Charts247TradingAcademy

Charts247TradingAcademy Updated 

The downtrend is strong and in place, we have seen a normal correction. Price is stuck between 50&61.8% retracement of the 2nd wave down, the option here is to short below 143.55. A very tight stop is required because if price trade above 144.15, a bullish run is possible. Having said that, the dominant force is the downtrend. SHORT:143.55 STOP: 143.95 TARGET...

Charts247TradingAcademy Updated 

A well beaten Aussie still sit just above the Bullish line, 0.7210 stand as a price structure that will dictate where price will end up in the short term. A violation is in place, we can expect a push to the upside to correct the violation, buyers may push price above the momentum high or just shy of the high. Entry Long: 0.7230 Target: 0.7343 StopL:...

Charts247TradingAcademy Updated 

The Bullish Trend on the 4HRS chart is clear, according to price behavior, there's a violation (On 03.12.18: 06:00 Price made a LL1.) which means Buyers are not comfortable with current price level. The least we are expecting is a correction of that violation, which should take price to 1.3183. If price break below 1.3183, we will keep our short open. At this...

Charts247TradingAcademy Updated 

The Bullish run is losing its momentum, price currently sits above an important structure 113.38. A rollover below the structure will pose downside risk to the gains made by buyers. We are short below the 113.38 targeting 112.59 area. Stop above the current high 113.55. --------------------------------------- To achieve consistent results; as a Trader your Job...

Charts247TradingAcademy Updated 

The situation here is as clear as it can be. We have a Bullish momentum that took price all the way to 1.1472 last week, what we have observed since then is just a normal correction. We have a Higher High and Higher Low, the current retracement in price is another Higher Low of the last Higher High. Price as we know is the best indicator. Long at:1.1375 Stop at:...

Charts247TradingAcademy Updated 

USDJPY is currently trading below the significant price structure 113.63 which was broken below last week. This break confirms a trend change in the USDJPY. A low is in place and we expect some reaction to this move down, a Lower High is expected for a confirmation of the bearish momentum. As we know 'Price does not travel in a straight line'. The price for...

Charts247TradingAcademy Updated 

We are short EURJPY from 129.22, a key trendline supporting price was broken to the downside. Another significant price 129.35 is left behind and the only option here is to follow the sellers. We will target 128.32 for the short term. A trade above 129.55 will close us out. Entry Short: 129.22 Stop Loss: 129.55 + Spread Target: 128.32

Charts247TradingAcademy Updated 

The situation in AUDUSD is clear. We have medium structural point at 0.7104 this is just the first failure to extend the bullish run last week. This type of scenario is to lure many buyers in and frustrate the seller. Key numbers, we are long at the structure 0.7104, we will target the daily range first, 0.7142 and high of Friday next 0.7149. Above the Friday's...

Charts247TradingAcademy Updated 

We have a potential strong bounce from the structural point on EURJPY. Over the last few sessions, we have seen price printing lower lows without fully breaking lower, this scenario presents to us a high probability trading opportunity. We have a structure at 129.13 which has been tested this morning. If price continue to rise and close above the 129.68 1WCLOSE we...

Charts247TradingAcademy Updated 

This is a failure in sight, price has traded to the lowest area see last in 2016 January. Many sellers are going to scramble, while so many buy orders will be filled above 0.6467 and 0.6510. If price manage to break lower than previous day low. we may see short continuation.

Charts247TradingAcademy

We have this trade just after 22:00 Yesterday, and there was no deal and it seems the European Union will not let Britain dictate their rule to them. We saw pounds at a fairly high retracement level looking at the weekly chart. Our stance suggest buying is over that is why the long trade was exited on Wednesday. see trade: See earlier analysis: As we stand even...

Charts247TradingAcademy Updated 

Price traded above 130.87, this area is vulnerable to a quick slide. A momentum break to the upside is required if price is to continue higher, what we have seen here is the opposite, there has been no follow through in price to the upside. We expect price to decline below the close of yesterday towards 129.98, this area will encounter support, if price manage to...

Charts247TradingAcademy Updated 

Today we await MPC Official Bank Rate Votes, Monetary Policy Summary, Official Bank Rate, Asset Purchase Facility and the votes all at 12.00 Uk. time. Price suggest a nice balance in the actions we have observed so far in the cable, we have a clear action point towards the long and short opportunities. 1.3051 is where we will engage in going long, price printed...

Charts247TradingAcademy Updated 

We have seen price traded strongly to the downside in the past weeks, 0.7500 was the price for the long term up and down position we have taken in this pair. The current level price is trading at is really low for what was expected, however price action suggest a breakdown below 0.7100 will open further slide in the pair. We are short AUDUSD from 0.7110, stop...

Charts247TradingAcademy Updated 

What get you out get you in, Price moved lower below our long stop of 111.38, we had a buy point of 111.45 that was not filled.Today, break above 110.70 should give us a nice move towards 111.75 area. Entry: 110.70 Stop: 110.45 The possibility of more downside remains below 110.52, but the bigger picture is still strongly in favour of highs. As its the end of the...

Charts247TradingAcademy

We got stopped out at 111.38 overnight, taking 30pips of the board as we would like to observe price below this area. As we can see from the usdjpy 30 mins chart, the Uptrend is still intact forming on 50% retracement of the current run. Entry Long: 111.45 Stop Loss: 111.15 Target 1: 112.00 Target 2: 112.40

Charts247TradingAcademy Updated 

EURUSD close to neutral but can still rally. The pair declined from the high of 1.1734 below 0.382% of the initial run. A break above 1.1609, we will open a long position expecting a cross towards the starting point of the retracement. Above 1.1734, we can expect to see price trading close to 1.1835. Entry Long: 1.1610 Stop : 1.1520 T1: 1.1835

Charts247TradingAcademy Updated 

USDCAD is not to be ignored in this phase, clear trading decision here. Price is currently in exhaustion having traded from 1.2887 all the way making a higher high above 1.3175. We are looking to short or do nothing in this pair for now, entry below 1.3175, Low risk stop is 132.15. Initial Target: 1.3050 Target 2: 1.2950 Trade with caution and risk in mind....