Extremely oversold market with divergence However, the momentum is down, any up move is just a retracement on the daily/weekly If price breaks past 82.500 it would be a good opportunity to capitalise on the move up which should test around 85.00 area ultimately before continuing the overall down trend move. Follow for more, like and also share your thoughts ;)...
DXY was melting, now its gone on a rally.. i'm looking for usdxxx longs with usdchf being the first one as it has nicely broken structure.. Look for a retracemenet to the .382 level which will retest both the trendline and the broken L.H thus confirming bias. Trade with care Like and follow for more.
Clearly price has rejected this zone and has broken structure for the move to the downside. I would wait for a retest and then ride this beauty as the success probability of this trade is very high (once retested) Huge divergence present also
Broke structure, JPY look to be doing a retracement on a larger time frame so we can capitalise on this, and buy it for around 140 pips
at the .382 i expect this to be a very good trade. considering the actual structure on the daily (channel) And break of structure indicates another move to the upside.
The news has given us an overall direction.. look for entries on this. Looks like a good trade, especially if it retraces to that area which would make it into an inverse head and shoulders.. Price never broke out of the overall structure as pointed out therefore the channel is still valid .
This is where i would look to take profits on my USD longs.
I posted this one a while ago.. it has been retracing for a while, need to wait for it to retest and then we can get into it :) very good trade. Trade with care Thanks
I think this week, we will see EU hit the 1.2500 level. Look for buys.
Lower highs on daily are present as shown Which indicates another move to the downside after this retracement to test weekly resistance.. Channel on lower time frame (4h) was broken, and if we see any retracement to the red line shown, personally I would look for entries (short) as this is a great trade overall with high risk to reward ratio and multiple factors...
As we can see the area indicated is a MAJOR point of confluence with 1.05000 being a weekly support zone. Overlapping trendiness from multiple points including one on the weekly time frame A daily harmonic pattern which is a big indication to expect a bounce from that zone, especially considering the other factors. And finally, a very oversold market with the...
With the fundamentals in play and DXY finally starting to move in the direction it should.. We are looking at USDCHF for a great swing to the downside.. Firstly i'm going to monitor how the daily candle closes.. We should expect a small retrace to the area indicated for a retest or even a small consolidation before it melts to the area indicated... IF we look at...
I'll wait for a flag around that area before i commit to a buy ;)
Monitor for the move indicated, great risk to reward ratio.
If you missed the initial entry around the trendline, Price is clearly forming a flag pattern (now has broken out) Meaning price is likely go to 11680ish which is the first strong profit target. The next target is around 17.000 which is the completion of the bearish harmonic pattern. Trade with care