Technician

Technician

My trade is to go long the EURUSD above the key 1.1660 level, and key low. Risk reward is attractive with good upside potential. I would stop my loss if price breaks 1.1660 with at least a daily closing. In that case correction might extend. But even in that case, i will be looking to long the EURUSD at lower levels. I remain overall positive euro and negative...

Technician

EURCAD is a at a crossroads in my view. As it retested the previously broken rising trend line, in addition to the 50-days simple average and 1.4812 key resistance, and shown rejection last week. I will be looking to short with targets near 1.4480. If we break above 1.4812 resistance, the short setup will be invalidated. I will be buying with first target near...

Technician

It is likely that the NZDCAD attempts to resume the overall bearish wave this week. As it was rejected of the falling trend line last week, forming a shooting star candlestick. Best Technician

Technician

Looking to long AUDUSD this week. Following the recent selloff the price formed a hammer candlestick at the key support area. A confulence of horizontal support and fibonacci retracement level. The trade idea will be invalid if breaks below 0.7780. Trade with care Technician

Technician

Another key level to watch. A break down below this area of support shaded on chart should complete a trade setup. Best Technician

Technician

Perfect head and shoulders formation but still awaiting a breakout below neckline to confirm. Target - if broken- is outlined on chart Best Technician

Technician Updated 

EURUSD has broken multiple support levels and that warns of the ongoing short term bearish correctional wave to extend. However i see this as a mere pullback before resuming the overall longer term bullish trend inline with my prior analysis here .. A retest of the broken support-turned-resistance area outlined on chart should be monitored for a confirmation...

Technician

This chart has helped me earlier predict the breakout above the long term resistance and sideways range. See related link below. This is one of the key chart to watch if you are trading the EURUSD 0.05% pair. The inverse relation between: -U.S. 10 year yield Subtracted by German 10 year yield (Top chart) -EURUSD (Bottom Chart) A simple chart that illustrates...

Technician

Multiple support level were taken. Rising trend line and horizontal support. That came after major two rejection and failure to hold above 0.8065 resistance and high. Looking for more downside for this pair. Best Technician

Technician

Another potential trade in the USDJPY, as the price approaches the 1.618 extension for latest bearish wave in addition to the 78.6% retracement for the overall bearish wave. This is just a highlight for level, and it is not forecast or a trade yet. A confirmation that this is a valid resistance remains needed to initiate the trade. Will be posting on new...

Technician

At a confluence of : 200 days simple moving average Horizontal resistance area around 1.6700 Shooting star candle NOT a forecast or trade yet. One more confirmation is needed over the four-hour chart to initiate a trade. Best Technician

Technician Updated 

Double top at falling trend line Short at : 1.1040..... T: 1.0865 .... SL: 1.1117 ... Risk: 2% For more details and all Stats goo.gl Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%. -A Single or few trades result...

Technician

The price has successfully broken and stabilized above the neckline of a gigantic inverse head and shoulders pattern. I suggest two targets for the pattern, one conservative and one longer term target. Any pullback should be considered an oppurtunity to long on any shorter term confirmation. Trade with Care Technician

Technician

A good area to look for trend resumptions setups. The price is retracing towards the area where the rising trend line meets the horziontal support region. Keeping my eye on that potential support for confirmation of a trend resumption long trade. If we break that support, we will get possible short trade. Lets wait and see what the markets throws.. Best Technician.

Technician Updated 

Inline with my prior over all analysis i have bought GBPNZD. I entered at the test of support confluence of rising trend line and horizontal support as shown on above. Long at : 1.7951..... T1: 1.8080 ..... T2: 1.8275 .... SL: 1.7872 ... Risk: 2% For more details and all Stats goo.gl Disclaimer: This is my trading experience, it is not an invite...

Technician Updated 

Shorted at : 0.9203 ... TI: 0.9120 .... T2: 0.9050 .... SL: 0.9260 ... Risk: 1.5% Based on my prior idea Best Technician

Technician

GBPNZD has broken out of the sideway rectangle pattern, the breakout was confirmed by daily closing and therefore i will be looking for two targets as outlined on charts. I will treat any downside pullback as long opportunity. (This view is valid, unless some unexpected news come out during the weekend) Best Technician

Technician

One of the pairs i am looking to short next week. EURGBP Completed a short to medium term top in my view. The price has hit long term resistance at 0.9225 and penetrated but failed to hold above to retreat and close the week below it. On the four-hour, the selloff has broken below the rising trend line shown on chart and completed a head and shoulders...