EURGBP shortIt reached strong daily resistance and after rally it is expected to have some sort of correction
Selling
NZDJPY - Good shorting opportunityLooking for a pullback into 81.00 to sell for a short term trade down towards 80.40. If that level folds another run for 79.80 is likely.
EUR/AUD - Long term corrective structurePrice has made it all the way back up to the top of the daily corrective structure. For now I anticipate this structure to hold.
I used a parabolic exhaustion move into the 1.45100 level to enter my trade. Will take first profit rather quickly and move my stop down to 1.45150 if this rejection looks healthy.
Final target will be at the bottom of the corrective structure.
GBPUSD SHORTS Pound currently showing weakness against the dollar. My longterm view of the pound is that it will see 1.1500 next year and aren't really looking for too many buy trades until it proves its got strength. However in the mean time it is sitting in a precarious position above 1.22500. A break of this level will see us down to new strong level of 1.2500 which has been a stiff hurdle to overcome on recent attempts. a break of that level will see us down to 2.00
SHORT GOLD @1164.00 !Signal short gold at 1164.00 from private analysis share group.
Most of my analysis are based on simple Price Action (PA) and Ichimoku combined with BB.
EUR/GBP - Looking to short on pullback towards 0.8520Looking to short this pair if we get a pullback towards 0.8520 without breaking the lows around 0.8495. Primary target will be around 0.8500 with extended target all the way down at 0.8400.
USDCAD Longterm Shortwaiting for confirmation of break of the current monthly trendline support, after that a good move to the downside to price 1.28256, that support will be tested for a further break to create the new lower low in the monthly perspective.
SHORT GOLD (xau/usd)We are in a quite important time for gold at the moment, My view on the commodity is bearish longterm down to potentially 840.00. That said Gold is currently showing another short term selling opportunity opportunity. After breaking 1200 last week (which I called in a previous previous gold post) we are currently retracing slightly back up to that level once more. This also lines up with the 61.8 of the previous downward move and the top of the current downward channel. with these confluences in mind i will be looking at price action around this level for multiple rejections or reversal signs. should we get a valid rejection signal targets will be down at 1160.00 and beyond to 1140.00
AUSSIE is preparing for explosive fallExplosive fall is about to begin . Demand decrease @ $0.745 . A lot of buyers trapped @ $0.738 just above support. Because Money Flow is down, our Odds are for short. 1:6 risk:reward trade (take half when 1x profit)
HEAD AND SHOULDER NZDUSDNZD/USD IS displaying a large head and shoulders pattern on the daily chart. This trade at the moment is presenting an excellent risk reward of 1:4.5 should the market retrace slightly back to structure after selling off at the end of Friday. if market does not retrace and continues lower a strong 4 hour close below 0.70005 will also present an opportunity with slightly less of a risk reward but still very favourable. initial targets at 0.68500 2nd target at 0.66000
AUD/USD Short read description.Thia pair has been inside a channel since 20th october and the price has reached the top line.
That may result in a down movement. Furthermore, the MACD and RSI show that there exist a divergence that also may cause a down movement.
Main trend is bearish and it may go down.
There are many proofs to say the price is going to fall and there is no any proof to say the price is going to go up.
US/OIL - Breakdown of corrective structure and pre-breakoutWe are seing a pre-breakout structure forming and a possible breakdown of the corrective structure if this breakout manifests. Trade idea is pretty straight forward, entry close to the top of the corrective structure in cas of a pullback or a breakout-retest entry.
Short term target for me would be around 48.25 and longer term targets 47.70 and 46.00.
EUR/USD - Euro continues to show weaknessAm expecting price to at least make another attack on 1.08600. Aiming for an entry around 1.0895. If 1.0860 fails, next target would be the support area around 1.08260-1.08059.
EUR/GBP - Breakdown of structureThe same pattern is visible on all GBP-crosses this morning. Strong counter trend impulsive move closing below/above swing high/low, indicating the counter trend players have had enough and want to see a stronger pound.
If this structure holds and we see a pullback towards the short-term corrective structure top I am looking to go short around 0.89930, targeting 0.89700 primarily and thereafter the incoming support zone around 0.89150-0.89320.
USD/CHF - Correction underneath strong levelCorrection forming underneath a strong resistance zone. Will be going short on a pullback to 0.9670, targeting 0.9655 primarily. Extended targets are 0.96350 & 0.9595.
EUR/GBP - Change in order flowThe bullish mid-term trend seems to be coming to an end. Price has created a new lower low and is now consolidating within a small corrective structure which I assume will be followed by a new strong move south. Was not able to get in before the London open but am hoping for a retest of the small resistance zone and am aiming for 0,86100 as a primary target and my extended target area will be 0,85800.
GER30 / DAX - SHORT1) BULLISH CHANNEL
2) BREAKING MINOR SUPPORT
3) ON A PULL BACK
4) CREATING A NEW LOWER HIGH
& More...
I would expect price to rally to at least 10624 as we are on a pull back.
GBP/USD - Selling into resistanceSelling into resistance. If this zone holds my initial target is 1.30000-ish and if that level folds I am looking to hold my second position until 1.2880.
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