As you could see on the monthly chart we have two key scenarios. It would become more clear once we drop down to the weekly time frame. However, as you could see price has breached above the downward channel demonstrating bullish momentum. This strength of the bullish momentum can be argued through the Divergence seen on the RSI and the chart. This therefore,...
For the meanwhile this pair is looking short to downside targets of 182.500 possibly lower. For those of you who are looking to enter short a break and close below the mini yellow trendily would be a good entry. However on the longer term picture we are looking longer to the "D" on the red harmonic pattern around 187.930. If price does not drop down to the...
Overall we are long on this pair through conducting our top down analysis. On the monthly, weekly, daily time frame we have bullish signals. However, analysing the 4 hour window it seems as if the 5 Impulse wave is in play. If the 5th wave does complete around 0.64800-0.6500 we then can look for bearish signals for the corrective wave. However if price breaches...
Looking Short on this pair as analysed previously. It the harmonic pattern is breached then the trade setup would be breached. There is still space for upside movement to "D" however we can set up an order rate around 91.750 then move it up if price continues up to "D". Stops should be places above X. ***TRADE AT OWN RISK***
As seen on the Weekly time frame we have further bullish signals which relate to the monthly chart. As we have distinguished the overall bias for the Monthly chart is bullish then we would look for the bullish signals on weekly time frame. However, if price does breach and closes below the trend line as explained on the monthly then we would be relating back to...
EURUSD looking bearish. All of our targets have been met. However, if price breaks and closes below 1.11260 then we can possibly see further bearish momentum to downside targets of 1.10500 then 1.1000-1.09500. (Careful of false breakout). There are two patterns Rising Wedge (Continuation to downside) and a 5 wave pattern within the channel. We now await for the...
EURUSD Non farm pay rolls analysis. If the NFP is negative for the USD we would see bullish momentum to our upside target of 1.12500 (possibly higher). If NFP is positive for USD then we can see movement down to our targets of 1.1000-1.09500. We have our safety and management levels in place which would help us determine where to enter the market. Trading the...
Have been saying for months that our target for GBPUS target is 1.6000. Price reached close to this level Mid June and late August. However, we are all about risk management and safety within the markets. As you could see on the chart price has been rejected to the downside "DPR" 4 times. These 4 levels sit on the 61.8% retracement on the weekly time frame....
EURUSD looking bearish on the opening of the market. All about patience. We will wait for the Long setup for the swing trade and day trade for the short setups. As outlined on the chart we have safety levels set up to help us determine in which way the market will move. If Price breaks and closes below 1.11200 then we can see down side movement to the "D"...
Links with the analysis uploaded over a month ago. Trade looking strong for the sell. See linked idea.
Trading is all about confluence and looking for the right structure, this is in confluence with the other previous analysis posted giving us an high probability trade setup. See linked analysis.
Best time to enter the trade is the break out and close above the falling wedge. Stops should be placed below. Trade at own risk.
Looking short to downside of 185.700 then possible 185.000
Possible short setup, if price breaches and closes above then can expect further upside movement.