theselfishtrader

theselfishtrader Updated 

Price has recently broken out of the choppy range at resistance around 0.77400s to the downside Previous support can be found around 0.75200s, an area confluent with the 38.2% Fib of the upswing. RSI is already oversold a touch I will be watching for bullish signs to get long, preferably a double bottom.

theselfishtrader Updated 

A retest of previous resistance which is acting as support Confluence with 50% Fibonacci Level Bullish outside bar/Pin bar

theselfishtrader

Resistance zone A double top with a strong bearish Outside Bar RSI bearish divergence Look to get short when markets open, potentially on a pullback on hourly timeframe

theselfishtrader

Price appears to be retracing having recently broken out of consolidation IF price retests the consolidation zone between the 50% and 61.8% Fib levels, I will be watching for bearish activity Targets would be a retest of recent lows around 1.220s

theselfishtrader

Price recently broke to the downside to test 1.599, causing a double bottom on the daily timeframe, and formed a very strong bullish candle. Price is back within the range and testing the 61.8% Fib I consider price to be at an interesting level. Should this area hold, I will look to hop on to the trend down, looking for new lows. If there is a breakout higher, I...

theselfishtrader

Price is testing previous resistance with Fibonacci confluence RSI is well overbought Price action on the hourly suggests a little weakness is coming into this pair

theselfishtrader

Double top at the 61.8% Fib level 2nd test of resistance formed a doji Bearish divergence on the RSI

theselfishtrader

After breaking to new lows, price has retraced to test previous support Another test of the recent swing high around 119.800 alongside the potential bearish divergence could offer a short opportunity and chance to join the trend. Likely targets are the recent lows at 118.600, although if new lows are set 116.00 could be the next turning point. Note of caution:...

theselfishtrader

Tweezers pattern at the 61.8% Fib level of the recent breakout suggests bullishness. I would look for opportunities to get long intraday. This instrument has been ranging for some time, so I would be conservative with targets. The 38.2% Fib, the recent range highs and then the last swing high would be areas to watch.

theselfishtrader

After breaking to new lows price found resistance at previous support, which has confluence with the 50% Fibonacci level. However, the trend did not continue, forming a higher low. Price has again come into this area of support formed by the higher low, forming a double bottom on the hourly chart (not shown). A long trade here has two nice targets: the recent...

theselfishtrader

After a steep fall in price in today's session price has found support between the 50% - 61.8% Fibonacci levels. With all the recent sideways action, it is harder to predict the moves in this market, but I would tend to go with the direction on the lower timeframes in these markets. It looks like there will be a little bullish relief going into tomorrows session.

theselfishtrader

Price has pulled back from All-Time Highs to test the 38.2% Fibonacci level, almost to the pip. With price closing right at resistance, a breakout is imminent. If price breaks out higher, I will be looking to get long on a successful retest of the breakout area.

theselfishtrader

Price has generally been consolidating and recently broke out to new highs, before falling back into the range. Support around the $54.60 - $55 dollar range is holding. This area looks reasonably strong, and has confluence with the 61.8% Fibonacci level. With an inside bar forming at support, a breakout trade is on the cards. As we are still in an uptrend, I am...

theselfishtrader

Following an 80 pip gap up, today's session has closed as a very strong bullish candle. The DAX has been consolidating all year, with no direction. Today's candle is finally suggestive of bullish momentum building. I am now looking to take a swing long position, targeting the All-Time Highs at 12390s. Intraday I am firmly biased to the long side, and will look to...

theselfishtrader

Reasons for trade: There is a nice double bottom on the daily and 4H charts Bullish divergence on the daily RSI Price has found support around the 38.2% Fibonacci level Today's daily candle is forming an inside bar. The classic inside bar play is to trade the break of the Mother Bar. I will favour any move to the upside. With relatively close stops there...

theselfishtrader Updated 

Price has been consolidating/ranging between $58 - $53. Following recent tests of support levels around $54, price has formed a morning star candlestick pattern on the daily chart. Although this pattern is not at the end of a trend, price could see some bullish follow through in the next couple of days. I will be looking to get long on any pullbacks intraday,...

theselfishtrader

On the daily chart price has halted, with Friday's candle forming a Doji. The 4H shows a double top, but price has yet to break support. The most recent 4H candle has retested the former minor support, and I will now be watching for more bearish follow through. Be aware...Until price has a close below support at 0.7117, the bearishness is not 100% confirmed.

theselfishtrader

Cable is in a bullish phase at the moment, following Theresa May's Brexit press conference last week. There has been a double bottom at the retest of previous resistance, and I expect price to continue to progress higher. However, price is entering an area of resistance. It is entirely possible it bursts through and looks to test price around 1.28, but for now I...