an update on my previous chart. I just love the progress on this pair and really hope that the Euro will continue to climb - so I can get in at a really good supply area and get an awesome price. However, there is no way that I will enter long on this pair and within this price range no matter the room still left.
Could the Euro push higher than what I have plotted as my entry - oh yes, but my trade is based upon the previous price range and the fact that the Aussie having more going for them than the Euro. So thats why I will take the next good spike to the upside and sell
Just look left on the chart to spot where the price have been stopped before - up or down (no need for an exact science) Right now the 1.59 area is the price to look at. A break above migth head for 1.60... a break below migth head down to 1.58 again. Just check whos is in control atm ..the bulls or the bears.
If I get confirmation that the Dollar breaks and stays above 1.1328 (ish) I will go long up to 1.1400. if it breaks out under 1.1320 then the risk is that it heads south again to the 1.1263 area
Posting and saving this one mainly for fun.
for me trading is 98% waiting - as on this one which soon present a good buying opportunity
Waiting for the pair to drop some more then bounce. Will enter after the bounce. Entry @ 1.9932 TP @ 2.0502 SL @ 1.9670 Target 500 pips plus
Entry @ 78.38 TP @ 70.00 SL @ 80.19
We have a bullish divergence even though it is a bit steep. It will be interesting to see if the Aussie can break the 0.88 level next week and push a bit higher. Right now I see the downside as limited so it is worth a shot. Happy trading
We have a bullish divergence on the daily and the stochs looks good. Lets see close the .80 area if the RBNZ will step in and push the Kiwi down again. if not then, it will open up for a larger pullback (I keep a fairly tight stop just in case they dont )
Time to enter this after a long wait ) it has been a long time since the Swiss had to defend this price area but think they mean business so it is time to enter a long trade here.
Still fuel left in the tank for a continued push higher but all good things comes to the one who wait. This pair is entering an extremely overbougth area so be ready. My entry is on a wish list but will be ready to jump in much sooner.
Over the past two months, AUD/NZD has bottomed twice within a few pips of its 100-day MA and rallied over 300 pips each time. Lets see if may happen yet again )
I see the downside risk as limited rigth now and this is a trade that goes hand in hand with my DXY and XAUUSD trades
I expect the close-to-class A divergence we can see on the monthly chart to kick in shortly after a short pullback is over (see separate posted daily chart) I will watch as well as trade the pullback on the daily chart but will also buy in around 0.9400 - 0.9450 area to go long and leave it for a longer term trade. There is a lot of room to the upside but I will...
a class B bearish divergence about to kick in. A possible short term short trade. I will take this one. However I will also use this pullback to buy in on a longer term trade going long. This based upon a Bullish Div on the monthly chart (see separate chart) and I will just try to trade these two setups and time the USD Index price action - its pullback and then...
As the Stochastics enter the oversold area I expect the Pound to pull back to at least previous support at 1.7945. This area/level will be my entry if I see that this previous support will hold as resistance and we might see the pair break the 1.7850 area and break the uptrend. If so one can get a whole lot of pips in a middle term southbound trade Be aware of...
Migth be premature to ask for a double top with the BOJ doing so much to weaken the Yen, but could one be so lucky that the Euro willl fail to break the 145 handle and the drop like stone. Well time will tell shortly