The last candle on an hour Time Frame seems like the bearish guys has come to play but for quite sometime price has been pushing towards the upside, so till price closes strongly below 142.200 levels we will be looking for a nice shorting opportunity otherwise the reverse becomes the case, also don't forget the underlying market direction.
a sell stop initiated for today use proper risk management
Taking advantage of the recent short term JPY strength against the NZD.
There's a for a fact that the general bias that the direction of the market is downside but that doesn't mean that one shouldn't make good use of opportunity when spotted, risk most be taken, a double bottom has been formed so we take a risk to the upside with a good RR with respect to the equity.
MTF, momentum strong on the downside WTF, There's no sign of redemption, everything looks bearish DTF, Its not a time to think reversal as there's no sign of bullish momentum and there's still chance of reaching 1985 lows and beyond, the question now is when? meanwhile there's still slight chance of reversing to the upside which might also create an opportunity...
Monthly Timeframe, The market has closed with a strong bullish candle, will there be a continuation to the upside or are we expecting some retracement? Weekly Timeframe, bound by a wide range between 0.82 regions and 0.92, that's way back from 2017. Daily Timeframe, seen a creation of higher lows and higher high seems like a confirmation of a bull run at the...
Thinking of reversals I pick GBPUSD as price might try to recover from yesterday's loss
I will be looking for an upward direction on the AUDJPY pair as I perceive that the short term retracement is over and set for the trend continuation the upside.
AUD has been proving strong and JPY might be weak across board how long is this trade going to hold before reversing?, Would the trendline still be respected for a retracement?
A strong JPY and a weak CAD is what's needed in the short term for this idea to work, if those structural levels are respected once again.
Will be scalping GBPUSD on the buys as price has more chance of going up to create more opportunities for the downside if and only if this isn't the reversal we're waiting for. Also keep in mind that USD has been strong for a while so use proper risk management
Trendline + opening price area, a nice confluence for going for a short longs
EUR has been strong for a while, messing around with any previous buy orders from retail traders, is it time for the sell trend continuation, who knows....? if prices behaves well and fails to break above the 4hr trend line above I believe its time to create a lower low on higher timeframe which make us to see a massive sell off on the lower timeframe
The sudden momentum shift might be triggered by many factors and one of those is a question of the dollar strength, So from the analysis the anticipated move is up, however there might still be a possibility of price breaking and continuing downwards
EURAUD has been on the downside on the last analysis provided during the weekend, was talking about a buy scalp to a a level which will provide us a opportunity for a sell movement.
Remember that the trend is down now the thought process is that if price to break above its then proposed that EUR is strong at the moment meanwhile if goes otherwise it is what it is.
EURAUD might provide a short retracement to the upside before the continuation of the main trend which is sell
Monthly shows a strong bull run to the upside despite the fact that we did expected a reversal in the beginning but it is what it is. Weekly prints a strong momentum to the upside with an ascending wedge formation. Daily , we might expect a range within the weekly wedge zones for the accumulation for a further movement to the outside So in summary, we're...