Hit resistance on a new down trend as well as the 0.5% Fibonacci level, already showing strong indication of sellers stepping in and pushing price to 107.926. SL- 10 Pips TP- 80 Pips
About to bounce off TL and Support
Price is repeating itsef and has hit a key resistance zne again where I strongly believe price will reverse and move bearish!!!
Price has hit both Long Term Resistance as well as a Down Trend and also for conformation it lines up nicely with the strong 0.5 Fibonacci retracement area, therefore I predict there will be strong sell pressure in this zone!!!
Price is now hitting a area of support that was broken and is now acting as resistance!!!
This trade is pretty self explanatory, I have highlighted key support and resistance zones where price has hit and reversed and now price is moving bearish towards both support and an uptrend which also acts as another form of support. Price is going to struggle to get through this zone and therefore I believe it will reverse and move Bullish to the upside. It...
USD/JPY has hit a strong area of resistance that it has failed to break many times and therefore this become an area of interest for a sell as price is already showing signs of retesting this area 108.700. I believe price will fall too 106.520 This trade has a 1:3RR with a SL of 70 pips and a TP of 220 pips. Trade at your own risk!
GBP/USD has been bearish since mid April until it hit a crucial support zone around 1.20000 where price reversed hit the daily down trend and broke the TL. Price then rocketed to the upside where it hit an area of resistance which it failed to break and therefore reversed. I strongly believe price will retest and hit the TL again but this time it will act as...