Everything is pointed out on the charts.
Looking for a lower high to be formed to get short on Gold to 1400 level.
The price of EURUSD has been considerably bearish with more lower highs and lower lows formed and slight consolidatory phases. However, following l ast month bullish reversal candle formation close ( Morning Star) . It is time to switch the frames in which we look at this pair from. It is time to consider bullish opportunities on this pair that only if...
Trade is in profit and good to lock profit at this level
Considering the current position on Gold after hitting support and the Dollar failing to break above weekly resistance, we are likely to see strength in gold and weakness and dollar. Using the correlations, AUDNZD is going to gain strength off this weakness in dollar and using technical analysis, i have constructed a trade around this point.
This is a follow up to my previous long post on this pair. It closed on a bearish note and failed to break on a retest of this level so it needs more bulls to push it above this level hence the short.
This market has actually broken above and has faced immediate resistance causing a lot of panic selling. This market can either fall to the 1.64603 level and find buyers step in or break this level to find another secure level for buying which is around the 1.63776 region. Regardless of the situation, for day traders, this can be a decent set ups for small pip moves.
Bearish Bat setup: 1249 is the sell region with stops just above using the Bearish Harmonic Bat setup.
Flag pattern on the hr just confirmed. Waiting for the head and shoulder to confirm on 4hr.
Just waiting on confirmation with a close above 1908
We are currently long on Gold and obvioulsy keeping an eye on key levels that include 1101.76 and 1118.50 as targets. Pure price Action trading.
USDJPY has made new lows for the past two days. I am going short on the test of the resistance line that happens to be also a 618 retracement to continue the move further down to 117. Good feedback will be appreciated !
Stops just above resistance at 1.5438 and targets are at .382 and 50% retracements. Follow on twitter @experiencetrading
Hello Traders, This product is just breaking out of the longterm downtrend channel and can fully be secured if we get a break out above the 134.301 resistance level. The first leg is to the next resistance at 135.572 area for a 50% retracement at 133.888 and to the major resistance at the 618 at 136.408 My stop loss is a trailing one from 132. 966
Hello Traders, I am taking a short on this pair because of the following technical reasons A. It has hit a 50% retracement from the move downwards B. it has broken the hourly trendline C. If you are a key price action trader then you can immediate resistance at 2.18718 Entry Looking for entry when a retest of the resistance ahead occurs from the bounce...
Hello Traders, Entry is the most important aspect of trading because it determines a lot e.g. reward, risk, stops and so on. It literally determines where your trade is going. As you can see, there is underlying support from the trendline and the eur has been bullish as of late so it is likely to find good support at 3 even though the double top has confirmed...