We have a potential play setting up long term on Oil. On this weekly Chart you can see we are forming a nice Head and Shoulders reversal pattern on the Weekly chart and are just waiting for it to complete and breakout to the upside for confirmation. On the break of the neckline we would be waiting for the price action to present a good entry point with the first...
This pair looking like a nice short opportunity. Clear downtrend established on the higher timeframes and then this fibonacci play with the CTL break gives us the shorts down to the final target at fib extension around 148.20
Breakout is due on this pair. Either breaking to the high side to retest the neckline of the recent weekly head and shoulders pattern OR a break to the downside. Long term i have a bearish bias overall with the potential to see 105.50
This was the trade i took yesterday morning on AUD/USD. I alerted my members on the breakout and we went long with the target at 0.7648 taking just 1hour to complete. Some nice quick profits. If you want to join my alerts serve then email contact@fxbentrading.co.uk
I have been short this pair for a long time and we recently saw the key level of 126.00 broken with a lot of momentum. We are now see price move back and approaching this level once again for a retest which could provide a fantastic swing trading opportunity. I will be monitoring price action very closely and look to take a nice short with the long term target...
This pair double topped before a huge bearish move last week saw price take out the ascending trendline and key support zone of 0.7025. Now simply looking for a retest and the right price action to trigger shorts down to 0.6800
Have been waiting for this pair to break the recent range and support at 1.0815 which it has done today. I am firmly bearish here with all the higher timeframes giving short signals. Most recently we have had the daily fibonacci play and some nice price action to go with it. The entry now would be from the retest of broken support and the shorts will first be...
This pair had been in an uptrend on the Weekly chart as you can see from the clear higher highs and higher lows we had been making since October 2014. I mentioned this pair in my recent youtube analysis www.youtube.com and how i was neutral given the recent Daily movement was hinting at bearish swings. We have now broken below our ascending trendline and driven...
Mentioned this pattern for a while. Looking to short from under the lows with the targets explained on the chart
This pair is now firmly Bullish both technically and fundamentally following the Fed rate hike and the current state of the Japanese economy. On the weekly timeframe we are in a clear uptrend and the daily showed signs of that continuing by making a new higher high recently. We retraced back to the 50% fib level and have now broken back above the key 121.80...
Gold has been bearish for a long time now and is showing now signs of reversing just yet. We recently broke the lows of 1082 before retesting but price has stalled around this area. Today we finally saw the bears take hold and dive the commodity lower. We need to tread carefully given the Fed announcement on Wednesday but as it stands this is head...
Have been bearish on this pair for a while now with the Weekly Fibonacci play. We completed the move down to 130.00 recently, which i posted analysis about before hand, and that made a nice new lower low for us there. We then had a drive up as a result of some fundamentals with news from Draghi and the ECB before price action began showing signs of that buying...
Watching this pair closely. Ran in to resistance at 0.7375 and showing signs of stalling. Im watching for a retest of the 0.7255 support where i will look for the right price action to get long. Providing we get the right signs to enter my upside target will be back to daily resistance before looking for a new high at 0.7500
On the weekly you will notice this pair in a strong weekly uptrend making higher highs and higher lows. We recently broke above the key 185.00 level and have mad a slight higher high on this daily chart. We have now pulled back to retest 185.00 which is confluent with a 50% fib retracement. Today has formed a nice inside bar which providing we close like this...
Clear and simple reading of price action here. Double top forming at $54 before making a lower high showing buyers are running out of momentum. After 2 tests of $46.30 we have now broken below and the Daily looks very likely to close below. Providing we don't get a freak spike we will be going short here. This also runs inline with the Dollar strength we are...
Last weeks movement has given us a great potential setup on this pair. We have closed below the key 1.0815 monthly support level and i am now just wait for retest and price action confirmation to short. Target = 1.0520
From a technical stand we look like taking another leg higher on the Dollar as you can see from my chart here. We also have more and more talk about a Fed rate hike before the end of the year which even if it doesn't happen can cause a rally in to that news with the excitement it will create.
I have discussed the long term Bearish bias i have on this pair with this weekly fib being a key factor. Last weeks big bearish momentum for the Euro could be the start of a long term short here. We first need a clean break and retest of the 133.30 area before entering. Target 1= 130.00 Target 2 = 126.50