On the daily chart, 20 and 50 Ma are both pointing south. We are now waiting for the 4 hour candle to close below 85.4 level to enter a long trade. as soon as this level is breached, we will expect to see it move down to Fibo 161.8 level quickly! Short order set at 85.3
Hello, This time, let's look at USDCHF. 0.945 ~ 0.95 zone has been respected several times since August 2015. As we can see on the chart, USDCHF hit and bounced off 955~945 level in October 2015/ April 2016/ May 2016/ June 2016/ August 2016/ November 2016/ July 2017, and now it is being hit again in August 2017 (trading at 0.9554 as we speak). Prior to 2017,...
6000 proved to be a strong resistance. lets look for a 60 pips small gain !
Hello, Lets look at AUDNZD today. 0.78 is a very significant level which has been serving as a resistance since Jan2015, prior to that, it got tested several times as a support. currently it is trading at 0.77, Stop Loss at 0.781 first target at 0.758 second target 0.73 Patience Pays!
Hello, USDJPY Key Level 114.4 - this level got tested two times this year, USDJPY hit and dropped without hesitation. It is now trading at 113.9, SL 114.4 TP1 113 TP2 111.8 happy trading, patience pays
Hello, Trading at 89.779 as we speak, 88.7~ 89.5 was a resistance level before being broken in early September. This level then got tested many times throughout the month of October. We expect CADJPY to be trading between the ange of 89.5~90.5 before significant news come along to determine the next direction. entered at 89.77 SL 89.45 TP1 90.15 TP2...
GBPUSD is sitting on the trendline as well as the support zone at 1.3 -1.35 level. After the bearish candle we saw yesterday, the next day or two will give us more indications. 2 scenarios: 1) if it fails to hold 1.3 and daily candle closes below that level, we will see 1.28 as first and 1.263 as second target. 2) if it holds and closes in green, we will see...
As per the chart, now we have got four key levels. With UK100 failing to beak above 7600, we can now target 7460 and 7320. It is trading at 7544 as we speak. SL 7600 TP 1 7460 TP2 7320 The Levels have been well respected. Hopefully the patterns follow! Patience pays!
EURCAD has just entered into the GREEN CRITICAL ZONE 1.473-1.48 area. As we can see, the area got tested and retested as both support and resistance since August and earlier this year. I think this pair will go sideway in the next couple of days before deciding the next direction. What's next? If we see strong bearish candle closes below 1.473, we target 1.465...
Shall we respect the box or think outside the box? In the opinion, i would think within the box first. SL 1285.5 T1 1274 T2 1273 T3 1268
HELLO, EURJPY As we saw last week, we entered the same trades at the same level. Now EURJPY went up and came back down to the demand zone 131.5 -132 . Lets do that again SL131.4 Entry 132.08 T1 132.7 T2 133.4 Patience Pays!
HELLO SUPPORT X TREND-LINE X PSYCHOLOGICAL LEVEL X 20MA USDCAD - trading at 1.27 at the moment. SL1.26 T1 1.28 T2 1.29
Critical Level 1.322 We could see GBPUSD was rejected at 1.32~1.322 level strongly i the 4 hour chart. Our bias is it will come back down to retest 1.31 level before deciding further. If we see a strong bullish candle closed above 1.322 on 4 hour chart, we will set a buy trade and target 1.33
Hello, As per the previous post, EURCHF has a bullish long term outlook, 1.2 is the long term target Now, this pair has just entered into the buy zone (50 and 100MA area) and SUPPORT now meets TRENDLINE. 1.155 - 1.157 SUPPORT ZONE, it is an opportunity to add more. It is now trading at 1.576, SL 1.155 Target 1.16 /1.1625/ 1.166 patience pays, happy trading!
Hello, The previous GBPJPY failed as the resistance level of 147-148 got broken through and now it looks like it has become support for the long trend. this level got tested three times in two weeks Now, we are looking to entering a three long small positions at 148.6 SL: 146.8 180pips TP: 150.9 - 220pips 152.6 - 400pips 159.6 - 1100pips pateince pays, happy trading
Hello, GBPAUD is trading at 1.692 level right now. If we look at the daily chart, we can see that GBPAUD bounced off 6 times in October at 1.7 level. We were waiting for an entry closer to 1.7 level but it stopped at 1.696 before moving back down to the current level. Entry 1.692 SL 1.701 - 90pips TP 1.68 - 121pips Risk and reward is not as great as the other...