AUDCHF reached an area with accumulation of volume, we have a bearish trend in bigger time frames. The price is testing trend line and bullish momentum is loosing strength. Wait for confirmation to take a trade.
Pound reached an area with accumulation of volume which is also the 61% of the Fibonacci retracement (golden zone) and support area. Is very likely to see the pound getting strength in the next couple of sessions.
Longing the cable. Pound reached the support area I was looking for in the previous post, I expect a bullish run in the next couple of days/weeks. 200EMA and 50EMA crossed in 2h time frame. according to Forex sentiment 63% of the traders are Longing the pair, this is not financial advice but my views on the pair. Make sure to use proper risk management and I wish...
GBPUSD short! There's a lot of volume in the current area, the Pound is testing the 200 TEMA and downtrend channel., is very likely that it re-test the 1.36 area and the main target is 1.34.
Short set up in this pair. Golden cross between 50 and 200 EMA, Price is rejecting a resistance zone.
Rejection of resistance, could possibly test the support at the 50% of the fib.
EURJPY respecting 61% of the Fib aka previous resistance, RSI oversold, and respecting daily trend line.
It looks like it can potentially be a head and shoulders formation, wait for confirmation and sell @105.761, expect around 100 pips
Still a Bullish trend, we can expect new highs. The price has reached previous Support at 50% of the Fib, it can break it and test the next support at the 61% of the Fib, Buy Stop @ 1.18610 and expect around 100 pips.
AUDUSD reached previous support and 61% of the Fib. According to CoT institutions are still going long so we can expect new highs, don't act until the market continues its bullish trend.
We have a DOJI candle in the 4h chart, the market is overbought according to the RSI, and we have a Harmonic pattern. Wait for confirmation to sell @1.19121 and expect around 50 pips.
Wait for rejection of the support level, then buy @105.509 and take your profits @105.970, SL @105.182
possible retracement to the 50% of the Fibo, right now is not a good moment to trade, wait for break out! then go with the trend.