHF Timeframe : H4 Trade : LONG Entry now : 0.96917 Take profit 1 : 0.98539 (170 pips) Take profit 2 : 1.0000 (310 pips) Take profit 3 : OPEN Stop loss : 0.96379 (50 pips) Risk reward : 1:3 Regards, FxcInvesting Team www.fxcinvesting.com
Looking at the weekly timeframe, we see that EURUSD has been rejecting the level of 1.13500-1.4ish, and the Fib of 23.6%. We need a break and close above key monthly resistance+ trend line break at 1.15 which will lead us to 1.18500 + the 38.2% Fib. Also it looks like a higher high is about to be achieved for the EUR along with higher lows on the DAILY timeframe....
A potential bat setup on the EURCAD, with news coming out today on the CAD and options expiry maybe volatile!
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Reasons for -Daily we have Had a nice up move now we have had a to a key level at 1.0000 -Also we have had 3 Dojis in a row -Showing obvious Rejection from our key area at 1.0000 -On the lower time frame on the four hour we have had a rejection of a keyFIB level 0.618 level -Also shown a rejection from 1.09500 which is in line with our Fib level and also a...
Reasons for -Firstly we broke a key bearish trend line not to long ago -As we can see from the MacD we have been making high swings as well confirmed with Price action -This helps me believe that we will continue to see bullish momentum -We Bounced of key level of support at 125 -We got a perfect swing point after the bounce on 125 -Also perfect bullish...
FXMM continues growth after breaking 1220 resistance. It is building a bullish 5-wave pattern unless it breaks below broken resistance point (dotted red). The bullish momentum can mark the start of the new uptrend that can last for several years and most likely complete wave 5 at 1.618 fib level(1301.09). A bullish breakout above this level could see wave 6,7,8,9...