savvyacademy

savvyacademy Updated 

With 3 rising Tops and with a recent bullish rally that is so steep, it is anticipated that a consolidation is in the making. Should Price hold out recent top as resistance, it is likely to fall and gain support at the 1st Support as marked.

savvyacademy

With the bullish trend since Aug 2015, Sep 18 saw a tag of war between the Bulls and Bears with the Resistance zone (1.1432 - 1.1465). Punters cashing in profit gained from US Rates Announcement from yesterday (17 Sep), which happened to be around Fib extension 200% on 1 hourly chart. Short Term Bulls profit taking at Fib extension 127% at Point D Long...

savvyacademy

A classic downtrend channel is seen for EURJPY and the price is lingering around the top channel. Possible to short near 135.75 and to cover around 134.

savvyacademy

EURUSD is within/near Current Month (Sep) High, which is likely a resistance zone. To short around 1.1314 and cover near 1.1227

savvyacademy

EURUSD has broken a multi-month down trend, with signs of bullish strength since mid Apr 2015. There is a bearish setup due to 1.1442 being a multi-week resistance a inverted hammer respecting 1.1442 possibly bearish wedge formation A short setup is shown to be triggered once price broken below 1.1347 and target at 1.0865, leading to a 1:4 risk-reward.