Continuing channel downwards. Gold has re-test the top side of channel yesterday and has been rejected back down signalling that the bears are still strong. Will target its next support level now that the daily pivot level has broken through.
Bullish price movement up on the ascending channel. Nearest target should be yesterday's high which its pivot point.
A break lower from its descending channel indicates a possible further drop happening soon in the pair. Price is consolidating setting up for this movement.
61.8% Fibo held up strong as an area of resistance. This follows the down trend line created from its last highs. Looking to find an entry on the 50% level to go short. Target about 100pips, slightly above its last low. Let's keep the technical simple and easy for all to understand. Like and Follow guys!
We can see its now going into consolidation. Price has already bounce off the down trendline creating a lower high. Looking for an entry at the 23.6% fibo to go short. Expecting the lower trendline to be broken as we target TP at 50% fibo. Let's keep the technical simple and easy for all to understand. Like and Follow guys!
There is a bullish run right now and its most likely heading to the resistance level. I do expect this this level to hold and reject the price back down to the support level. Let's keep the technical simple and easy for all to understand. Like and Follow guys!
My previous trade(long) on USDJPY was fruitful now as expected its bounce from the major trend line. Good candle pattern to show the bearish momentum. Enter anywhere on the current level and set 2 TP on 50% and 78.6% Fibo. Let's keep the technical simple and easy for all to understand. Like and Follow guys!
After a good bull run, price is rejected by the resistance level. I am placing a short for GBPAUD with a target at its new support level/50% Fibo. Stop out should be above the area of resistance. Let's keep the technical simple and easy for all to understand. Like and Follow guys!
A good down trend seen here and it should continue its way down. Set-up 2 position with TP at 61.8% & 78.6% fibo. Let's keep the technical simple and easy for all to understand. Like and Follow guys!
AUDJPY looks to continue its bull run after attempts to go bearish beyond the 23.6% area failed 3 times. Looking to go long and TP @ 61.8% Fibo area. Let's keep the technical simple and easy for all to understand. Like and Follow guys!
Price has retraced from the downtrend rally and now has been rejected at the 50% and 38.2% Fibo. Set a sell entry now and target TP at the area of last low(0%). Let's keep the technical simple and easy for all to understand. Like and Follow guys!
Obvious bearish trend here. A strong level of resistance @ 50% Fibo and trend-line. We can short this pair now with a target anywhere in the support area. There is also a chance price will break through and head for a next support level so good to open 2 trade and see how this trade goes. Let's keep the technical simple and easy for all to understand. Like and...
We can see that price has bounce twice on the support level. Set up a but stop order if price breaks through the close resistance level. Let's keep the technical simple and easy for all to understand. Like and Follow guys!
Strong resistance level seen at the 79.00 area. Looking for another re-test to set a sell order on CADJPY at the area of resistance with the TP @ 78.15 area. Let's keep the technical simple and easy for all to understand. Like and Follow guys!
XAGUSD is now testing the new resistance level which would probably holds up and reverse the price back down. Also the candlestick pattern shows the short bullish climb is running out of steam. Let's keep the technical simple and easy for all to understand. Like and Follow guys!
Last trade hit the breakeven SL which saved us from loss. This sets up an opportunity to go long again. GBPUSD dip due to BOE's dovish statement on possible future rate cuts. But now it has stopped at the fresh support level which may push the pair back up. Wait for a break out of the support area. Like and follow guys!
Fresh level of support should give USDJPY a short retracement. Set target for 38.2% Fibo and entry any where within the support area. Be cautious if price level dips way beyond the support level this trade should be cancelled. Like and follow guys!