Hello friends, Bullish momentum seems to be fading on this (short term), and we're expecting a retracement before any further rises. With the Chancellor's announcement on Wednesday, we've also got some choppiness ahead. Classic support and resistance - hoping to reach 1.24400 on this short. Stay safe!
Hello friends, Price has risen very strong resistance level, lining up with the 200EMA (dynamic resistance). With the current economic climate, JPY is looking appealing and I suspect the bears will be out in force from tomorrow. Stay safe!
Hello friends, Textbook structure trade here - looking to short at the daily resistence level, and take profit at 4H supply zone + 200 EMA dynamic support. This pair has had a good bull run recently but I suspect short lived and I remain firmly bearish given the fundamentals. Stay safe!
Hello friends, Expecting some strong resistance from this level. In the short term we are still bullish so happy to TP at this level and re-enter following bearish confirmation. Stay safe!
Hello friends, Aggressive buy entry on Gold following confirmation of the breakout and a retracement. It's possible there is much more of a retracement to go, but the lower time frame indicates some very strong support so I'm happy to take an aggressive entry. Technicals and fundamentals point to some very bullish sentiment, but it looks like there will be plenty...
Hello friends, EUR/AUD currently respecting the resistance line. On the daily time frame, we are bullish on this pair, which is trading above the 200EMA and we have a double bottom on the daily time frame. Two doji's for the entry.