PRICE WILL CONTINUE ITS OVERALL BEARISH OUTLOOK, DESPITE THIS. A SHORT TERM BULLISH TRADE SEEMS IMMINENT. ENTER A BUY TRADE JUST ABOVE THE 1.44039 LEVEL, IF PRICE WILL BREAK THROUGH THRESHOLD. ON THE ATR, WE'RE SEEING AN INCREASED VOLATILITY. TRADE WITH CARE.
PRICE IS FINISHING THE CONSOLIDATION PERIOD. EXPECT A BREAKOUT. ON THE CHART ATR LEVEL OF 1.4113 AND BEYOND THAT IS CONSIDERED AS HIGH VOLATILITY FOR THIS CURRENCY PAIR. FOR BUY: ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL; CONFIRMATION SHOULD BE A BREAK OF THE 106.326 FIB LEVEL. FOR SELL: ENTER TRADE ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL. IN ORDER TO...
SHORT DOLLAR AT 12169. MAJOR RESISTANCE LEVEL. STOP LOSS JUST ABOVE THAT LEVEL.
PRICE HAS TESTED THE RESISTANCE TREND LINE. MAJOR RESISTANCE. ENTER A BUY STOP AT 1.54968. FOR A CONFIRMATION . STOP LOSS AT 50 PIPS.
PRICE BROKE FROM THE MAJOR SUPPORT TREND LINE. WAIT FOR PRICE TO JUST TOUCH THE 0.618 FIB IMPORTANT LEVEL (1.77927). PLACE A BUY AT 1.7700 WITH A STOP LOSS AT 1.77530. NO PROFIT TARGET. FOLLOW THE NEW TREND AND LET THE PIPS COME TO YOU.
MAJOR SUPPORT TREND LINE AT 99.181. PLACE A BUY LIMIT AT 99.181. STOP LOSS AT 96.589
PLACE A SELL LIMIT AT THE 0.86948 FIB LEVEL. STOP LOSS AT 0.89075
GIVEN THE UPCOMING NEGATIVE BREXIT NEWS, I BELIEVE WE ARE SEEING THE 'BIRTH' OF A LON SHORT TREND. 'JUMP ON THE BOAT' FROM THE PREVIOUS MARKET LOW OF 1.23500.
AS SEEN ON PREVIOUS MARKET ACTIVITY, PRICE HAS CONSOLIDATED A IN BEARISH FORMATION. MY IDEA IS THAT PRICE CONTINUE TO CONSOLIDATE IN THIS STRUCTURE AND WILL FALL FROM THE 102.800 PRICE LEVEL OR ON HITTING THE 103.800 LEVEL. EITHER WAY, THERE ARE A GOOD 150 PIPS PROFIT WAITING TO BE TAKE ON THE USDJPY.
SPX 500 WILL CONTINUE ITS ASCENT AS SEEN ON THE CHART. BUY ON THE DIP AT 2146.60 (SUPPORT TREND LINE). STOPS LOSS IS 2121.70.
NGAS PRICE SHOULD TEST THE SUPPORT TREND LINE AS SEEN ON THE CHART AT 2.770. PLACE A BUY LIMIT AT 2.770. STOP LOSS 2.645
PRICE TOUCHED THE 1.76114 LOW FOR A SECOND TIME. I AM ACTUALLY IN THIS TRADE. EXPECTING FOR PRICE TO START GOING UP AGAIN. GOV WHEELER HAS SOME IMPORTANT SPEECH THIS NIGHT. RSI IS COMPLETELY OVERSOLD.
AFTER A CONSOLIDATION PRICE SHOULD HIT THE 77.963 LEVEL AND RESISTANCE TREND LINE. PRICE SHOULD FALL TO 75.361 LEVEL. PLACE A BUY AT 75.361. STOP LOSS 73.472.
RESISTANCE AREA AT 5674 SHOULD PUSH BACK PRICE FROM THAT LEVEL. THERE ARE A NUMBER OF PLACES ON THE CART WHERE PRICE WAS RESISTANCE AND BECAME SUPPORT AFTER THAT. PLACE A SELL LIMIT AT 5674. STOP LOSS IS 5803.
IN THE YELLOW RESISTANCE AREA PRICE SHOULD TEST THE RESISTANCE TREND LINE SITUATED AT 48.50. PLACE A SELL LIMIT AT 48.50. STOP LOSS 50.68
PRICE SHOULD TEST AGAIN THE 1309.47 FIB LEVEL. PLACE A BUY ORDER AT 1309.47. STOP LOSS AT 1296.04
AS SEEN IN PREVIOUS STRUCTURE (PREVIOUS LONG BREAKOUT), WE EXPECT PRICE TO CONTINUE CONSOLIDATING IN SQUEEZE MOMENTUM UPSIDE PATTERN. WAIT FOR PRICE TO TEST THE TREND LINE FROM THE STRUCTURE. ENTER AT THE BREAK OF POSITION 1 (TREND LINE 1339 LEVEL) WITH A STOP LOSS AT POSITION 2 (1335 PRICE LEVEL). PROFIT TARGET AT POSITION 3 (1352 PRICE LEVEL). GET READY FOR...
ON THE WEEKLY CHART PRICE HAS TESTED THE 130.008 PRICE LEVEL (PURPLE), TWICE. PLACE A BUY JUST BEFORE 130.000 LEVEL WITH A STOP LOSS JUST BELOW THAT. NO PROFIT TARGET. LET YOUR WINNERS RUN.