Possible trend reversal. Double bottom emerging
For almost a month we had a breakout forming. For now price is holding at the top of the breakout zone. If buyers are willing to step in here we might see a bigger bullish move since there really is not much standing in the way in form of resistance all the way up to 1.81000. Things to keep in mind though: 1. Be careful with GBP crosses today due to interest...
Seems GBPUSD is cleaning up some lower stops providing liquidity: We are bearish since yesterday and the day before's reversal This night's range 300% standard deviation matching up perfectly with Hourly:SR Bearish orderblock hit early into asian-londonopen session (70.5% OTE) We can see that there's a bullish orderblock waiting for us down at 500%...
Possible 123 pattern. Earning announcement in Sep 8th. If your looking for a quick trade best to wait for 4th pattern to develop as an entry point to go long. 2nd options is aggressive and its shorting at the resistances level 3rd pattern, then exiting near (or reaching near) 4th pattern. Anomaly movement is no rally to the 5th pattern point, consolidation...
After a long period of bullish sentiment on the GER30 we are now experiencing some bearish re-tracement. By using a 4H order-block and the 61.8% level we will be looking to enter in some longs!!
A retracement to 0.618 fibo level also as previous resistant (now become support). This is a general market commentary and does not constitute investment advice. DO YOUR ANALYSIS FIRST!!! Follow your plan and rules. Good luck!!!
Update from my previous post. Looks like BBY is rallying and will continue to possibly around the $36 PT. Expecting this to hit max PT of $37.50. Searching for conformation of rally continuation such as a test of support, probably around the inner declining dotted line or at the previous high resistance of ~$35. So temporary long until otherwise.
Based on H4 chart, USDCHF formed an indecision at the support area, followed by strong rejection of its former movement. The price moved a long way down, so it may be a good time for some pullback and most probably we'll see a reversal here.
We can go long to the 61,8 retracement that wil be the C point of the ABCD pattern
NZDJPY could be getting ready to run higher after tonight's announcement by the Bank of Japan. The BoJ is suppose to increase their stimulus package and if they do by the amount which is expected or by more we should get a sell-off in the Yen pushing this pair higher. If it happens we will be looking to correlate the Long NZDJPY with a Short in AUDJPY which will...
Potential retracement to hit 21-period moving average as support to continue bullish movement following the earlier reaction to the economic news in germany. (note: ADX also lies above 15 level signal strong trend) www.dailyfx.com
Potential long position as trend begins bullish movement towards daily resistance. However, whether the trend breakouts the resistance or not is dependent on tomorrow's economic news in Japan
Hi everyone Here we have a buy set up with low risk. We broke the trend line, we got the pull back and now it's seems that the move is already started. Hope this chart will help you. *Sorry if there's some mistakes, but english is not my main language and I'm trying my best to avoid the mistakes. Good luck !
Silver has been inside a corrective structure since the beginning of July. I suspect buyers to come in around 19.50. First target area would be around 20.50-20.60. As long as 19.50 provides support my bias remains bullish.
Following the additional stimulus of over 20 trillion yen announced early today by Shinzo Abe, I think that investor sentiment in the Japanese economy will be largely boosted, causing increased long positions in this pair, pushing up the price. Why now and why 110 yen? There has been a lot of choppy behaviour based mostly on structural moves recently, and I...