Broken trend line tested and formed bearish engulfing candles indicates further downside. So short with stops just above 1.32000 TP1 1.31350 TP2 1.31000
Break of bullish trend line is not a good sign for bulls. Short EURUSD with Stops just above 1.16200 and targets should be 1.15450, 1.15000 and 1.14300 respectively.
Reasons to short 1. Clear downtrend 2. Symmetrical triangle that broke down decisively 3. Current consolidation forming a bearish flag 4. Risk reward is pretty good
Short on resistance..Fib 0.38 is a good level to short
Bearish trend on H1 is over..Next target 1.15500 and 1.1600
Bearish trend on H1 is over..next target 1.15500 and 1.16000
Bearsih bias as price move back below the broken topside trend line.
Formed a nice bottom at 1.27800 with bullish engulfing candles..
Long if there is any bounce from this support zone.Watch price action on lower time frames (H1,H4) and look for engulfing candles,inside bar,hammered etc. Risk is define move below this area, opens the door for more downside.
Wait for triangle breakout. Do not risk more than 1%.
Testing Resistance Zone (1190-95).Risk reward is good on a short side.
Gold bigger rally than many are expecting once we crack this nut ... Buy Stop at 1216 TP1 : 1234 TP2 : 1265 SL : 1208 (Provisional..will use trailing stop when trade is active) RR 1:2 for TP1 RR 1:5 for TP2
Head and Shoulder target measures at 0.73600 RR 1:1.16 Buy at 0.72800 TP 0.73600 SL 0.72300
Short on a pull back Short reasons : 1. Not making higher highs 2. Bearish engulfing candles
In a downtrend and Testing resistance zone ..