Short Matic. MATIC is one which We are looking to NUKE this week
The USDJPY has been on a retracement and has reached a liquidity discount level which also happens to be a long term support and resistance level.
Let us Nuke this before we start picking them back on the way UP. PUMP!!
After breaking the down trend and consistently making higher highs, it signals a trend reversal. With the rejection on the 52 SMA, it is a good signal to enter to the next phycological resistance which is 1.60000. #daytrading
Remember i told you people a couple of Months ago that we will see bitcoin trade between 14000 - 10000 region again.
We have price action which has just move above our moving average, retested and ready to continue moving in the direction of the trend which is LONG
With the Short them cooling off, we look to take a swing short on the USDJPY pair
EURNZD is another great short, i am looking to fill in this week. EUR is fundamentally weak and the AUD and NZD are looking quite strong on the board.
Looking to continue with the bullish momentum of the USD and the weakness that is being notice across the board on the CHF. I think waiting for a retracement and entry in the USDCHF will make a pretty good pair for this week.
Looking to go short on the EURGBP Pair in a swing position, with Entry (Pending Order) Entry Limit Sell at 0.85300 with Stop loss at 0.86000 and take Profit at 0.82400
Looking to take advantage of the broader weakness in the EUR. WIth the technical analysis lining up for some medium term weakness for the pair/
After a few weeks of consecutive upwards movement, we are taking advantage of the short retracement, aslo influenced by our DXY index. Nice swing position, 2 to 3 days.
We have watched USDCHF retrace to our 100 period SMA and given us a BULLISHING engulfing reversal pattern in the direction of our larger trend. Price has also broken above our 0.910000 level. We consequently expect the market to make a move to the upside.
NZDUSD has retested the 52 Period moving average which is a very good indicator for Medium and intermediate term trend direction. With the looming strength of the US dollar i expect the pair to move lower to the 0.68000 level.
For my chart of the day today, i am going with USDJPY, we have retraced and retested both the Psychological resistance and the 52 days moving average. Then we get a bullish engulfing pattern in the direction of the trend. My bias is to see the USD moving upwards.
After moving from consecutive higher highs and higher lowers, we have a lower low and a lower high. The lower high flipped just about the 61.8% fib level, and then we see the formation of a Head and Shoulder pattern, While waiting for price to break and retest the neckline, we also expect it to gross below the 52 period SMA for us to enter into the short.
After breaking and retesting our 52 period moving Average, with a double rejection, the pair EURCHF is poised to continue its movement to the down side.
We see a retest and rejection of both the 61.8 Fib level and also our 50 day Moving average. With the looming strenth of the US Dollar i see the GBPUSD pair reaching the 1.3000 level. Swing trade idea.