DiogoS55

DiogoS55

-- UPDATE -- See Old Chart For explanation! New Shorting Zone For EURUSD.

DiogoS55

-- UPDATE -- See Old Chart For explanation! New Shorting Zone For GBPUSD.

DiogoS55

Right now this pair is stuck inside these zones, a battle between buyers and sellers, when we see a good 4hr close breaking the resistance or the support we can see good trade opportunities forming, if the support is broken i think GU has potential to touch the 1.36 support and if it breaks resistance I think GU has potential to go to 1.385. Wait for the market to...

DiogoS55

Market is in a downtrend since June, last week we took price to 78 and now we see a nice retracement to a good area of resistance (between 0.5 and 0.618 fib levels) where we expect price to bounce from, and visit 78 areas once more or create some new lows, either way there are some good trade opportunities here. Wait for the market to react and enter only if the...

DiogoS55

After a big impulse to 1.295 the market is currently retracing, the market is entering big resistance zones, first 1.265 and then 1.258, inside these zones I would be looking to long as soon as the pair shows signs of support in this area, if price does manage to break through 1.258 we can look for shorts to 1.25 or lower. Wait for what the market gives and place...

DiogoS55

Market is looking to test the resistance at 87.1 again after testing it and rejecting, if this resistance holds one more time we can expect the price to go at least to 85.5 or look to create some lower lows if it breaks that level. If price does break resistance we can expect to test the levels of 88.5 one more time. Both situations have some very good trades to...

DiogoS55

The market recently tried to break into 1.62 but failed, we now see the market retracing and we see good chances of a bounce at the resistance of 1.75, and at the 618 retracement. Wait for how the market reacts and if it holds the resistance enter a short to 1.67 (first target) and 1.62 (second target). If the trade does manage to break this resistance we can...

DiogoS55

Trade for 150 Pips, potention for 100 more. Gbp is at a possible turning point at EURGBP which in turn with this strong resistance in GBPCHF could make this pair turn around at these levels.

DiogoS55

The market is currently looking to test the resistance of 1.36 again, after this resistance we expect buyers to take control of the market once more, price can move back to 1.38 or more depending on how much does the market rally.

DiogoS55

If the market manages to close above the resistance(red) we can look for entries around the 618 retracement especially around the resistance created at 0.85800, on a big retracement level and a big resistance we can expect market to rally and start selling this pair and go down 100 pips to complete the retracement.