EURUSD has been testing and consolidating on the 1.144 - 1.146 resistance level and has formed a SELL DIVERGENCE, as long as price remains below the 1.14600 price zone, the price of the pair should fall to the 1.13800 support level. USE PROPER RISK MANAGEMENT. GOODLUCK
Use proper risk management and follow the analysis above. GOODLUCK
EURGBP has currently broken below the neckline of its Heads and Shoulders pattern. its next stop would be the 0.89200 support region......GOODLUCK.
As shown in the analysis image above, XAUUSD is currently at a resistance point and most likely, is about to form a Heads and Shoulders pattern (As a Reversal pattern) on the H1 timeframe. The next support is at 1728.00 price region.
As long as today's Daily closes bearish, Short AUDUSD to the 0.67400 support region
This pair has been on ascending channel and is currently on the channel resistance. A bearish close below the H4 pin-bar will expose the 0.61000 price region (SUPPORT)
As shown in the analysis image above,....USDCAD just formed a triangular formation (either for a reversal or continuation)....A Reasonable close above the 1.38200 resistance area will expose the 1.39200 price region WHILE a Reasonable close below the 1.37200 support area will expose the 1.35400 price region. GOODLUCK
The EURUSD has approached the 1.10000 price region and as expected, the Bulls have been rejected thereby giving way for SELLERS. There's likely to be a fall to the 1.08900 price level which is the 50% fib retracement level of current trend. GOODLUCK.
EURCAD has been consolidating since the 6th of march till date, thereby forming a triangular pattern on the H4 timeframe.... a close above the pattern/Resistance shown above will expose the 1.54000 price area....BUT a close below the pattern/double bottom will expose the 1.50800 support level. . GOODLUCK.
A reasonable close below the 1727 price zone will be our confirmation to further short this pair. GOODLUCK
A "REASONABLE" breakout of this pattern either to the upside or downside, will project the price towards the direction of the breakout.....GOODLUCK.
The SELL DIVERGENCE confirmation on resistance shown above is a strong reversal formation and most likely will invite influx of SELLERS to the 1665.00 (350 pips) region as first TP and might further fall to the 1620.00 (750 pips) support level as second TP.... GOODLUCK N/B - This is a swing trade.
A Divergence is one of the signs of trend reversal. AUDUSD just formed one. This is a SELL trade with a very tight SL, berely above 20 pips. GOODLUCK!
XAUUSD is currently on an uptrend and has been forming its higher highs and higher lows and also its elliot wave pattern, but its yet to complete its 5th elliot wave structure. The identified resistance in the analysis above which is also the 'Higher high' of the trend, serves as a Benchmark to determine if price will keep rallying to complete the 5th elliot wave...
USDCAD has been on a strong Resistance zone, even on the Monthly time frame and currently, on the H4 time frame, it respected the resistance and has broken out of its mini trend line support, which further confirms its sell. The next support level is the 1.39450 price zone. TRADE WITH CAUTION AND WITH PROPER RISK MANAGEMENT. GOODLUCK!!
This is a really straight forward trade, but one thing we should observe in order to pull the trigger (BUY), is the current H1 candle. For the Buy to be truly confirmed, there has to be an H1 close above previous wick on the H1 timeframe...and we are good to go......and always make sure you lock in your profits once the trade starts going your way. GOODLUCK!
GBPJPY has been ranging in a triangular pattern for sometime...it just broke out of the pattern, did a retest and is on its way lower....my BIAS would be to SHORT this pair to the 132.590 price zone as that's a strong Support area.....and a close below the 132.500 price zone will most likely expose the next support area which is 132.700. GOODLUCK!