Price action suggesting continued bearish momentum with hanging man followed by bearish candlestick, with the 200MA acting as a potential resistance zone with stops just above the fib extension at 0.618. Ichomoku cloud confirming the downtrend also. Target point 1. 107.306 break of this level will lead to Target point 2 at next major point of support at...
Price rallied on friday following an area of consolidation. Bullish momentum to the upside. Confirmed with the cross between the MA's. Wait to see what happens on monday to determine position however, very much a bullish bias . Target 1: 10400 Target 2: 10700 Assess the market at critical levels of interest.
Price has hit major level of resistance and psychological number at just over 1.5 looking for a bounce off the resistance due to daily doji price action. Overbought levels on stochastics confirming my position to the downside. However, on the upside the next major line of resistance lies at 1.9 a monthly resistance line so way away.
MA's confirming downtrend, waiting for the 50MA to cross the 200MA to confirm position. Low volatility and indecision in the market waiting for direction to be decided.
Harmonic patterns playing a part, daily close below the yearly uptrend and the major level of support its currently resting on will confirm a short sell. Confirmation from the cross of the 200ma also confirming my bias to the downside.
USDCAD attempting to reach recent lows of 1.2590 if that breaks we could see a weekly support at 1.2500 breached and then onto the next two targets at lower prices. Fibonacci levels lining of with support and resistance
Ger30 pushing major critical levels a bounce is likely to be imminent. Sellers in the market. Targeting 9515 and 9200
Evident signs that the trend will continue after bouncing off the 1 year resistance at 1.275. Looking to continue down to the 1 year resistance a breakout from that will leave the next levels exposed. Looking for entry points at the previous minor level of support which has now become minor resistance. A break out of the weekly channel will signal a reversal,...
After the break out bat formation has been formed looking to retest the resistance levels and short to .5 fib level for the first target. Price action - Doji's starting to form on weekly showing the indecisiveness in the market. Hoping for a downturn.
Bullish trend within a upward trend line. Price action taking place as multiple doji's confirm the uncertainty in the markets, at the week support line now acting as daily resistance. Short trade short to the confluence. Long trade entry 1.12050 targeting 1.1600 onwards dependant on whether the trend does not break out through support into a reversal.
My analysis of what eurusd is going to do over the coming week on the daily time frame. Looking for daily close on the candle stick to verify my position here for a short short then into a long position testing that 1 week resistance line.
Looking to long from now on with TP at .61 at 1.43000. Morning star created on the 1H next candlewick is crucial depending on how high it reaches to confirm the reversal.
Bat pattern forming as fibonacci points are all in place confirming the entry for this pair. With a target 5, the main TP at 1194 possibly lower with a trailing stop loss.
*The trend is your friend* Timeframes 15min, 1H, 4H and daily EMA's all suggesting that this pair will make lower lows so i'm riding this right down
Looking for a long position to 1.4100
XABCD pattern forming at all the relavant fib points looking to short at 1.432 (D). WATCH THIS SPACE!
I WISH I had figured this out earlier!! Cypher pattern created on day chart with all levels on point and validated at XABCD. I predict that the uptrend is due for a pullback to a previous line of resistance now acting as a line of support at the 1.1326 level. Confirmation from stochastic indicator shows this could be a high probability trade and a short will be...