Downside targets being 1.1000-1.0900. Stops aroung 1.10750
Targets on the upside of 124.850 then 126.000, Stops around 121.300-121.000
Targets on the downside being 1160,1150,1142. Stops should be placed around 1190.00. Safest stops around 1205.00. Market on the opening may rise so look for a clean entry around 1170.00-1175.00
First downside target being 4350 then 4275. As explained on chart on opening of the week price can move up to 4475-4480 (Red horizontal line) then drop to our targets.
First downside target of 53.3, then 37.90 (Must be reanalysed once TP 1 has been met) Safest Stop loss should be placed around 69.20-70.00. If price breaks above the trend line then we can see further bullish momentum.
As explained a few weeks ago we outlined our physiological targets were on the upside of 1.2000. (See Previous Posts) For swing trades stops should be placed around 1.07000-1.06500. For Day traders stop losses should be set accordingly.
Target being on the downside of 2.064745
Target on the upside of 138.800 then 140.000.
Target one being Support level then target 2 0.75330, target 3 0.74700
Downside target of 1.22700. Stops should be placed above 1.23950.
The overall sentiment of this pair is on the short side. My longer term predictions are that the Chinese Yuan would increase in value as the dollar will weaken heavily by October. However, for this day trade we are looking long.
First Target being 0.75300 then 0.74500. Once 0.74500 has hit our next target would be 0.73000 however PA must be confirmed beforehand. Stops for swing traders should be placed above Resistance around (0.76300)
On the Weekly time frame we have a 61.8% retracement with lower high formation and oversold on the stochastic. As you could see on the chart price has breached and closed below the asymmetric triangle. On the opening of the market we can expect price to reach 138.800-139.000 or a straight continuation to the downside. our downside targets for this week are...
As Explained in previous posts, our psychological target still remains at 1.2000. On the opening of the market we can expect price to drop tp trendline (1.10500). However, if price breaks below and closes below the trend line and red horizontal level then we can see further bearish momentum. As Explained on the chart, we have a descending channel representing...
As outlined in the previous posts at the beginning of the week we outlined price would drop then continue it bullish momentum up to our psychological target 1.2000. We have a bullish harmonic pattern with oversold on the stochastic. Waiting for the bullish candlestick confirmation. Safe stops would be below "X" and our first upside target being 1.12800-1.13000....
At each Take profit PA must be confirmed to either add to the position or take profits. Stops should be placed around 2130.