As always, with any NFP, really tricky to trade this one. If we close below 1.09500, then could see a bit more downward action. SELL around 1.09500. I really would like seeing it closing that gap! But, if dollar will be even weaker, then possible LONG 1.09850 and then definitely aiming for 1.10 . Be very careful! Keep an eye on the price action!
A bit more to the overbought side and then back down to test the trend line. Could be a possibility. In a very long term, still leaning towards the upside.
We have a pole, we have a pennant formation. Under the Pennant theory, they tend to continue the trend upwards. I would say, watch the breakout levels. If you will see that the bottom support is holding, then we could see some more BULLS coming in. But if it will close below the support, there is a chance for the downside. Keep an eye on the price action!
Ok... This one is interesting. Your typical text books formation. But, the Right Shoulder has not been confirmed yet, so it might not form it in the end. Be careful. If it will close above around 3.30, then it won't be H-a-S. But if it will want to push lower, then I would be really happy to see it go to 2.80, 2.60 and we're very lucky, 2! But this just an...
A very interesting trade... Could be... It looks like we are heading towards the steeper trendline and the level is around 1240. Now if this won't be enough to hold it, then, I think, "Bombs Away!" towards 1200 and maybe 1170 levels. But let's see what happens. Keep an eye on the price action!
If we look at the Weekly, then it seems like we have finished the 5th wave and started the ABC correction. But this is only an idea, because it is quite difficult with this market. But this could play out quite nicely. Looking to SHORT with a small position now, and place an SELL order if the 60 minute candle will close below 7100.
Looking forward for the continuation of the yesterday's strong push down. Could take a few days. Hopefully.
Looking for a possible SHORT at around 1.34500 with a TP at around 1.34100 .
Potential small SHORT to test 1.06300 level, but then, PROBABLY, bounce back to the upside. Let's see if it works out =)
I understand that this is a bit against all the SHORT indications, but there is a chance for it to go to that "green box" level. This is only if it will break the upper downward trend line. The big test will be around 1288-89 area. If it will hold resistance, then looking forward to the down side. But for now, I am bit leaning towards the up side, as this could be...
Potential quick move on USDCARD
Potential moves. Keep an eye on the previous highs and lows.
Quick Sell on the EURUSD to around 1.06200
Keep your eyes on the key resistance and support levels. If it closes above 0.75090, then could see rebound to the upside and potentially hit around 0.76 level. Stochastics RSI also indicates that we are currently over sold. But personally, looking at the Weekly chart, I am leaning towards the SELL side. We can see that we haven't tested the 100 MA level, which...
Weekly chart is telling that there could be a potential move to the middle of the Bollinger Band. If it closes above 71 level, then aiming for 73. If 73 get's broken, then the next level to watch is 76. Stochastics RSI is also indicating an oversold position.