2 Trades: EUR/USDTwo opportunities i took on the EUR/USD. First trade was a double top with RSI Divergence. The second was a .618 retracement from the initial move down, predicting the market will retest support levels. Risk reward is good with possible 100+ pip gain. Anybody traded this opportunity?
Pipsfordays
AUD/USD exhaustion as we move closer to some strong resistance Good commodity prices like iron ore and strong economic data have carried the aussie dollar over the past couple of weeks. We can expect a good pull back as we move into a well respected technical zone, confirmed by a head and shoulders formation indicating some exhaustion. We may see the market move side ways as all eyes are on the US jobs data later this week.
EURUSD - Long Setup (1W - 1MO Trend Lines + Triangle Key Zones)Hello traders! My EURUSD analysis is on a long.
I'm looking at the critical 1 month low trend line, mixed with the weekly trends lines to create the triangle target zone for the next target area on the EURUSD.
Wait for the reversal validation or last kiss above that buy area zone and eat the pips the market offers :)
Last week we had an awesome 180+ pips journey down on the short and I also projected the reversal zone for the long buy on EURUSD.
NZDUSD Buy! - D1 Analysis (1W + 1MO Trend Lines) + Trig My analysis is on a strong NZDUSD Buy!
We already see it showing a bullish start on that entry zone and with those trend lines going for the past week, we can get a clear message of the support line.
Next we can see where the bullish will have a reversal/resistant down based on that month trend line or at least this where I see a good area to TP and wait for that next wave. I'm a short-long-term guy, so I TP when I see reversal and wait for a new entry!
USDCAD Short Update - 158+ Pips So Far :) The alert on short for USDCAD from early this week is doing very well!
It's now entered the green triangle zone for the breakout where I expected it to journey towards.
If you are just entering now, make sure to get a prime good entry and if you are in it, have a stop loss in profit!