Price is currently trading in a bullish trend which can be seen on the higher timeframes as well. The hourly chart shows us price action in detail and the way it respects the main trend. More likely than not we will break through the hourly resistance, violating previous structure where we could get involved in a long position. First level for targets I'll be...
Price created a double bottom at the 106.750 level and it has been forming higher lows recently. If the market goes above the 107.400 resistance I will be going long on the retest of that same level. My first targets will be retest of the previous highs on the same timeframe that my entry is. Keep in mind that we have a descending trendline on the Daily chart. Let...
Price created a bottom at 125.0 followed by consecutive higher lows in the following months. Two weeks ago market used the daily support zone at 132.0 to shoot up and is currently making a correction to the downside where you see the descending channel. I'm expecting price to break through that channel in the coming days, so we could then see a continuation to the...
Strong momentum of the Daily level at 1.3493 followed by a 50% fib retracement and hourly support and resistance zone. I'm only willing to go for 2:1 as we should have on mind the downtrend from the Daily chart.
This pair's value has been going to the upside for some time and I'm expecting to see even higher values in the upcoming days. I'm getting involved only when I see a clear confirmation from price. However price could decline and we could end up below the rectangle zones.
If we see a pullback to the fib zone that you see on my chart I would be waiting for some type of confirmation to go long, however always consider the situation from the higher timeframes as well. Not a very clean setup but still an opportunity that we can get involved in.
Price has been in a downtrend for quite some time and recently we saw a breakout to the upside. Looking for long positions only if we break and retest the rectangle zone in the upcoming week.
