swingtradingthemarkets

swingtradingthemarkets

Currently @1.8207 and waiting for the break of the descending wedge and continuation to the 1.8100-20 level. The ATR (Average True Range) for the pair is currently at 104 pips. If we look at the daily chart of the GBPAUD, and identify the current channel being worked on, we can see where our potential target could be @1.8100 level (bottom of the channel). In the...

swingtradingthemarkets

EURUSD currently @1.3605 – The average daily true range (ATR) for the pair currently is 40 pips. Be on the lookout for the break of the current trend line. A move below the 1.3580 will expose the short to the 1.3550-3500 area. IMPORTANT DISCLAIMER: These comments are for information purposes only. Opinions, market data, and recommendations are subject to change...

swingtradingthemarkets

EURJPY currently @137.86. We are looking for a continuation to the extension of the Fib -0.27 @137.00-137.09. As you can see, the currency needs to break out of the rectangle. The ATR (Average True Range) for the pair is 45 pips. If the currency breaks 137.65-60 area, we could see a chance of a short as follows: Entry @137.60 with a tight STOP of 137.85 and a...

swingtradingthemarkets

GBPNZD currently @1.9417. The break of the descending wedge BELOW the 1.9390 will give us a potential short to the 1.9380-9350 level where in the past have found some buyers (see diamonds at June 11 & 26th). The ATR (Average True Range) for the pair is currently at 98 pips. We would like to see the break of the wedge and continuation to the downside (past buyers...

swingtradingthemarkets

GBPUSD stalling at the 1.6800-1.6825 level... We'll be looking for the completion of the 5th wave, with 2 targets - the 1st target to the support line around the 1.6700 then the 2nd target to the 1.6600. Entry SHORT @1.6815-1.6825 STOP 1.6860 1st Target @1.6700 2nd Target @1.6600

swingtradingthemarkets

Potential short once again at the top of the Daily Chart before the continuation to the 1.5240. Based on our analysis a short trade at the 1.5115 - 1.5125 will provide us a retracement to the edge of the channel at 1.5050. Entry: SELL @1.5115-1.5125 Stop 1.5145 Target @1.5050

swingtradingthemarkets

4 hr chart for the EURNZD getting close to the 0.786 Fib off the low from May 15th - @1.5845. We can potentially anticipate the move out of the falling wedge being worked on. A past support of 1.5950 - 1.5980 looks promising as a target going forward into the week. Even @1.5800, the entry would look really interesting. Long @1.5845 Stop @1.5800 1st Target...