FX Trading Ideas...
- Thread starter TayOO
- Start date
EUR/USD intraday: rebound.
Pivot: 1.3875.
LONG positions @ 1.3885 with 1.4 & 1.405 in sight.
Alternative scenario: The downside penetration of 1.3875 will call for 1.3805 & 1.375.
Comment: the pair is rebounding on its bullish channel lower boundary and should reach its next resistance, the RSI is well directed.
GBP/USD intraday: continuation of the rebound.
Pivot: 1.6270.
LONG positions @ 1.628 with 1.645 & 1.651 as next targets.
Alternative scenario: The downside breakout of 1.627 will open the way to 1.617 & 1.61.
Comment: the RSI is well directed, the pair is on the upside and is challenging its MT declining trend line, caution.
Pivot: 1.3875.
LONG positions @ 1.3885 with 1.4 & 1.405 in sight.
Alternative scenario: The downside penetration of 1.3875 will call for 1.3805 & 1.375.
Comment: the pair is rebounding on its bullish channel lower boundary and should reach its next resistance, the RSI is well directed.
GBP/USD intraday: continuation of the rebound.
Pivot: 1.6270.
LONG positions @ 1.628 with 1.645 & 1.651 as next targets.
Alternative scenario: The downside breakout of 1.627 will open the way to 1.617 & 1.61.
Comment: the RSI is well directed, the pair is on the upside and is challenging its MT declining trend line, caution.
EUR/USD intraday: rebound expected.
Pivot: 1.3875
Long positions above 1.3875 with targets @ 1.4 & 1.4050 in extension.
Alternative scenario: Below 1.3875 look for further downside with 1.3805 & 1.375 as targets.
Comments: the pair should rebound on its bullish channel lower boundary as the RSI is well directed.
GBP/USD intraday: caution.
Pivot: 1.627
Long positions above 1.627 with targets @ 1.645 & 1.651 in extension.
Alternative scenario: Below 1.627 look for further downside with 1.617 & 1.61 as targets.
Comment: the pair is on the upside and is challenging its MT declining trend line, the RSI is mixed to bullish.
Pivot: 1.3875
Long positions above 1.3875 with targets @ 1.4 & 1.4050 in extension.
Alternative scenario: Below 1.3875 look for further downside with 1.3805 & 1.375 as targets.
Comments: the pair should rebound on its bullish channel lower boundary as the RSI is well directed.
GBP/USD intraday: caution.
Pivot: 1.627
Long positions above 1.627 with targets @ 1.645 & 1.651 in extension.
Alternative scenario: Below 1.627 look for further downside with 1.617 & 1.61 as targets.
Comment: the pair is on the upside and is challenging its MT declining trend line, the RSI is mixed to bullish.
Quote from TayOO:
Interesting breakout... 1.4000 could be the next level!
See chart attached
Yes, I observed that too, but we might not see it today, even if it does, time is against us as it is friday. Catching it can be tricky.
Just my take.
regards
Quote from TayOO:
Interesting breakout... 1.4000 could be the next level!
See chart attached
Are you sure this isn't the more important TL at hand?
I don't see any meaningful PA occurring above that today.
Happy to be proven wrong.
I'll shut up now
I'll shut up now
lol...u need pretty quick reflexes to catch that but still its a good call.
enjoy your weekend everybody.....