GALACTICtradingspace

GALACTICtradingspace

645 PIPS IN THE BANK. The pair has completed an impressive 645 pip move. The pair is a few pips shy of the key 21.00000 institutional level.

GALACTICtradingspace

CADJPY bullish flag pattern. After the retest to the broken resistance now turne support, the pair looks forward to testing 112.200 highs.

GALACTICtradingspace

EURNZD weakness expected to persist as we appproach london session. The pair is in a clear downtrend. 1.74000 level is my target projection.

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This trade is a success. The EURZAR has rallied over 300 pips since the bounce from the uptrend low. T he pair has hit both take profits @20.60000 and @20.750000. Earlier analysis highlighted the key 21.00000 level as our long term target.

GALACTICtradingspace Updated 

TP 1 @20.60000 HIT. We now focus on H4 closure for TP2 @20.750000. The pair has traded sustainably above 20.50000 key leve.

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LONG POSITION; TP1 20.60000; TP2 20.750000 The pair has formed a bullish confirmation candlestick in the H1 chart.

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This is an update to yesterday's post. The pair has formed a considerable support after the fifth touch at support trendline; This calls for long term buy move towards the the key 21.00000 Psychological key level.

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Tis is a long term idea on the EURZAR. The pair has rejected support once more for the fifth time; This rejection might give the buyers a chance to close this above 20.50000 for an eventual long term purging of the key 21.00000.

GALACTICtradingspace

The pair has hit tp and taken the 1.75000 key psychological level as highlighted earlier in the previous post.

GALACTICtradingspace

Three drives of price at support and failure to break below. This shows that the buyer volume at this level is very strong; Expecting the pair to rally and take out the key 1.75000 key level.

GALACTICtradingspace

The pair has completed a continuation pattern and has hit the overbought 70 Rsi level. Expecting a 30 pip fall.The CAD cpi released yesterday expected to give impetus to the move.

GALACTICtradingspace Updated 

The pair has retested 20.50000 key level. We would like to see a rally towards 20.65000 level as indicated on the chart.

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EURZAR has hit TP2 as explained earlier. Sustained closure above 20.5000 level takes us higher the levels towards 20.80000.

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The pair has hit Take profit 1 as explained in my earlier posts about this set up. 20.50000 Key psychological level has been purged. Having seen a close above this level gives the bullish bias more preference going forward. 20.80000 level is open for testing in the upcoming sessions.

GALACTICtradingspace

This is an update to the eurzar long post. The post was made pre-london session open. So far so good.

GALACTICtradingspace

Seems like this pair has found meaningful support at the H4 uptrend low. The CPI rally has also been retraced. The exotic pair now aims to trade higher back to the psychological 20.50000 level.

GALACTICtradingspace

The pair cleared the equal highs as highlighted in the las analysis; The pair subsequently dropped to test the left shoulder of the inverted H&S. In this analysis i expect a rally back above 20.50000 psychological level.

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Head and shoulder (inverse) after rrejection of the support zone. The pair has established a divergence in momentum against the Rsi. Our target is the equal highs as indicated on the chart.