I am Currently going SHORT on this pair and taking 1.38000 as my overall target.
On the Daily Time frame here we have seen a Head & Shoulder Formation with price recently breaking the neckline and finding some Support just past the Monthly Key Level of 1.46000. I was expecting a pullback to have a retest of Resistance before Sellers taking back over and this...
Currently seen AUDUSD form a Higher Low with price stopping just short of the Daily Support @ 0.77875.
Since we have seen price break out from the trendline to the upside with a nice retest, I believe we can now potentially see more upside movement to the Monthly Resistance Key Level @ 0.81.
Looking to see further downside on EURJPY here if price can hold the Fib Retracement region @ 61.8%.
We have seen price break the trendline and bounce off our Monthly Support Key Level @ 128.000 to form a pullback. There is now opportunity to take a Short Position after we have seen the markets retest the trendline forming some indecisive candlesticks sitting on...
After the positive NFP Reports on Friday, we are now seeing the Dollar gain back some strength which has seen FX:USDJPY form a Inverted Head & Shoulders for a possible trend change back up to the upside.
Technical & Fundamental Analysis are strong here supporting this LONG Trade idea.
Recently we have seen FX:USDJPY reverse from the Major Resistance Level @ 114.000 with Sellers taking back over bringing price straight back down from the Bullish run we had experienced.
This pair has been creating some really nice structure in this current Downtrend with a series of Lower Low & Lower Highs. I believe there is now opportunity to start selling...
Fib Set-up on the Daily chart for USOIL. If this trendline holds then this would complete the Higher Low. Long term trend should then go on to seek 57.50 for the Swing High to be made. Also holding weekly support on the 61.8% fib.
USDCAD - Nice uptrend here on this pair. 50.00% Fib holding nicely where the new Higher Low was formed. A break of this Counter Trend Line just below 1.34000 we could potentially form a new Higher High around the areas of 1.36500/1.37000 where are Weekly Resistance is.
As you can see from this pair, Head and Shoulders has formed on the Daily Chart for USDJPY. In my opinion I would SELL this Pair to take some big profits as it is very BEARISH and has been for the past couple of days. You will be able to see other Head and Shoulder Patterns be formed on the different time charts for this pair too. FX:USDJPY
On this chart we have USDCHF. By pulling out our FIBONACCI EXTENSION tool we can measure our PRICE TRAP zone to create ourselves some LOW RISK entry points in the market to REDUCE our loses.
The points to measure are from the LOW (0.92555) to the HIGH (1.03226) back to the most recent LOW (0.94450) and you will be able to notice that our PRICE TRAP zone fits...
If you measure from the last High (1.17110) to the Low (1.05146) then back to the most recent High (1.16130) you can see that price now sits around the 50.0% Fibonacci Level.
By drawing this price trap box what you see on the chart, the grey area shows where you will be making profit from the market. For a BUY STOP you will enter your trade at the top of the RED...
