the previous resistance level 1.33 got broken through yesterday by a bullish candle. the price has now dropped back to 1.33 after trading between 1.33 - 1.335 during the Asian Session. We now set the next target at 1.345 and sl at 1.32.
Since beginning of December GBPCHF has been trading between the 160 pips range. now we are sitting on top of the support. In higher timeframe, GBPCHF is on a long trend. as seen on the chart, three targets have been set.
As seen on the chart, we are sitting right above the support zone.
AUDNZD failed to close below the support at 1.1, not we are anticipating another up run towards T1 1.11 and T2 1.122 Lets wait and see how it turns out. Patience pays!
NZDUSD has failed to break the 0.703 level after enjoying the bullish run since the beginning of December. Now 0.702 level is being tested again, my guess is it will fail to break higher in 2017
Key Level to watch 7600. this all time high level has been tested few times this year and UK failed to break above this level. Now we are trading at 7550 level, my bet is we will see UK100 to come back down to 7450 then 7330 levels before the end of 2017. Patience Pays
we are watching as the right should is forming, let's see how the 4 hours candle closes
Hello KEY LEVEL to watch : 1.29 this level has been tested 3+ times in the second half of 2017, will we see it break this level, i bet not this year. entered two short trades wit 130 and 207 pips targets stop loss set 20 pips above the resistance at 1.292 patience pays!
Another trade setup for this week is AUDNZD. AUDNZD has been bullish since June/July this year from 1.04 - 1.11 700pips. The trendline connects four low points, lets trade this bullish trend continuation and target the high on 23 October at 1.128-1.13 region.
EURGBP has been trading within Zone B 200pips range since September. last trading session has taken EURGBP to the button session of Zone B. On Monday, we will be looking to long with target set at 0.896. If it breaks below 0.872 with a strong closing candle,we will then short EURGBP tp1 0.85 tp20.84
EURJPY bounced off the buy zone nicely yesterday, strong support at 131.1-132 level. EURJPY is trap in a 300 pips (132-134) box at the moment, lets trade this range before any resistance or support is broken.
AUDUSD, we are now approaching the key level at 0.764, resistance x trendline. Lets wait for the strong bull / bear candle to decide the next move! Upward target 0.774 downward target 0.744.
key level 1.75/76, GBPAUD has been trading right below that for 8 days. looks like to resistance is too strong at the moment.
AUDNZD failed to break twelve months low at 0.96,