This idea is VERY SPECIFIC (and simplified) in that: Price has tested and closed (this past week) below a very important Daily Resistance Price = 119.322 Resistance Price 119.322 has corresponding Supporting Price at 116.488. This idea remains valid only if downside Rejection at 119.322 sustains-- Meaning, price in time will drop to Support 116.488 for tests--...
Overview: Yen has failed remarkably at 87.34 - 89.17 Buy-zone where Buyers previously shored Support. 87.34 - 82.37 is a Major Buy-zone layered with numerous Buy-levels which, so far, all have failed to attract Buyers. So what are the chances USDJPY will experience the unprecedented and anticipated Selloff? First the Yen has to find Buyers. Technically, The...
Reminder: FOMC Meeting Minutes is scheduled Wednesday April 6 at 14:00 EST-- This is catalyst for volatility in Currencies paired with USD. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
Overview: USD has The FOMC Fed Announcement this Wednesday March 16, which is cause for volatility (fundamentally) in currency paired with USD. Looking analytically at DXY on Daily, price is ranging inside a Captioned Sell-Zone. Taking Bears approach due to Captioned-zone, a rejection to the downside is expected from Captioned-ceiling (99.179 | 99.091) through...
Overview: Long Trade currently in play for Target 0.94720 as described in attached link: However, reversal/ pull-back is likely starting from current price through 0.93556 for target 0.91474-- Therefore confirm reversal cues at 0.93556 prior executing short entry or closing Long position. Note: Idea is to complement your research. Check comments section...
Overview: USD has The FOMC Fed Announcement this Wednesday March 16, which is cause for volatility (fundamentally) in currency paired with USD. USDJPY is approaching clusters of Resistance and, technically, potential reversal is expected as sellers attempt control starting 118.226 price-range down to 114.201 for target. Note: Idea is to complement your...
Overview: USDCHF has reached levels that last experienced days of heavy testing dating back 25, Mar 21 through 05, Apr 21. Considering price has approached this zone three additional times, it is likely it will penetrate a little deeper prior to sell-off. 0.94791 - 0.94983 has Confluence of Resistance and could be monitored for reversal cues on smaller...
Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
As is, EURAUD is trading below previous Buy-zone. For successful Short trade, rejection confirmation is necessary at prices 1.56045 and 1.55832 However! A very important point to note: Price is ALREADY INSIDE A Monthly timeframe BUY-ZONE, ie 1.53609 | 1.56976 IS Buy-zone for Target 1.63463. This makes 1.54173 | 1.53609 zone have Confluence of...
As mentioned in previous ideas, AUDCAD has succeeded one Buy-zone and is in the process of gaining entry to a secondary Buy-zone. However! A major pull-back is due. "Typical Price-Action Sequence" is one example of anticipated pull-back-trade-setup. Remember to always follow updates on shared ideas Note: Idea is to complement your research. Check...
First approach is to confirm price rejection DOWN to Buy-zone. Next approach is to confirm price rejection to UPSIDE Targets. This idea supports previously shared idea with its updates at Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
Overview: Price has completed very important tests at 0.90297. Currently, price is trading inside 0.89694 | 0.91411 Buy-zone. From its current Buy-zone location, price could present Buy-entries by pulling back to a 50% retracement price-- Or Price could advance for tests at Target 0.94720 Note: Idea is to complement your research. Check comments...
Test at 82.178 has completed which gives chance to short-term and Long-term Targets. Short-Term Targets: 84.844 | 86.227 zone; 85.604 | 87.712 zone. Long-Term Targets: 88.226 | 91.419 zone; 88.792 | 93.631 zone. As is, Price-Action suggests price is trading on Bullish territory. Moving Averages, too, suggest Bulls have Greater chance. Note: Idea is to...
Overview: Currently, price is in Caption-zone ( 1.08171 | 1.06901 zone) drafted from Monthly Time-frame. Selling or Short opportunity is expected at this zone. This opportunity presents multiple Take-profit zones as charted. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment,...
As charted earlier, price Failed at Resistance 1.73619. It is right to not overlook or under-estimate a retest at 1.73619 | 1.76831 zone for Short entries. HOWEVER, recent price action suggests areas where price is likely to Experience Tests and highly likely FAIL so as to seek new Buyers at listed Target zones and finally drive price UP to new upside Targets...
Overview: 1.70809 | 1.77529 is a rejected Buy-zone looking as far out on Monthly timeframe. Price is currently trading inside multiple Caption/ Sell-zones: 1.70042 | 1.71501 and 1.69167 | 1.70367 zones. EUR has Major news no more than 4hrs from now for potential price volatility. Sell Entries should be inside Caption prices for target zones 1.67230 |...
As is, price is ready to advance for tests at 1.26186. Or, Price could seek more buyers at bargain Entry prices. Either way, there's opportunity to fit your risk : reward appetite. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
This Idea does not differ much from previous shared EURUSD idea/s. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.