LC_Trading_

LC_Trading_

GBPUSD has been consolidating but is currently testing Asian highs, we will be looking for buys if price is able to break and close above the key area of resistance at 1.35700.

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The dollar has gained some significant strength after printing positive NFP numbers on Friday, this may lead to a reversal on EURUSD, a head and shoulders pattern has formed and price is currently breaking previous structural lows. We'll be looking to take sells if price is able to break the key level of support at 1.14100.

LC_Trading_

AUDUSD has recently printed a clear head and shoulders pattern, this alongside with a strengthening dollar may be a sign that this pair is about to sell off. We will look to enter a short position if price is able to break and close below our key area of support at 0.71100.

LC_Trading_ Updated 

EURUSD might be ready for a swing to the upside. The pair appears to have lost its bearish momentum and printed a head and shoulders pattern, in the case of a trend reversal we'll be looking for buys above our key level of resistance at 1.11700. Given that there no major economic events driving the markets today, this move may take some time to play out. If the...

LC_Trading_

Yesterday, EURUSD was able to set new highs during the New York session and is currently in consolidation. We will be looking to go long if price remains bullish and is able to break above the key level of resistance at 1.13300. Leave a comment if you have any thoughts.

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GBPCAD has recently printed a head and shoulders pattern and might break the key level of resistance at 1.89300 going into the New York session volume. Comment your thoughts if you see any other potential outcomes.

LC_Trading_ Updated 

We're looking to go short on GJ after price has rejected the key level of resistance at 155.000, and completed the right shoulder of a head and shoulder pattern.

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The key level of resistance at 124.400 has been broken and is currently being retest. We will enter buy positions if this area is rejected and look to close the trade at the previous highs.

LC_Trading_ Updated 

We're about to go long on EURCHF if the current candle closes above 0.65600. Our target is the next high 35 pips away.

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EURGBP has been gradually creating lower lows and breaking key levels of support following head a shoulders formation. We will be looking for SELLS if the pair continues in this descending channel and breaks our key level of support at 0.83000. What are your thoughts ?

LC_Trading_

GBPAUD has been consolidating in a falling wedge formation, after a momentum driven push to the upside. We're expecting this wedge pattern to be broken and once that happens we'll look for buys above the key level of resistance at 1.92100.