Previous trade was stopped out. We are expecting price to move higher and hit the upper trend line before continuing to the downside. If current level holds we may get in of a small short.
SELLING POUND. STOP LOSS AT 128. TAKE PROFIT OPEN FOR NOW
Sell 126.55. Target should be 120 but will also depend on market conditions.
We are heavily short on this pair. We expect euro to fall even more the following months and we may see prices of even 95.
WILL THE POUND CONTINUE ITS DOWNWARDS MOVE? TECHNICAL SUGGEST SO..
We are in a downtrend. Will we see the 72 where 127.2 extention exists?
Expecting higher highs on that one once the triangle is broken to the upside
Technicals indicate lower move on AUDUSD. Stop loss at 0.7750 where upper trendline breaks
There is support in this area. Will get in for a quick long to 1.067
Looking for a trading opportunity for short here in the yellow area
Entering short for a short term trade. Here is a relevant article from dailyfx: www.dailyfx.com
It seems it is the right time for a short as a nice triangle is forming her