This
THIS WILL BE A BUY ONCE IT REACHES 73.098 OR THERE ABOUTSTHIS WILL BE A BUY ONCE IT REACHES 73.098 OR THERE ABOUTS.
VERY STRONG ZONE
well my trend line looks funnyhaha got to love weekends and openings. Another reason why i teach people to not leave trades open over the weekends when they are technical and looking at timefreams lower than the 1D
EURUSD POTENTIAL UPSIDE TARGETSLooking 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. As always keep it simple, but always look deeper at price action and not indicators which are not reliable. Threw the RSI for shits and giggles. ;)
ETHXBT liftoff imminentThere is a wave 5 in the works. As illustrated in the graph the price failed to break the UML of a green schiff pitchfork and momentarily bounced off it. Might breach 0.036.
GBPUSD SHORTConfluences
1. KEY Weekly Resistance/Support at 1.4210 holding well.
2. Doji Formation on yesterdays candlesticK
3.Follwing Recent Price Action this is a classic pullback trade
4.KEY DESCENDING TREND LINE HOLDS
5. FIBO 23.6% retracement also acts as resistance here...
US 30 - WATCHING OUT THIS RED WEEKLY DOWN TREND LINEDESPITE LOOKING PROMISING, I AM WATCHING OUT FOR THIS RED WEEKLY DOWN-TREND LINE AT 16260
NZDCAD - Selling Set Up - CAD Strong at this time !NZDCAD - Selling Set Up - CAD Strong at this time !
AUDUSD a nice Rally , but we have to be carefully at this zoneAUDUSD a nice Rally , but we have to be carefully at this zone
GBPNZD we are in a delicate area for this pairWe are in a delicate area for this pair, from here you can start a big raise - related to the NZDUSD in which we expect further falls
Watch this Level: EURGBP Daily #forexThe next key RESISTANCE area to watch for the EURGBP (0.7480-0.7500) .. Watch to trade for a reversal or a breakout .
My Best Regards
Technician
Subscribe to my trading portal thefxchannel.com
Watch this Level: AUDCAD Daily #forexThe next key RESISTANCE area to watch for the AUDCAD over the near term.. watch for a reversal or a breakout .
Subscribe to www.thefxchannel.com
Watch this Level: WTI Oil Four-HourThe next key support area to watch for the WTI Crude oil over the near term.. watch for a reversal or a breakout .
Subscribe to www.thefxchannel.com
Watch this Level: AUDNZD Daily #forexWatching this key support just above 1.1000 handle. A neckline for a potential double top pattern. Looking for confirmation to long near that support. If it fails, and price breaks lower i would look for a short. So we can trade this on both sides. Lets see if we get the confirmation soon. Will be updating if a trade setup present itself..
My best regards
Technician
Subscribe to my trading portal thefxchannel.com
Watch this Level: AUS200 DailyRetesting the key resistance area, watch out for a breakout or a reversal. A breakout would confirm a possible short term bottom and a retest of highs.
Good luck
Subscribe to my trading portal thefxchannel.com ,
My best regards
Technician
Watch this Level: EURCAD Daily #forexClear horizontal resistance area here, that may provide a trading opportunity. Watch for a breakout or a reversal.
Note: A breakout would complete an inverse head and shoulders.
Good luck
Subscribe to my trading portal thefxchannel.com ,
My best regards
Technician
Watch this Level: EURAUD Four-Hour #forexA good level to watch for trades for short term traders, watch for a rebound or breakout.
Good luck
Exclusively Subscribers to my mailing list will get one month access to my trading account . Subscribe here thefxchannel.com ,
My best regards
Technician
