Hey guys. Heading into new trading week we have a nice opportunity to go long on EURPLN. The red trendline has been supportive for all recent reversals to the upside since beginning of the 2016. The same thing can be said about 100 bar Weekly Moving Average. Today we can see a hollow candle being formed on daily char. My idea would be entering now with SL at 4.25...
Hey guys, I am putting an idea that's yet to be executed. If we get to 20.21 I'd suggest to put up a buy order. We'd be supported by three technicals: 1) Daily swing lows 2) 100 day Moving Average 3) 0,5 FIB SL below the 0,5 FIB. TP at 20.7
We have a very nice trendline that price bounced off on multle occasion. A great oportunity to go long. Whatch the Moving Averages as always, stop loss at around 4.41 - 4.415 for high risk reward ratio. Good luck.
Heading into new trading week we can position ourselves on a nice short in EURGBP. In recent days we've been testing couple of Moving Averages as you can see the blue and green lines. We could not go back higher with failed breaks. Zoom out to see the Fibonnaci levels (respect them while trading). Trade profit at around 0,84. Stop loss if we get a close daily...
We are in a very nice channel here on USDCAD. I'd recommend going short from now. Trade Profit on a first visit to one of the Moving Averages. Stop loss if we close a candle above the upper trendline. Good luck!
We're having a narrowing trend lines that allows as to define risk and trade between the "goal posts". Buy on the lower sell on higher trend line. When a break occurs wait for a confirmation (preferably daily candle close up) to avoid false signal. As always, keep in mind the 100 and 200 bar Moving Average on 1h ,4h and daily charts.Have a great trading week!
As you can see we have a trendline that's been tested on several occasion. It's safe to say to go short here - we've also got support by 100 bar weekly MA being a resistance. Watch for false breaks TP when price get's around the lower violet trendline
EURUSD has breached the 100 bar WEEKLY Moving Average. Shall we close above it on a weekly candle we can see a longterm bullish bias. We can see also that EU has broken a significant trendline which should support the uptrend.
AUDUSD in a very juicy, parallel channel. Buy at the the lower trendline. You can also try to sell at upper one, however keep in mind that we are in ascending channel and every bounce of top can be smaller or the price can stick to it and get you in a bear trap. Have a great trading week! Respect the Moving Averages (100 and 200 bar on 1h, 4h and daily charts)....
Broken resistance of 2016-05-24. Stay above on a 1 hour chart we should go up to 200 bar 1 day MA. If we fail however, we should see another testing of the violet line or even rebound to the down side
We just broken the channel. First test at 100 bar 1hour MA. Stay below it we can continue more to the downside to the 200 bar MA
Broken at closed below the channel going back to the end of may this year. Watch out the bias is bearish. Also went below the 100 bar 4 h Moving Average
From the downside comes a support at 0.382 retracement and psychological barrier of 104.00, from the upside a high from 2 days ago and a 4 hour 200 bar Moving Average. Trade between these post take profit somewhere in the middle. Whenever you see a break on hourly chart that breaks above these floor and ceiling it should be a start or a new bearish/bullish move.
The recent price history shown that the 50% fib retracement was being respected can it hold against recent monster intraday trend? If no the next target should be the 61,8 retracement. Watch closely what happens during next hours.
Just after breaking the channel that's been respected for 1,5 months. If we manage stay below for few hours expact a major drop to the downside if we can't close below expect to go further up the channel
Key fib retracement (0.618) from the top of 2015-04-22 to bottom 2015-08-21. Several times the prices has stalled at this level to bounce up high (look up my previous idea on the (0.50). The price seems to respect these levels and accordingly should move higher to around 0.73004. We are also above array of Moving Averages left below in recent hours. Trend line...
Lean on the 0.5 FIB retracement to go down. A 10-15 pips SL above the 0.5 FIB should be enough risk. Risk reward ratio 2.86