Good analysis on GBPUSD for next week. Watch how price reach.. If price successfully break above the range box be ready to go long
Watch GBPUSD next week. sitting above 61.8 fibonacci, could this be the 3rd lower high?
AUDUSD spike after the FOMC news release. Bullish engulfing candlestick formation was formed on the Daily timeframe. this gives me a great signal to enter long. I'am expecting AUDUSD to create a new high next week.
EURUSD made a fakeout on the level of support on the monthly TF.. Now a pin bar formation has form near the trendline a very strong bullish confirmation
EURUSD strong pin bar reversal to the upside on the monthly timeframe.. and now create a higher high pattern on the lower timeframe.. very very strong bullish trend, wait for a pull back before entering long for a better risk/reward ratio.
Daily chart shows a very strong bearish trend, also D extension hasnt achieved yet.. now looking at the H1 timeframe we have a greta setup here.. -ABCD FORMATION - trendline rejection with a long wick ENTRY: SHORT -stops 20 pips above c retracement at 1.30737 -profit taking just 30-40 pips above the fib extension at 1.2687 Great risk/reward and strong trend!...
Daily chart shows a very strong bearish trend, also D extension hasnt achieved yet.. now looking at the H1 timeframe we have a greta setup here.. -ABCD FORMATION - trendline rejection with a long wick ENTRY: SHORT -stops 20 pips above c retracement at 1.30737 -profit taking just 30-40 pips above the fib extension at 1.2687 Great risk/reward and strong trend!...
USDCAD will see further downside to the D extension at 1.28856.. the daily chart shows a strong downtrend and now USDCAD will be ready to break the monthly support zone at 1.3000 next week - Stop 20 pips above the C retracement - Profit target 30-50 pips above D extension at 1.28687 Risk/reward is great Must not miss this trade! ENJOY!
3rd lower lows expected to be made! When to entry: 1. find a good entry set up on the lower Timeframe (h1 or h4 is recommended) 2. Make sure to have good risk/reward 3. Total target is at 1.28627 (could be less but not lower than the total target)
EURUSD has been in a consolidation range since early 2015. However, In december 2016 EURUSD manage to break the key area of support at 1.05178 but make a pull back to the upside. 2 possibility: 1. EURUSD make a fakeout to the downside and come back going upward to 1.100 2. If this week candle close below support level at 1.05178 we will see EURUSD falls lower...
several rejection on the monthly resistance at 1.05815.. Strongly believe that EURUSD will fall to 1.0388 this week
3rd rejection and price fail to close beyond resistance at 1.0500.. 1. Shooting star dail close expected 2. Mothnly pivot point rejection 3. fail to close beyond resistance level at 1.0500 4. 3rd lower high Now price is heading to the mothnly S1 for this month
Great set up to sell sterling 1. ABCD formation 2. 61.8% Fibonacci doji rejection 3. Good risk reward 4. sterling is in a downtrend
at first the price consolidate and fail to break 0.72150 area of resistance.. Price goes back to the consolidation not long after it breaks forming a fakeout scenario, also the daily close are showing a shooting star candle indicating the market will go a lot lower to 0.71165 area of support.. If the price manage to break 0.71165 we will see aussie dollar go a...
2x rejection on the Reisstance level at 0.72150 also they are align with the pivot point.. I trongly believe Aussie will moves lower sooner or later to the key area of support at 0.71165. Always remember to take profit a few pips above the support level. HAPPY TRADING ALL
Doji Resistance rejection on 1.0500 aligning with the weekly pivot point, I strongly believe that Eurusd will go lower.. Targeting at 1.03224