There is so much harmony in this market! I am not giving signals, but I'll definitely continue bite my pie from this blood-bath.
Good luck everyone! Don't over-complicate and keep it simple ;)
This is a scenario that I expect to activate today. Look left how the zone was penetrated over and over again. If we get overall stock market weakness today (S&P, Oil, etc.), then this pair will suffer too. I currently have no position, but will position myself with a Sell Limit from marked area.
There is a good chance that it won't get activated, but that's OK....
Not the typical clean chart I usually share but I hope it helps. We had an action zone at 0.618 level which I expect to be respected before a pullback which I intend to play.
With the “COVID 19” uncertainty the pullback could turn into a short term downtrend.
Good luck everyone and let me know YOUR View or how it worked for you.
Not sure if that mini channel can prove itself. Tooo many IFs in my opinion. Note that whenever there was a critical event or news these days (Middle East or trade war), with the dips formed by US30 & US500, we also have JPY strengthening.
Have that in mind in regards of the US-China talks today ~11 am EST.
Good luck everyone! Let me know your view on this pair.
Price is respecting really nice Fib levels and below support. Some gonna buy and expect at least 1.35. I will short as shown with stop above fib level 0.618.
Good luck everyone!
I will be looking to have the H&S pattern completed and short the pair as per chart levels. Recent political tensions in middle east and possible phase 1 failure or delay, will put additional pressure to kiwi.
Good luck!
Historically EUR is weak in January, so in best case we will get a short opportunity as displayed. I wouldn't get long at this point as we may not reach 1.12783 Fib price level. Both USD and EUR CCYs are at or near a key support / resistance levels, so to me the down move is highly possible.
Coming down from Monthly and Weekly structure, I expect described move at least to previous structure. With Brexit uncertainty there are lots of position traders who will look ~1.25230 or even 1.20.
Good luck everyone and Happy New Year!
AUDCAD is in a strong resistance zone. The pair is in bullish environment, but I think upside continuation can resume after pullback to minimum 0.38 fib level. I will place small buy limit orders on fib levels 0.38, 0.5 and 0.618 with SL below 0.78 fib level. Target price TP is 0.91800
Price moved rapidly in last several days. I will enter Long with a tight SL if we get a pullback. See levels on the chart. If market outlook worsens, e.g. US - China phase 1 sign off frictions, exit the trade and Sell!
Hello guys, here is the market reaction during previous 0.25 bp rate hike by Norge bank. There was another 0.25 bp rate hike today and supported by last night 0.25 cut by FED and last week 0.10 bp by ECB, such behaviour makes no sense to me.
Opinions are welcome. I am staying short here, waiting as long as needed, but trying to understand Why ?
