As explained in previous post we explained that EURUSD would drop then continue its bullish momentum up to our psychological target of 1.2000. For a Day trade you can set up as follows: Short Order Entry: 1.13300 Take Profit 1,13200 Take Profit 2: 1.12800 Stop Loss; 1.13750 TRADE AT OWN RISK***
First target could be 0.95550 then our target on the extension 1.618 (0.96200) can be met. We then can expect a retracement to the 38.2% 0.95700. Stops should be placed below the previous Low.
Analysing the weekly and daily time frame we have price hovering and being rejected at key level (61.8% Retracement) However looking at the daily time frame we have divergence and oversold on the RSI. Key Confluence for downside target of 1.157500: - 200 EMA acting as magnetic support - Key structure level - Key retracement level. If price breaks below the...
Price on the weekly and monthly chart demonstrate price being at a key level (61.8%) retracement. That being said as seen on the daily time frame we have divergence with oversold on the RSI. On the opening of the market (for those day traders) price can reach 1.6000 then we may begin to see bearish PA. Our first downside target is in confluence with key structure,...
Have a bearish Crab formation with bearish candlesticks on the weekly time frame at key resistance. Our first downside target is 137.000. Once this target is met our next target would be 134.850 then 133.400. However, once each target is met PA confirmation is required to hold onto the positions. We have lower highs which represent bearish momentum. For day...
Can expect a retracement up to 100.350-100.500 on the opening of the market then a continuation to the downside to targets of 99.900, 99.400 then 98.750. Once each target has been hit PA must be analysed before keeping positions. However, on the opening of the market price can also continue to the downside without an retracement. We must wait for the opening...
Looking bullish first target being 0.78300 then 0.7900. Can see the harmonic pattern has been completed and bullish momentum has continued. we have higher lows. We have 3 scenarios here: 1) Price can either decrease on the opening of the market to the trendline to give a possible 3rd trend line bounce then continue to the upside targets provided. 2) Price can...
For the past few weeks I have outlined our psychological target is on the upside of 1.2000. We can expect a downward move on the opening of the market (down to the trendline) forming a harmonic pattern. If Price continues to increase and breaches 1.14800 then our first target of 1.16500 should be hit followed by a retracement to 1.14500 then up to our target 1.2000.
Still long on EURUSD as outlined a few weeks ago our psychological target is 1.2000. Trade Setup as follows: Long Order Rate: 1.12350 Take Profit: 1.12750 Take Profit 2: 1.13450 Stop Loss: 1.11950 However, if price reaches 1.12500 then bearish signals appear stop loss should be adjusted to 1.11450.
Expect a retracement to 1.12500 then a contiuation to the upside with our first target being 1.1300 then 1.13500.
Our first target being 2080.0, we then can expect a retracement to the trend line then a continuation to our second target of 2070.0. However, careful once target 1 has been met. If price breaks above the trend line then our targets are no longer valid.
If price breaches 127.20 (Red Horizontal line) then price may continue to 124.00.
Target being 1.90400 as the amd stop loss 1.89750. This pair can also reach 1.90950.
GBPUSD our psychological target is 1.6000 within this year. However our weekly outlook is to 1.5300-1.5450. If price breaks above 1.52850 then we are looking to enter at 1.52900 to our first target of 1.5300 then to 1.5400 with a stop loss of 1.52650. (HOWEVER PLEASE CHECK CANDLESTICK FORMATIONS ONCE EACH TARGET HAS BEEN MET). If price breaks below 1.52535...
Our psychological target for EURUSD is 1.2000. However, for this week we are looking bullish to levels 1.1200-1.1300 then eventually 1.1400. However, to find the best possible entry we have dropped down to the smaller time frames. If price breaks above 1.11350 on the opening of the market then we are looking to go long to our first target of 1.1200 with a stop...