Bouncing of weekly resistance, rejecting fib levels starting to see major push to the downside, if we break trend line and see the right amount of volatility pushing price to the downside and bulls don't manage to break 50% retracement we should see a push to 200%. If we DO NOT! hold 50% or any other fib levels and then see a push to the downside you do not enter....
NZDCAD - We have been in a 1Y downtrend and in a 6-month uptrend. We are just starting to break this CTL (counter trend line) so we are hoping for a swing trade and will obviously day trade this too. Expect entry into this trade some time today. Analysis - We can see how price is breaking the 6-month uptrend using our trend lines to add to this we are now...
Resistance zone 1D - Perfect bounce off the resistance zone of 0.97389. target is 0.91053 look for entry on smaller time frames. Fibonacci 1D - respected the 78% level and then continued the down trend. Moving average - Were now trending below the 25MA on the 1D time frame and all other lower time frames. Entry- Just looking for perfect entry at the highest...
Buyers lost control and we found exhaustion at 0.72620 sellers took control and drover the price away from the trend line which represents daily analysis. Sellers drove the price through the support of 0.71697 which we are now testing as resistance if we keep testing this level and show no signs of buyers and we see sellers keep control we will look to enter...
Had the bounce off of the monthly low of 0.92476 at 1D time frame. Tested and rejected the 50% fib at the price of 0.94354 next key pice test is a minor resistance of 0.97592 we need to break that price and test it as support within the next four weeks.
CADCHF broke 4H downtrend lines. 4H fib retrace hit 61.80% and shot off. You could say we tested the new support of 0.74636 and have bounced after breaking through and testing again with a pullback. We have Moving Averages crossing on the daily chart. We are looking for price to be tested at the resistance zone of around 0.75699.
trend analysis on the 1D chart using turquoise trend lines, jump down to 4H time frame for entry and wait for confirmation.
We have been on a monthly downtrend from the price of (0.81356) - (0.70213) we are starting a weekly uptrend from the price of (0.70213) We should break through all previous resistance and test these as new support and hope to end up at the price of (0.77098) Which is a 61.80% fib retrace hitting TPS along the way at 38.20%, 50% and then 61.80%
Past a key support level at 0.73106 which has now been tested twice as a new resistance level hoping to see . Mix that with price action and fib-retrace we have calculated a three TP (Take Profit) trade.
AUDUSD has just touched a crucial resistance level and has just show a pin bar or inverted hammer. Short @ 0.72045 SL 0.72723 TP 0.70460
Will see a double top @ 114.587 and a retrace to 113.159 then either downtrend breakout to 111.427 or a break up surpassing 114.587 breaking the resistance and making a new support. Multiple rejections @ 114.000 on the monthly time frame.
EURAUD has hit a crucial price testing point of (1.61454) we have seen rejection at this price two times before. Multiple rejections at a price point indicate a reversal. if we start to see a bullish takeover we will look to take a long position. If we see price rejection and a bearish presence then we will look to take a short position. Could potentially see some...
Looking to take a long position as it bounces off the pivot point.
Hit major support at (230.50) Will buy and hold and hope to see bulls take the price to (606) which was a major resistance back at 06 May 2018
Bears pushed price through (1205.911) should see them push the price to (1127.265) Adjusting SL along the way TP is at (1127.265)