Looking for long setup for the week. All the necessary details on the chart.
Chart speaks. Ideal target is -0.27 extension. Stops @ 0.86670 Target @ 0.87350
Chart provides the necessary details why the setup is excellent. Potential 190+ pips on the table. First Take Profit: 90 pips Second Take Profit: 100 pips Stop Loss: 30 pips
Monthly, Weekly and daily all suggesting further bearish continuation coming. Look my other post related to Dollar Currency Index.
As long as the trendline and the horizontal support holds this pair provides good buying opportunities. Possibly new higher high to the channel top.
Price broke the rising wedge to the downside and next week there should be a good chance to short when the price retests the level mentioned on the chart. Patience pays.
Selling opportunity for the GU after the price broke the consolidation box to the downside. CMP is a good price to sell with good risk/reward.
Many confluences to take the trade. First of all, very nice head & shoulders formation printed just lately. Secondly, the price sits at the 61.8 fib level at the moment. Thirdly, the trendline to the downside has been broken. And, also daily res is at these prices. The best thing is that stop loss is very tight which means low risk, and the reward is pretty delicious.
GU might be providing very good long opportunities for the coming days and weeks. Longs are to be taken from either 1.213 or 1.21. However, if the 1.21 fails to hold the opportunity is invalid. I will update when the week starts.
An analysis is purely based on price action and the cycles of the market. A very likely place where we're going to see bears taking the market to 7.5k before the price is ready to move higher and possibly to the new aths. Tight stops as if the resistance and the trendline are violated the trade is invalid.
Price at monthly key level support has broken trendline on 4h. Ready to Bullrun soon. Know the zones. Go check monthly to confirm by yourself. No need to use fancy indicators and stuff. It's about time and space, space and time.
Buy the retest of a broken bearish trendline and the key level. Boris make the pound great again :D
Let's get this excellent risk-reward short together! Stop loss is tight because I believe that this is the spot where the shorting starts for this pair and if I'm wrong then we cut it fast. However, I'm expecting the 3rd bounce to the trendline before any further moves to the upside. It's almost a shame not to short this pair, but if you have your own bias go with it :D
Alright, so this pair offers a pretty good looking shorts, as previously the trendline has broken and now it's also retested. 4h candle printed shooting star giving a good place to set stops slightly above. And, targeting to -38.2 and for tp2 61.8 fib extension