This pair demonstrates good PA in recent times respecting channels very well. My anticipation is for this pair to break channel to the downside as that is in line with my idea on UsdChf (link attached). However trading is not based on anticipation alone, so I wait for confirmation. My plan is to let the price break the channel & than any pullback to lower wall of...
This pair is currently demonstrating good PA traits, respecting the channel quiet well. As you can see recently it has broken to downside indicating further decline. Pullback to the channel lower wall should be entry price & stops inside of the channel at appropriate place.
If there is no major gap in next week opening than I will short this at top of the range with expectation that it will retest mid range price @ 118.50 level
GbpAud - my analysis suggest 2.23XX is the yearly high for now & price will keep plummeting from here onwards. My long distance target is 1.85XX. I understand it is long shot atm but I believe it is possible in forex trading.
Short Idea .... any one here with same IDEA ?
Stops above the swing high. 1st target is 1.0725 and remaining need to be left to run for 1.0550ish
Trying to short EurUsd at current market expecting to form Cypher Pattern. Stops above the block.
Gbp is strong & Cad is weak atm, but however there is pattern completion & I dont want to do guess work here. So as a technical trader, I m shorting GbpCad at market to see what happens. Since the pair is super bullish, need to be mindful of PA in every timeframe & should be ready to pull the plug as soon as one think its not right trade.
Waiting for this order block to get used by big boys. Stops below the block & 90% profits to be covered at close to previous highs.
GbpNzd is at interesting level & is struggling to go higher..... Shorting here with an anticipation for cypher completion .
Simple wedge pattern is what I see, its clear enough for anyone to see so it needs to be powerful enough to send price towards southward direction. Anyone interested ??
GbpUsd - Long trade from current level, stops below 1.4940
Anticipating area around 19000 to provide heavy resistance & price diving to sub 15000.
EurUsd monthly chart tell us story of its misery which is not going to stop in recent times. Supports which will hold price momentarily or will give swing reversal is @0.9955 - 0.9570 handle. Till this price is reached broad consensus will be shorting EurUsd.