TheeC

TheeC

EURUSD broke the strong resistance. It also broke the dotted trendline resistance and retested on it to go even further. It is now approaching a higher, and stronger resistance. We are looking for sell opportunities on this pair... A double top might form on the 4 our timeframe, after a bearish engulfing candle we can sell. SL : 1.1900 Target 1 : 1.1800 Target 2...

TheeC Updated 

The pair is trading between the channel. Currently it is a sell. We see bearish engulfing candles and rejection on the resistance SL : 149.500 Target : 148.000

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We have a double top on this pair, and some bearish engulfing candles. The pair failed to break the resistance at around 1.51200. It is heading towards the channel support. This is a good selling opportunity. SL : 1.51200 Target : 1.4900

TheeC Updated 

Detailed Analysis on the chart.

TheeC Updated 

The pair has reached a very strong D1 resistance. We see several bearish engulfing candles at around that area. A good entry would be after it breaks the 113.400 support. The green lines are our targets.

TheeC Updated 

We see a Head and Shoulder pattern has formed on the GBPJPY H4 chart.. The pair has made several touches to the trendline resistance and failed to break them. On the Daily chart we also see a downtrend. Let's expect a long term downtrend. There's a minor support at around 148.650 level. Our First target would be the 148 level.

TheeC Updated 

We have a trendline resistance which was tested once recently, at around 1.00400. We might see a double top forming there. A good entry for a long term downtrend would be at around 0.99400 after it breaks the support. We might see another bearish engulfing candle forming.

TheeC Updated 

USDCAD D1 rejected the resistance at 1.29. At the moment we are in a downtrend. Should it break the 23.6%( 1.27 ) Fibonacci level we will sell it. Our target will be at the 38.2%( 1.26 ) Fibonnaci level. Stop Loss : 1.29100

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This pair bounced off of the weekly support level. The bulls are kicking in and we see a buulish engulfing candle. It's a good time to go long. SL : 0.67500 Target : 0.70000

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On the daily timeframe we see a bullish engulfing candle. We also see a double bottom. It's a good entry. SL : 0.68300 TP 1 : 0.69600 TP 2 : 0.70000

TheeC Updated 

The price changed direction at the resistance. The bears are gaining momentum. After a bearish engulfing candle it's safe to enter. SL : 151.500 TP 1: 149.200 TP 2 : 145.500

TheeC

An up channel has formed on Gold 4 hour chart. We notice the bearish engulfing candle at the channel resistance. It could be a good 50 pip downward movement.

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XAUUSD H4 looks to be going up at the moment. Wait for it to test the resistance at around 1280 and wait for a H4 bearish engulfing candle before we can sell. Our Target will be 1270 SL : 1290

TheeC Updated 

The weekly support at 1.21 now acts as our resistance. The US Dollar Index is Bullish on the weekly chart,the USD is gaining strength against most currencies. This pair has made a breakout of the trendline support. We might see a possible retest of the 1.185 level. A good entry would be after prices break the support at 1.17. We have three targets for now,...

TheeC Updated 

I foresee USDCAD to rise. We might expect to see a reverse Head and Shoulder pattern forming on the D1 time-frame. A great Long ( buy ) entry would be after the second shoulder has formed. We will then expect to see a Bullish Engulfing Candle at the support , which is a great confirmation to go long. H4 time-frame can also be used to identify a good place to...

TheeC Updated 

The pair has broken a couple of support levels, it has joined the channel again and it seems to be continuing the downtrend. After it reaches our target, it might make a retracement at 1.32 in which a Head and Shoulder pattern can be seen. It has not yet reached the channel's support, which is our target for this short position.