Reason: 1. Very convincing uptrend. I dont see a fundamental reason why price should reverse other than price action being at a level of prior reversal (look at candle chart). 2. Price still above the 120 MA.
Reason: 1. Strong dollar sentiment 2. Price on a bigger downtrend
Wait for a pullback to go short. Dont try catch a dropping knife. Sell if price sucks back up to that level. If price continues down well then Ive missed the move.
Reason: Price stuck in a range This is a strong support level, Im expecting Reversal traders to jump on and also some profit taking which will push price higher.
Reason: The weaker the pound gets the stronger this gets. I dont see the pound strengthening anytime soon. Strategy: Ill wait for long take profits at this level and then a resumption of the uptrend for break and pullback.
Reason: 3 rejections at this level. Quite close to the day level as well. If price does break up then I wouldnt expect too much upside.
Reason: 1. Good level for prior reversals Notes: Will look for price action reversal setup for a move back to 16400.
Reason for trade idea: 1. Uptrend 2. If daily level broken then long is on. 3. USD strength (JPY weak) Notes: 1. Wait for break at daily level.
Reason for trade idea: 1. Strong USD sentiment 2. If price breaks this daily level then Ill look for a long opportunity. Notes: This level is strong candidate for a reversal however there are no big news events to cause a dramatic change in sentiment. Watching for signs of reversal but first option is for a break and then long.
Rason: 1. Strong downtrend line has been broken to the top. 2. 3 rejections at 100 indicates a strong bottom 3. Are of confluence. Swing point + downtrend line Tactic: Ill wait for a reversal signal at that level.
Reason: 1. Obvious selloff 2. Pullback to a main daily level Notes: If pulls back before NFP then I will enter prior to the news release.
Reason: 1. Strong day level 2. Prior reversal Notes: 1. NFP tomorrow will tell us if its a continuation of reversal
Reason: 1. Strong level. A few reversals here in the past Notes: Will be waiting for some confirmation before shorting this mofo.
Reason for short: 1. Price has broken a daily level Notes: Will wait for a pullback to the 17.99 or 18 level before entering a short. Will also wait for NFP results to determine sentiment.
Reason: 1. Market ranging 2. Very strong established level. Many reversals Notes: Will wait for NFP to see.
Reason: 1. Established downtrend line 2. Pretty decent day level with many failed attempts to break through NOtes: Will be waiting for a signal to short
Reason for trade idea: 1. Very strong reversal level 2. Price ranging If the trade doesnt work out at this level then Ill look for short at the weekly level. If that breaks then Ill be looking at longs.