Forex_Positive

Forex_Positive

Looking to enter long if AUDNZD retraces to the breakout zone of 1.1030-50. This is also the 50% FIB retracement level. Long AUDNZD 1.1040-50 SL 60pips TP 1.1200 ===== www.ForexPositive.com Twitter @ForexPositive =====

Forex_Positive

Bearish bat harmonic pattern Short AUDCHF 0.8630-40 SL 50-60pips TP1 0.8500 TP2 0.8400 ===== www.ForexPositive.com Twitter @ForexPositive =====

Forex_Positive

Very clearly defined support/resistance zone in GBPJPY from 172.40-70. This zone has been in play since April 2014. Look to enter short on re-test of this zone. Short GBPJPY 172.50-60 SL above 173.00 TP1 171.00 TP2 169.50

Forex_Positive

GBPCAD consolidating within 1.7960-1.8660 since Feb 2014. It has bounce up from almost all FIB retracement levels, 38.2% 50% 61.8% 70.7% 78.6%. The only remaining FIB level not tested yet is the 88.6%. Based on the evidence of price action, i think GBPCAD should bounce up from 88.6%. Enter long around 1.8040, the 88.6% FIB retracement level. Long GBPCAD...

Forex_Positive

Harmonics provide the clues. There is a bearish gartley harmonic pattern. This could be the third point we are looking for. Short EURAUD 1.4510-20 SL 1.4560 TP 1.4400 ===== www.ForexPositive.com Twitter @ForexPositive.com =====

Forex_Positive

EURAUD trading within a resistance down trend channel. This is a huge long term timeframe channel, with point 1 starting since Jan 2014. EURAUD is nearing a potential point 3. Where to short for point 3? Harmonics might provide the clues. Lets zoom in nearer to take a closer look. ===== www.ForexPositive.com Twitter @ForexPositive.com =====

Forex_Positive

Strong pivotal support/resistance zone around 0.8390-0.8410. NZDUSD has drop from 0.8800 with little bounce. The players who are short starting 0.8800, should be taking profits around 0.8400. Look to enter long around 0.8400, expecting a bounce up as shorts cover to take profits. 0.8400 is also near the previous swing low. Long NZDUSD 0.8400-10 SL 0.8350 TP...

Forex_Positive

On the fundamental side. EURUSD has come a long way down from 1.4000. Ever since ECB announced negative deposit rates, cut interest rates and a whole host of monetary policies. With easy monetary policies for Euro for the next few years, the fundamental economic factors are bearish EURUSD. On the technical side, there is a technical support level around 1.3300....

Forex_Positive

Bearish gartley harmonic pattern Short USDJPY 101.90-102.00 SL 102.40 TP 100.80 ===== www.ForexPositive.com Twitter @ForexPositive

Forex_Positive

Possible third point on the rising trend line. Long at the 88.6% FIB retracement. Long NZDUSD 0.8450-60 SL 08400 TP final 0.8800-40 ===== www.ForexPositive.com Twitter @ForexPositive =====

Forex_Positive

I'm waiting for a big dip to buy NZDUSD. After falling 140pips from the peak at 0.8830-40, this represents a good opportunity to buy for a bounce. 0.8660-70 is the 38.2% FIB retracement level & weekly S3 pivot support. Long NZDUSD 0.8660-70 SL 0.8610 TP 0.8840 ===== www.ForexPositive.com Twitter @ForexPositive =====

Forex_Positive

Scenario #2 (if bearish USDJPY) If the pivotal support/resistance at 100.60-80 fails to hold, and USDJPY makes a clean and decisive break below this level, there could be lots of stops from long positions to be triggered in the red circle. With the next significant support 300pips away at 97.00, market could attempt to go for the short side. In this case, short...

Forex_Positive

Scenario #1 (if Bullish USDJPY) If the long term support zone since Sept 2013 holds, then USDJPY is trading within a 200pips sideways range between 100.60-80 to 102.80-103.00. A good risk/reward trade would be to long USDJPY around 100.60-80. With target profit at resistance zone 102.80 Long USDJPY 100.60-80 SL 100.00 TP...

Forex_Positive

Scenario #1 (if Bullish USDJPY) If the long term support zone since Sept 2013 holds, then USDJPY is trading within a 200pips sideways range between 100.60-80 to 102.80-103.00. A good risk/reward trade would be to long USDJPY around 100.60-80. With target profit at resistance zone 102.80 Long USDJPY 100.60-80 SL 100.00 TP...

Forex_Positive

Bullish bat harmonic pattern Long GBPJPY 172.70 SL 172.20 TP 175.00 ===== www.ForexPositive.com twitter @ForexPositive =====

Forex_Positive

Bearish gartley harmonic pattern Short NZDCHF 0.7880 SL 60pips TP 0.7650

Forex_Positive

AUDCAD following bearish channel very well. This is a counter-trend trade. But the risk/reward is good, as we going long near the lower band of the bearish channel. Wait for re-test of 0.9940-50, which is last week's low. Long AUDCAD 0.9940-50 SL 0.9900 TP 1.0100 ====== www.ForexPositive.com Twitter: @ForexPositive =====

Forex_Positive

NZDJPY nearing resistance zone. 90.00 seems like a strong resistance zone. Short NZDJPY 89.90-90.00 SL 90.50 TP1 88.00 TP2 86.00