EURUSD has kept below its 89 EMA for a few months. It is now testing a trendline in a key zone. This setup will be confirmed if the pair can fall out the bottom of the key zone and/or keeps below its trendline. If this pair bounces from its trendline, a return to the resistance zones will be anticipated. SL: 1.1785 TP1: 1.1119 TP2: 1.0842 TP3: 1.0570
Been waiting a long time on this setup. USDJPY has just broken out of a huge wedge. The exit coincides with a key zone, which can be used as a confirmation for entry and a guide for stop loss. This pair has also managed to remain above its 89 EMA, suggesting upward momentum. For this trade, strong resistance zones will be used as target prices. If the pair falls...
USDJPY has broken its trendline, retested and confirmed it. The retest level is confluent with the 89 EMA as well as a key support level, now turned resistance. A down fractal also formed with the 89 EMA and Williams Alligator. Further support levels will be used as price targets. SL: 110.100 TP1: 109.21 TP2: 108.5
Earlier this week, AUDNZD provided a quick short opportunity after a minor pullback. After hitting a price target perfectly, it has pulled back to the 0.618 Fibonacci level. This was also confluent with the 89 EMA, which has proven to be a prominent resistance/support with this pair in the past. The third confluent factor is the fractal resistance occurring at the...
EURJPY has broken out of a consolidating range. It has also crossed below its 89 EMA, having rejected it previously. The Williams Alligator is beginning to open up, even crossing below the 89 EMA. This is all in perfect conjunction with a Fractal resistance appearing below the Alligator. The target prices are based on historic levels of support. SL: 128.5 TP1:...
AUDNZD has crossed under its 89 EMA and retested it. A Fractal resistance has formed below the Williams Alligator as well as a trend line. The first price target is aiming for a recent level of support while the second is aiming for a major 2-week support. SL: 1.07595 TP1: 1.07060 TP2: 1.06700
GBPUSD has crossed its 100MA while confirming an upwards trendline. The Williams Alligator is being used to identify a confirmation and entry. Price targets are based on fibonacci levels and resistance. If the price crosses upwards over the alligator, this will be a confirmation. As always, this trade will provide updates from start to end. SL: 1.338 TP1:...
EURUSD has crossed its trendline and retested twice. A fractal pattern also formed just before the crossover, suggesting a reversal. Today, the pair moved towards and pulled back from its 100MA. This is an opportunity to enter long. Price targets are set at Fibonacci levels with respect to the past downtrend. SL: 1.1645 TP1: 1.185 TP2: 1.196
Today's news drive presents a perfect opportunity to enter short. This move was counter-trend, formed a fibonacci pullback and has set up a slingshot that aligns with the trendline. SL: 109.85 TP1: 108.4 TP2: 108
Anticipating a bigger trade but it appears a small trade can be made now. Will post a new idea as it forms. For now, just riding the momentum after this small pullback. SL: 109.1 TP1: 108.45 TP2: 108.12
USDCHF has bounced from a major resistance. Momentum indicators have signaled a reversal. It's safe to anticipate a 38.2% pullback. SL: 1.003 TP: 0.973
GBPUSD has seen a continuous downtrend with no significant pullbacks. However, it is losing downwards momentum in synchrony with USD's loss of upwards momentum. This week or early next week, GBPUSD should be expected to enter a significant retrace. Further, minor retraces in the current downtrend are aligned for harmonic Fibonacci levels, which can be used to...
EURUSD will be pulling back with the rest of the USD pairs. There are harmonic fibonacci levels indicating strong resistances for the pullback. Further, momentum and trend strength seems to have peaked. Reversal appears to have already been confirmed. SL: 1.168 TP1: 1.185 TP2: 1.195
USDCAD is failing to break a major resistance level. USD pairs have reversed. USDCAD bullish pressure has managed to maintain a consolidation relative to other pairs, but a big move is overdue. This trade is using harmonic fibonacci levels as supports for price targets. SL: 1.293 TP1: 1.2765 TP2: 1.263
Downward momentum has peaked for GBPJPY. It tested and failed to break a support level today, forming a double bottom instead. It also appears to have formed an ABCD pattern. This trade is anticipating a pullback to previous support/resistance levels, which are coinciding with the fibonacci levels of the complete leg. SL: 145.2 TP1: 147.1 TP2: 148.2
USDCAD completed a 50% retrace. A continuation of its uptrend should be expected. Fractal resistance to support a continued downtrend is failing to form and band width is already approaching previous peaks. Enter now. SL: 1.273 TP1: 1.3 TP2: 1.312
USD is expected to continue its uptrend this week, after a tiny pullback at the end of last week. USDJPY will make the push to a resistance and fibonacci level. SL: 110.560 TP: 111.190 TP2: 111.540
EURUSD seems to be exhibiting a rally, relative to its recent downtrend. If it completes a 38.2% to 50% retrace, it would also exhibit a band squeeze. A continuation of the downtrend should be expected if it bounces out of the marked entry zone.