EURGBP is looking ripe for a correction from its recent upwards run. MACD is signalling bearish divergence as price now sits near support. We expect price to bounce off initially, retesting local resistance. If we see prices get rejected at resistance, expect a sharp decline down to the next support level. Alternatively, price could breakout on either side,...
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USDCAD is building bullish momentum on major support, we expect a corrective bullish run to begin on the H4. - MACD upwards momentum - Bounce off support - Has met previous down range Targets: 1) 1.2970 - 38.2% Fibs 2) 1.2995 - 50% Fibs 3) 1.302 - 61.8% Fibs SL: 1.2899 - Just below support
USDCAD is closing in on support after a bullish run. We expect the upside momentum to continue once it hits support, unless fundamental factors change. You could trade 100 pips short from here, and then ride it back up. Keep a lookout for reversal signs within the Green support zone for long entries.
EURUSD is correcting after a leg up, and has met bullish divergence. We expect the pullback to head towards the key Fibonacci levels, before retracing to retest the channel highs. Entry: Upon a bounce off a key fib level, with bullish divergence on the MACD still in play. TP: 1.1849 SL: 1.1299
S&P 500 Update SPX500USD The long was triggered right on the highs yesterday and was stopped out for 2 points loss. A short was was then triggered from 2903 to the 2894.4 line but the low is 2895 and it's sticking. Not great all in all. Have closed out as it looks to be sticking for now. There's a little head and shoulders forming right now with a minimum...
GBPUSD is currently correcting after a breakout. We expect price to head back towards the breakout point, and if the bullish indicators align, bounce back off towards the next major resistance. Trade Setup Go long ~1.2936 with bullish indication TP 1: 1.3000 2: 1.3070 SL 1: 1.2901 2: 1.2854
Según soportes, resistencias y la tendencia general del mercado, dibujando fibo en H4, ya que esta a punto de sobrepasar el nivel 1.27, esperamos poder ir en un trade de unos 90 pips en compra.
Gold touch big timeframe rezistance and drop from there - possible intraday setup to join to sellers on volume peaks m30 timeframe.
GBPUSD has reached support after a large upwards correction, providing the opportunity to pursue a high risk:reward ratio long trade as momentum has been bullish this year. - TP zones are near resistance and near end of range - SL zone is below green support Please note fundamental Brexit news may have a significant impact on price movements and volatility.
USDJPY is uptrending on the Daily and looks ripe to breakout from a short-term correction. - MACD is indicating bullish divergence - Trendline resistance is testing breakout Enter long on break targeting resistance as TP, support as SL
Our pair have worked out the “inverted head and shoulders” pattern. The top is at the mark of 1.1320 and the shoulders are at the 1.1540 level. After this we can see a turn of the price. Therefore, we believe that the price will continue the downward movement. The technical indicators point to a sale. Therefore, we advise you to look for points to enter short...
BITFINEX:EOSUSD presents itself as a candidate for a long setup. Slightly lagging, but moving in line with the likes of ONT, WTC and ICX, following are some of our technical observations: 1. Bounce from a long term support at ~$4.50 with constructive trend in oscillators. 2. Price action suggests closing above short term moving averages (9 & 21 case in point)....
NZDUSD short oppertunity @ 0.67120 sell limit right there SL @ 0.67297 TP 1 @ 0.65542
Im currently set for a long position on the USDJPY for the coming week to end the month of Aug an gear up for the forth quarter. I have drawn out the road map here on my charts take a long and tell me what you think. Happy trading
TSX:SHOP NYSE:SHOP This call is primarily based on price action and risk reward. We can see a lower low being pushed on the daily time frame but over last week price rejected the $173 level. The other notable mention is the Risk to reward ratio, with a bottom formed we have an excellent place to set our stop knowing the trend would go bearish is it was...
MACD turned bullish as well as Wolfe wave points to a hig of about $164