Just opened a short position on this pair as we have just seen a wick above and close below the 4 Hour resistance level. The hourly time-frame also had a bearish engulfing candlestick formation from the resistance level. In addition to this the volume has also stepped in due to the american open which can help carry price to the downside.
Target set at the 123 psychological level. Looking for a bounce from current price as we are sat around multiple support zones. Lots of bullish volume on the higher time-frames can help price snap through the weekly resistance level.
Looking for EURJPY to break the consolidation that it has been confined within and rise for a retest of the weekly key level marked.
Current price action looks to be rejecting the support zone it is sat on. This could lead to a price reversal and a target of 1.2975.
Looking at a rejection from this current region for a price fall into the 104.2 zone as marked.
I believe this pair has just found support. Hoping to see a bounce from current price action for a good 100 pip leg to the upside. Top target of 123.2. I also have other profit taking regions such as the weekly level and 4 hour resistance level. Trade safe.
Looking at a bit of weakness coming into this pair. Would be looking for a pull back into the 1.2995 to 1.30 region where potential short positions can be opened. Target area of 1.288, Over 100 pips. Trade Safe...
Looking for a ride down into the 0.658 region marked on the chart. Hopefully we can see a pull back to 0.665 where I will be looking for entries to ride this pair all the way down. A nice 70 Pip move or so, Good Luck...
Seeing lots of choppy price action around the current region. My bias for now remains Long as I believe we can be rejecting this psychological level of 124. Aiming for a long up to the 4 Hour resistance where take profit will be placed.
I believe this is where we could start to see a reversal form for GOLD. I'm expecting a breakdown over the coming weeks with a target of the daily support level marked on the chart.
I see Bitcoin reaching $13,200 soon. I have been calling this move for a few weeks. Price just needs to break the descending trend line then we could see a fast move towards my target region. This would be a 25% gain from current price action...
I'm looking at a little 40 pip pullback on EURJPY after the nice drop. Currently resting on a support level. Eyes set at 124.400, Let's see...
The pull back that I posted about to 0.662 has come through. We are however in a downtrend so now the best option is to scope out some entries for a short all the way to 0.64... I see a 200 pip fall coming through in the coming weeks. However, be aware as price could potentially rise to 0.665 before reversing. Higher time-frames need a wick ;)
I believe that Gold can be making a pull back to $1930 to retest the support as resistance. As you can see this is a major level that has held strong on multiple occasions and so needs to be retested. If this comes through it will be a lovely 400 pips profit.
We are currently around a nice resistance zone with multiple confluences suggesting that we have more downside in sight. I believe that this is the perfect level for a reversal and a big sell off all the way to 121.20. Before this happens I believe there could be a little bit more upside possible with a further wick rejection. Overall this is roughly a 350 Pip...
So we are in the middle of no mans land. However we do have a few levels around us that can help us identify which way it will be heading next. My personal opinion is that we will see a breakout to the upside and get an opportunity to grab long positions up to 1.30.
So price has recently managed to break and maintain itself above the 4 hour resistance level which has now turned support. I believe that we can be seeing a minor pullback and the a continuation up to the 106.00 psychological level.