Looks like we have some nice support (A) and resistance (B) zones setup here and right now we are sitting pivot at 1.36. So for today look to get long from around the A area on a nice candlestick signal . Or short from here on a break and failure to break back above. Similarly […]
After a great day today with the bullish hammers , it looks like we might be turning south. Marked on the chart we have ,where we are right now 1.3550 at A and pivot around 1.3580. So to look for short positions at A or B we have to see firstly a rejection of that […]
Had a nice Bullish Hammer on the M30 right at our daily analysis this morning which provide a nice bunch of pips. And now watching to see if we get another bounce off the trendline. As another Bullish Hammer just hit the Alert Window I would be a bit watchful right now .
I have marked up the chart here with the support areas A and B. Look to try to get a long entry from one of those points , only if we see a failure to break down the support and with a nice candlestick signal. If support at A or B is broken you could […]
Nice bullish hammer CandleStick Signal this morning on the daily leading us into at least 100 pips ! Analyis of this pattern using the Traders Edge shows that this pattern on the 1 day chart is worth at least 100 pips which is where we are now .
This is looking like a bearish pennant so for today look to go short either at B on a failed test of the 1.3550 area or short on a break of A . If we break B then look for the break to be sustained before going long. If you are looking for a long […]
Going to be watching 4 places today . Primarily C and D at first . So watch for either short positions on a sustained break of D just under 1.35 or long positions on a sustained break of C 1.3550. Also look for shorts down from either B or A if we get a shoot […]
Going to be watching the points marked A and B today and the sloping uptrend line. Looking for long positions from A with a candlestick signal up to 1.36 or a sustained break of 1.35 back down to below 1.34. At B , 1.36, look for resistance here to grab a short position back down […]
Nice candlestick earlier on today on the 30 min chart which hopefully got you into trade just above the 1.3750 as spoken about yesterday. So: for today We have 3 possible places to watch here .A at 1.35 ; watch here for support to take longs back up on a nice candlestick alert and of […]
Today watch for either a break of the longer term 4H trendline at A or that trendline acting as resistance. Level will probably be 1.3750 so go short or a failure to break and a candlestick signal , or long on a sustained break ( price breaks and then fails to break back down) also […]