TmTRADES
WAITING TO BUY. EITHER WHEN IT BREAKS OUT TO THE UPSIDE OR WE FALL FURTHER TO SUPPORT TO BUY AT A BETTER PRICE (COMPLETING FIBONACCI ABCD PATTERN)
STRONG BEARISH WEEK. BREAKING BELOW KEY SUPPORT LEVEL 93.00. ALSO BREAK BELOW 200EMA SUPPORT. EXPECTING FURTHER DOWNSIDE OVER THE NEXT COMING WEEKS! SUPPORTS GBPUSD LONG IDEA
KEEPING IT SUPER SIMPLE. LOOKING AT A 580 PIP RUN TO THE UPSIDE
In June 2013 (Green circle) price broke below the 200 EMA and an important support level 0.9650. Price made a low and retraced back up to retest this key support now turned resistance in October 2013 - failing to break above this level and creating a lower high. Since then, price has been in a downtrend creating lower highs (yellow box's) and lower lows (blue...
Monthly fibonacci confluence 1.1500 Weekly fibonacci confluence 1.1500 Daily fibonacci confluence 1.1500 Daily head and shoulders pattern Spinning top candlestick at daily resistance Fundamentals confluence - Englands interest rates low at 0.25% = weaker GBP - USD rate hike to 0.75% = stronger dollar
If we break the monthly support at 0.7150 - price will find D targets
Price clearly in a downtrend. Lower highs (yellow circles) and lower lows (blue circles.) Price currently retracing upwards. High confluence area at the yellow box. Will wait for candlestick patterns and other confluences to take a short there. Targets are represented by blue box's
OPEC ANNOUNCED CUTS ON SUPPLY. SUPPLY AND DEMAND - LOWER SUPPLY = HIGHER PRICE FUNDAMENTALS AND TECHNICALS ALLIGNED. OIL = LONG
PRICE OF AUDUSD WAS CONSOLIDATING IN-BETWEEN A WEDGE PATTERN OR QUITE SOME TIME. WE HAD A FAKEOUT TO THE UPSIDE OF THE WEDGE BUT CAME BACK IN WITH A STRONG BEARISH ENGULFING AT THE MONTHLY RES 0.7750. MA'S CROSSED OVER TO THE DOWNSIDE AND PRICE FOLLOWED, BRAKING OUT OF THE WEDGE TO THE DOWNSIDE. PRICE RETESTED THE ASCENDING TREND LINE BEFORE CONTINUING FURTHER TO...
US DOLLAR IS GOING STRENGTH PRICE HAS BROKEN ASCENDING TREND LINE ON THE DILY TO THE DOWNSIDE. EXPECTING RETEST AND CONTINUATION OF THE DOWNTREND. ON THE 4HR PRICE HAS BEEN MAKING LOWER HIGHS (HIGHLIGHTED BY BLUE CIRCLES) AND LOWER LOWS (HIGHLIGHTED BY YELLOW CIRCLES. EXPECTING PRICE TO RETRACE UP, RETESTING ASCENDING TRENDLINE AND DAILY SUPPORT NOW TURNED...
4HR - TWEEZER TOP AT THE WEEKLY RES 104.00 + SHOOTING STAR ALSO ZOOMING IN ON THE 2HR - BEARISH ENGULFING AT THE RESISTANCE. LOOKS LIKE PRICE HAS FAILED TO CREATE A NEW HIGHER HIGH MAKING A LOWER HIGH. WAITING FOR PRICE TO TAKE OUT THE MOST RECENT HIGHER LOW TO CREATE A LOWER LOW + MA CROSSOVER TO CONSIDER SHORTS
Looking at the NZDUSD its been bullish for a over a year but I think the bulls are loosing power and the bears are starting to take over. From a MONTHLY perspective... The most recent candlestick has a SHOOTING STAR characteristic. Price attempted to break the weekly resistance at 0.7450 but failed and price came back down. Price is below the monthly resistance...
BREAK OF DAILY RES & TREND LINE RES COULD LEAD PRICE UP TO MONTHLY RESISTANCE @ 1.1450
BREAKOUT OF THE DAILY DESCENDING CHANNEL. EXPECTING PRICE TO RETRACE - COMPLETING THE C LEG AT ONE OF THE FIBONACCI LEVELS (GREEN BOX) BEFORE MAKING D LEG. NOTICE THE -27% EXTENSION IS IN LINE WITH MY MONTHLY RESISTANCE. STRONG CONFLUENCES
I BELIEVE USD CAD WILL RETRACE UPWARDS AND THEN CONTINUE ITS DOWNTREND TO THE WEEKLY SUPPORT @ 1.2830
PREDICTION IS PRICE WILL CONTINUE TO RISE UNTIL IT MEETS WEEKLY RESISTANCE @ 0.8800 PRICE MAY REVERSE TO EITHER 0.8400 SUPPORT OR 0.8200 SUPPORT