EURUSD broke down the support structure, pulled back to retest it and got instantly rejected forming a pin bar on the H1 and H4 timeframes. Therefore we short EURUSD: Entry: 1.15 SL: 1.1555 TP1: 1.1410 TP2: 1.1310
AUDUSD SHORT IDEA Entry: 1.726 SL: 1.732 TP1: 1.7205 TP2: 1.7150
SL 1.138 TP1 1.125 TP2 1.11
My bet is that the downtrend will resume, can't see more upside from here until we break above 1.1750 so until then we are shorting rallies. SL 1.15ish TP1 1.1535 TP2 1.1380
SL above 130.40 1st Target 128.15 2nd Target 126.5
Nice pin bar showing rejection at 1.1650 SL above 1.1685 TP1 1.1550 TP2 1.1450
1st target 109 2nd target 108.50ish stops around 110.30 Stay safe.
1st target 1.29ish 2nd target 1.28ish stop 1.3030ish !
Weekly chart shows that the Dollar could be on its way to form an head & shoulders pattern. Could the next move of the dollar be to form the second shoulder? Technically seems like it could, but fundamentals will play an heavy role in the next weeks/months. Prepare for scenarios, then trade them. Daily Chart:
Shorting USDJPY on the pullback of the break @ 109.00 SL 109.30 TP1 108.5 TP2 107.5
S&P broke the range to the downside so we're shorting it on the pullback. SL 2712 TP1 2675 TP2 2650
Huge resistance ahead. Will it break or hold? So far no reason to think it will break.
Will it keep ranging or a breakout will happen? Place your bets. SL above 1.2930 safer stop above 1.2950 two targets.
Simple short idea from the resistance to test the new lows. Aim for green and red lines. Stops near the yellow.
So, the price broke the structure just below the head n shoulders and is now retesting the area. It's a good spot to get into a short trade with good r:r ratio, let's see how it goes. Set SL around 1300 and TP's around 1050.
A simple short idea for EUR/GBP. Trade at your own risk.
An idea for a long trade on the SPX SL 2690 TP 2780