remelthomas

remelthomas

Price hit our target then rallied because RBNZ (Reserve Bank Of New Zealand) kept interest rates the same. Price is now pulling back to previous support turned resistance which is also in confluence with the 0.76 fib level. Good opportunity to sell at this level and target 0.72000.

remelthomas

BASIC PRICE ACTION

remelthomas

WAITING FOR A BREAK OF TRIANGLE THEN TARGET 1.10. SNB (SWISS NATIONAL BANK) SAID THEY WANT EURCHF PAIR AT 1.10 SO CHANCES ARE SNB WILL INTERVENE TO TRY AND GET IT UP TO 1.10. GREAT RISK TO REWARD ASWELL 1:3

remelthomas

The Reserve Bank of New Zealand is expected to hold rates. With the Kiwi being resilient of late, Graem Wheeler is likely going to jawbone about it being overvalued, which should give it at least some short-term drag, especially against the USD. In terms of monetary policy, the press conference might reveal whether or not a rate cut is still on the table, and if...

remelthomas

I'M ALREADY IN A SHORT POSITION BUT IF PRICE RETRACES UP TO MY SELL ZONE I WILL LOOK AT PRICE ACTION TO ADD IN ANOTHER POSITION AND TARGET 0.75000. I STRONGLY BELIEVE WE CAN GET TO THERE IN THE SHORT TERM BECAUSE THE LABOUR MARKET IN THE U.S KEEPS COMING OUT GOOD WHICH WILL HAVE INVESTORS/TRADERS SPECULATING A RATE HIKE AS EARLY AS JULY. ON TOP OF THAT AUD...

remelthomas

AT THE BOTTOM OF THE RANGE. I'LL BE BUYING IT BACK UP TO THE TOP OF THE RANGE. IM HOPING THAT THE AVERAGE HOURLY EARNINGS FIGURE COMES OUT AS EXPECTED AT 0.2%

remelthomas

DOUBLE TOP FORMING. PRICE BOUNCED OFF IMPORTANT STRUCTURE LEVEL FORMING A PINBAR WHICH IS IN CONFLUENCE WITH 50 AND 61.8 LEVEL WHICH IS ALSO IN LINE WITH THE TRENDLINE

remelthomas

Possible scenario that could happen

remelthomas

Good opportunity to get in long on this pullback as the resistance turned support lines up with the trendline. Wednesday is an important day for GBP because the average hourly earnings data will be coming out and the BOE said they.ll be concentrating on this data and this will determine weather or not they are gonna hike rates within 12 months. Labour data has...

remelthomas

price making higher highs which is confirming my bias that GBP is stronger than USD at the moment. just had a break of structure so i reckon price will advance further testing resistance level at 1.55046

remelthomas

Price retraced back into important structure level. expecting selling pressure here. RBA gov stevens is speaking later and if hes dovish we should easily come down to atleast the swing low.

remelthomas

Very bullish on this pair. possible break retest continuation pattern. Price broke out of strong resistance and it can now retest the same level which is now acting as a nice support. the fundamentals line up with the technicals aswell because the GBP Is very strong at the moment. Gov Carney speakes tomorrow and i expect him to be hawkish and BOE inflation report...

remelthomas

nice flag pattern formed on usdchf. The longer it consolidates the bigger the breakout. usdchf has now recovered more than half of that massive drop we had couple weeks. my Prediction is we will get back up to the previous level where it was before because CHF is fundamentally weak.

remelthomas

textbook break retest continuation pattern. Target at swing high

remelthomas

price is pulling back into nice structure level which would be a good opportunity to get long. Buyers are clearly defending this level as they dont want price to drop into the area where Canada cut interest rates. I.ll be watching for a buy signal at this level eg bullish hammer or engulfling pattern. My long term target is still at 1.30 but i.ll be targeting...

remelthomas

Recently each time there has been a flag pattern it was followed by an impulse move to the upside. another flag pattern just formed so we could advance to the upside which is also in confluence with some nice resistance turned support structure level. Scenario 2 is If price breaks this important support level then the next level i will be looking at to get long is...

remelthomas

failed to break major physiological level at 0.74000 and structure level. Treating this setup as a break retest continuation pattern

remelthomas

PRICE STUCK IN A RANGE. BASIC SETTUP (BUY AT SUPPORT, SELL AT RESISTANCE)