I want to sell GBPCAD .. Waiting for the correct entry
I anticipate AUDUSD to go to at least 0.7500. However, I need to see a trend line break first !!
Not time to short yet .. waiting for a bearish evidence between 122.7 - 124 OR just wait for a break of the dashed trend line.
Expecting the downtrend to continue after a short pullback to 1.542 area.
Either a move up to re-test the previous high then a fall to 2.078 area OR a fall below the lows to 2.078 area. I remain bearish on this pair
GBPUSD will probably continue it's down move to 1.517 zone. I am expecting a short rebound to 1.537 then a drop all the way to 1.517 zone. I remain bearish on this pair for this week.
Still expecting more downside in EURUSD to 1.085 area. However, we might see a bullish run to 1.1120 area before facing another leg down to 1.085. As you can see, we have a bullish divergence between price and RSI . Price is making a lower low while RSI made a higher low. Short term - Bullish Long Term - Bearish
After the obvious MACD divergence, price fell through the uptrend line and took out a previous support level. Now it is not the time to short GBPCAD as I believe price will retrace to the area between the 38.2% - 61.8% Fibs (2.0388 - 2.0612). I am only interested in shorting this pair as price can continue going to the south without giving us an opportunity for...
As per the previous Weekly Chart, I like what I see on GBPAUD Daily Time Frame Shorting only on a break and close below the trend line. Stop Loss goes above the swing high and TP levels on the chart
Looking at the Weekly Time Frame on GBPAUD, I can spot the following 1. Price touched the upper channel 2. MACD Divergence 3. AB=CD Completed Price may fall around 1900 pips from current price BUT patience is key. We need to wait for a bearish price action before jumping in
I would like to go long Gold again. I will place a buy stop at 1170 with TP @ 1204 and I will place a buy limit at 1130 with TP at 1204
I will be looking to short GBPCAD very soon. Price is approaching a major resistance area that confluences with an AB=CD pattern This is a big time frame chart. Profit area around 1.95
MACD Bullish Divergence Go long on a break and close above the trendline. Target and SL on the chart