Wait for the third retest within the highlighted resistance zone. If price action lines up within this region giving us confluence, go short.
EUR/USD..Will we see former resistance being obeyed at R1 OR R2... Or will price possibly break above.
Wait for a dip back into the yellow resistance region before we go short.
Wait for price to come down to the trendline.. if we break the trendline wait to go long at the support zone/region. However,if we manage to find support at the trendline wait for confluence and go long.
Wait for a dip back into the highlighted support region before taking longs. Stop loss around 20-25 pips
Wait for price to retest our highlighted support region as confluence that a lift to a upside is on the cards.
USD/JPY to the upside. Remember correct risk management in place with stop loss around 20-25 pips.
Possibility we can see some resistance within this zone where the market is currently sitting. If we do manage to break through we could attempt to beat the previous Higher lows and Higher Highs to keep pushing to the upside.
Dont worry if you missed this trade right from the start... Inverse head and shoulders forming.. Wait for the dip into the highlighted circle/second shoulder and go long from there onwards.
Long on this pair ..Wait for price to dip into the Highlighted Support region before taking Longs.
Long until 1.00750 level, just below our 0.236 level we see lots of retracement. If we do manage to break the 0.236 fib level we will move to the upside towards 1.02400 handle.
GBP/USD... Based off previous support we can see GU obeying this support level at 1.25830. If we manage to hold above this level we will see a move towards the 38.2 fib level. However, if we break through the focused support at 1.25830 we will continue to sell off to the trend line for another 100 pips. Keep tight risk management on this trade.....
Strong support/retracement seen from the 7279.9 Support line within the fib zone of 78.6. However, if price manages to push below this level.. continue to sell to 7042 support.
If we break through the 0.382 Fib level and a conforming support line at 58.50 we can see a clear sell of to our support line at 47.25/45.30.
GU has broken my key support level at 1.26660 which can clearly be seen. A break beyond 0.786 Fib level.. continue to sell to the Trend line.
We can see price has bounced several times from the key level it is currently sitting on. Furthermore, where price currently is within the fib level there has been support there many times (confirmation). First TP at my green line as a key take profit level.