Pullback completed Bullish engulfing pattern completed on daily Trade to Fib Extension at -0.27
A higher high gives confirmation for this entry
Looking to trade the breakout up to the key resistance zone. With a weakening of the USD last week, looking for the pair to go back up after a deep pullback. Will go long if the downtrend line is broken. 200 EMA was respected last week so long bias. Could possible trade this short if the trend line is respected.
This pair is short term long and will head down for a short. Short from key resistance level to key support. Looking for rejection of 61.8 fib and will exit at -27.0 fib.
A bounce off this trend line down to major key level confluence with 61.8 fib. Wait for break of rising wedge. Expected upside after this move. May move stops to break even after 50%.
Market is consolidated. Can take advantage of this short.
The pair has consolidated. I am short bias but these are two potential setups that could take place during the week.
Will trade up if trend line acts as support.
Charts quite messy. Trade down to new lows. Looking to enter after a more apparent breakout. May take profit 80 pips in.
Short biased on this pair but depending on how price plays out I believe it could go either way. Two trading ideas.
A few possible moves on this pair for the week ahead. Will trade on the lower time frame.
Trade the falling wedge breakout Failure to close below a key level and the 61.8 Fib Wicks don't lie
Wait for breakout and retest on a lower time frame.
Rejection of the 1.4000 region
The pair is looking bullish in the bigger picture. This is a possible setup currently, but I am waiting for a trend line breakout to occur in order to trade the pair with a more rewarding setup.