Sell below 1.1715. Stop loss at 1.1750. Take profit at 1.1617. Reason for the trading strategy (technically): Price dropped perfectly from our selling area yesterday. We remain bearish looking to sell below 1.1715 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to at least 1.1617 support (Fibonacci extension, horizontal...
Buy above 0.7969. Stop loss at 0.7911. Take profit at 0.8066. Reason for the trading strategy (technically): Price is now testing major support at 0.7969 (Fibonacci retracement, horizontal overlap support) and we expect to see a bounce above this level for a rise at least to 0.8066 resistance (Fibonacci extension, horizontal swing high resistance). RSI (34) is...
Buy above 0.7461. Stop loss at 0.7401. Take profit at 0.7549. Reason for the trading strategy (technically): Price is approaching major support at 0.7461 (Fibonacci retracement, horizontal pullback support, Fibonacci extension) and we expect to see a nice bounce above this level for price to reach at least 0.7549 resistance (Fibonacci extension, horizontal...
Buy above 129.54. Stop loss at 129.20. Take profit at 130.50. Reason for the trading strategy (technically): Price has dropped from our selling area perfectly and reached our profit target. We prepare to buy above major support at 129.54 (Fibonacci retracement horizontal overlap support, Fibonacci extension) for a push up to at least 130.50 resistance (Fibonacci...
Sell below 88.83. Stop loss at 89.35. Take profit at 87.65. Reason for the trading strategy (technically): Price has broken a really nice ascending support-turned-resistance line triggering a bearish move. We prepare to sell below 88.83 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 87.65 support (Fibonacci...
Sell below 111.56. Stop loss at 112.27. Take profit at 110.29. Reason for the trading strategy (technically): We remain bearish and continue to sell below 111.56 resistance (Fibonacci retracement, horizontal pullback resistance) for a push down to at least 110.29 support (Fibonacci extension, horizontal pullback support, Elliott wave theory). Stochastic (21,5,3)...
Sell below 1.1746. Stop loss at 1.1782. Take profit at 1.1617. Reason for the trading strategy (technically): Price is right on major resistance at 1.1746 (Fibonacci extension, channel resistance) and we expect to see a reaction off this level for a drop towards 1.1617 support (Fibonacci retracement, multiple swing low support). Stochastic (34,5,3) is seeing...
Buy above 0.9493. Stop loss at 0.9451. Take profit at 0.9566. Reason for the trading strategy (technically): Price is now testing major support at 0.9493 (Fibonacci retracement, horizontal overlap support) and we expect to see a bounce above this level to at least 0.9566 resistance (Fibonacci retracement. Stochastic (34,5,3) is fast approaching 6.4% where we...
Sell below 0.7528. Stop loss at 0.7560. Take profit at 0.7461. Reason for the trading strategy (technically): Price has continued to rise and is now seeing strong resistance at 0.7528 (Multiple Fibonacci extensions) and we expect to see a corrective drop from this level to at least 0.7461 support (Fibonacci retracement, horizontal pullback support). Stochastic...
Sell below 130.50. Stop loss at 130.81. Take profit at 129.61. Reason for the trading strategy (technically): Price is reacting off major resistance at 130.50 (Fibonacci extension, horizontal swing high resistance, bearish pride action) and we expect to see a reaction off this level for a drop towards 129.61 support (Fibonacci retracement, horizontal pullback...
Sell below 88.92. Stop loss at 89.35. Take profit at 88.17. Reason for the trading strategy (technically): Price has dropped nicely from yesterday and we remain bearish below 88.92 resistance (Fibonacci extension, Fibonacci retracement, Elliott wave theory, bearish divergence) for a drop towards 88.17 support (Fibonacci retracement, horizontal overlap...
Sell below 111.56. Stop loss at 112.27. Take profit at 110.29. Reason for the trading strategy (technically): We prepare to sell below 111.56 resistance (Fibonacci retracement, horizontal pullback resistance) for a push down to at least 110.29 support (Fibonacci extension, horizontal pullback support, Elliott wave theory). Stochastic (21,5,3) is reacting nicely...
Sell below 1.1693. Stop loss at 1.1722. Take profit at 1.1583. Reason for the trading strategy (technically): Price has formed a really strong bearish reversal sign below 1.1693 resistance (Fibonacci extension, horizontal swing high resistance, bearish price action, bearish divergence) and we expect to see a further drop below this level towards at least 1.1583...
Sell below 0.9530. Stop loss at 0.9563. Take profit at 0.9436. Reason for the trading strategy (technically): Price has shot up perfectly and reached our profit target from yesterday. We prepare to sell below major resistance at 0.9530 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance) for a push down to at least 0.9436 support...
Sell below 0.7423. Stop loss at 0.7461. Take profit at 0.7332. Reason for the trading strategy (technically): Price has finally properly broken our key support level at 0.7423 (Fibonacci retracement, horizontal overlap support) and we plan to sell below this level for a push down to at least 0.7332 support (Fibonacci retracement, horizontal swing low...
Sell below 0.7969. Stop loss at 0.8005. Take profit at 0.7841. Reason for the trading strategy (technically): Price is hovering below major resistance at 0.7969 (Fibonacci extension, horizontal swing high resistance) and we expect to see a drop from this level towards 0.7841 support (Fibonacci retracement, Fibonacci extension, horizontal pullback support). The...
Sell below 89.31. Stop loss at 89.66. Take profit at 88.15. Reason for the trading strategy (technically): We prepare to sell below major resistance at 89.31 (Multiple Fibonacci extensions, swing high resistance) for a push down to at least 88.15 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below 97%...
Buy above 111.38. Stop loss at 110.64. Take profit at 112.90. Reason for the trading strategy (technically): Price has bounced up perfectly from our buying area and is fast approaching our first profit target. We remain bullish above 111.38 support (Fibonacci retracement, horizontal overlap support) for a further push up towards 112.90 resistance (Fibonacci...