Monthly chart show buyers cleared out all the way to 1.00. Weekly chart shows strong downtrend with price retracing back to the 1.06 area. Clean area of imbalance at 1.0610 for short entry. Profit margin of approx. 300 pips to the 1.0310 area.
Product trading in the middle of the monthly price curve (1.5635 to 1.6468). Approaching the extreme low of the weekly range of price (1.5765 to 1.6121). Long entry at 1.5765 with 90 pips risk. 2 targets: T1-180 pips, T@- 450 pips.
Price trending higher on the weekly chart. Waiting for a pullback to the 1.31 area. Profit potential to 1.39. Trade zone is 150 pips; Looking for 2 targets. T1-300 pips, T2-750 pips, 7% minimum return if trade is successful.
News--Decrease in Oil demand.// Monthly Chart-- Price trading in equilibrium.// Weekly Chart--Price trending higher.// Daily Chart-- Waiting for pullback to fresh demand below 0.6850, with room for price to rise to the 0.7100 area.// Risk to Reward--Risk=55 pips, T1=110 pips, T2= 275 pips
News--Decrease in Oil Demand// Monthly Chart-- Price moving to an expensive area of the chart, but Buyers in control.// Weekly Chart--Uptrend, price holding above the 20 MA.// Daily Chart--Fresh demand zone at 91.00, with room for price to rise to 94.00.// Risk to reward-- Risk=65 pips, T1=130 pips, T2=325 pips.
EURUSD retracing into a longer term buying opportunity on the Weekly chart. There is a clear imbalance between buy and sell orders at the 1.1200 level. Also, taking into account POTUS statements to de-value the US Dollar over the weekend, I am confident in a reversal of the trend when price reaches the 1.1200 level. Very large zone to account for the...
US Dollar trading in a discounted area according to the "Big Picture", and also in a clear Weekly uptrend. Waiting for a pullback into the 96.30 area for an opportunity to buy the US Dollar for a short move to the upside before the "Trump Effect" kicks in based on the comments made this weekend about the US Dollar being too "STRONG". RISK--$0.21//T1--$0.42//T2--$1.05
21 Feb 19-- Oil inventories rose for 5th straight week, while this pair is currently sitting in an expensive area of the price curve. Price also trending higher which leads me to trap buyers who purchase this product which is clearly overpriced.
*Sharing Entry time frame screenshot. Price curve and trend analysis for another discussion.*
1. Price trading in an expensive area of the Monthly chart.
2. Price retracing back to the origin of an explosive move away from 77.00 level on the Weekly chart.
3. Looking for novice buyers on the Daily chart who attempt to join this "uptrend" too late.
*Only sharing screenshot of entry time frame. Price curve and trend analysis are for another discussion. Thanks.*
1. High Impact news releases for both the GBP and AUD this week.
2. Long term value for pair indicates price is "cheap". (Monthly)
3. Long term trend analysis is"UP" according to clear HH's and HL's. (Weekly)
4.Entry on Daily chart for a total gain...
