Usdcad
We have traded into strong resistance on USDCAD and we have bearish price action from this area.
For as long as we are trading under this upper resistance level we have a bearish bias on this pair.
If you seek confirmation, a break under 1.312 and a retest of that level we would consider to be confirmation.
Downside targets;
1.284
1.270
We have traded into strong resistance on USDCAD and we have bearish price action from this area.
For as long as we are trading under this upper resistance level we have a bearish bias on this pair.
If you seek confirmation, a break under 1.312 and a retest of that level we would consider to be confirmation.
Downside targets;
1.284
1.270
Usdjpy
We came just short of the upper resistance level we have defined.
It is yet to be determined if this was just a miss of that level or if we will trade back up into that.
117.98 we have as our bearish breakout level.
A closed day under this we would consider the market weak (even the wick through it we consider somewhat bearish).
Downside target 107.
Break over the upper level and we have to consider bullish potential.
We came just short of the upper resistance level we have defined.
It is yet to be determined if this was just a miss of that level or if we will trade back up into that.
117.98 we have as our bearish breakout level.
A closed day under this we would consider the market weak (even the wick through it we consider somewhat bearish).
Downside target 107.
Break over the upper level and we have to consider bullish potential.
Eurusd
Looking to buy this, we are not deterred by the "scary" bearish price action.
After the first breakout of this level target 1 has been met and we have reverted to the mean.
We are looking for another strong push up on this with an upside target of 1.1894.
If you seek confirmation - we would consider a break and close over 1.135 to be that.
Looking to buy this, we are not deterred by the "scary" bearish price action.
After the first breakout of this level target 1 has been met and we have reverted to the mean.
We are looking for another strong push up on this with an upside target of 1.1894.
If you seek confirmation - we would consider a break and close over 1.135 to be that.
Eurgbp
This had traded up and above our bullish breakout zone but it closed the week under it.
The price action on this also looks very bearish but we have a more bullish bias but we want to see price breaking above the blue zone.
In the event of such a break, the green lines are the target areas.
This had traded up and above our bullish breakout zone but it closed the week under it.
The price action on this also looks very bearish but we have a more bullish bias but we want to see price breaking above the blue zone.
In the event of such a break, the green lines are the target areas.
Audusd
We are bullish on this but price has a long way to go to breakover out breakout zone.
The risk:reward on this trade buying it around this price with stop loss under the lows established is very good.
The blue zone can be the initial target and the green lines if it breaks.
We expect a lot more weakness in this in a month and one of the green lines may also be where we trade a reversal from.
We are bullish on this but price has a long way to go to breakover out breakout zone.
The risk:reward on this trade buying it around this price with stop loss under the lows established is very good.
The blue zone can be the initial target and the green lines if it breaks.
We expect a lot more weakness in this in a month and one of the green lines may also be where we trade a reversal from.
I think that eurgbp asset will go up.
Well I have opposite opinion on that matter. Going to Short EUR/GBP, there is bad impact on FTSE 100 especially from english mining companies which are likely to draw the GBP done a bit for a whole next week.
Arashimuro
Member
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I think that eurgbp asset will go up.
Arashimuro
Member
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- 86
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- 7
usdjpy is forming triangle ..waiting for selling at 121.000
