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- FxPositive replied Jun 29, 2014
NZDUSD is approaching its ALL TIME HIGH 0.8840, set in Aug 2011. I think its going to be hard to break above this level, at least on its first attempt. Short NZDUSD 0.8830-40 SL above 0.8880 TP1 0.8670 TP2 0.8400 image
- FxPositive replied May 23, 2014
Forex Trading Technical Analysis: EURUSD moving to next support zone Watch EURUSD price action carefully. A break below current support zone 1.3630-50, could send EURUSD lower to the next support zone around 1.3500. 2 ways to trade this. A) ...
- FxPositive replied May 2, 2014
Strong support at this area. Long GBPUSD 1.6820-40 SL below 1.6800 TP 1.6990 image
- FxPositive replied Feb 23, 2014
On the larger 4hr timeframe chart, I see two things happening. First, there is a potential head & shoulders pattern forming. Second, the neckline of the H&S pattern is exactly at a major pivotal support/resistance zone of 1.5000. Based on this ...
- FxPositive replied Feb 11, 2014
On the bigger timeframe, a potential head and shoulders bearish pattern is forming. In the present moment, GBPUSD is forming the right shoulder. The price action in week 07 and week 08 should determine the validity of the right shoulder. image If ...
- FxPositive replied Jan 22, 2014
For the time being, USDJPY is temporary stalling at the 61.8% FIB retracement. image Strategy is to buy on breakout above 105.50. image
- FxPositive replied Jan 15, 2014
This is a promising trade. Multiple technical indicators are lining up nicely. Although there are no 100% certainties in trading, it is good to see all the ducks in the same row. On the harmonic front, there is a bullish cypher pattern developing. ...
- FxPositive replied Jan 5, 2014
2013 is a good year for GBPUSD. A new BOE governor, Mark Carney, help to steer the ship in the right direction. The economy turn from doldrums to recovery mode. Most major UK economic indicators, including the PMIs, are on the way up. The growing UK ...
- FxPositive replied Dec 12, 2013
Bullish cypher harmonic pattern detected. Do be aware of the big spreads for this pair, especially during illiquid hours. Enter long at 78.6% retracement. LONG GBPNZD 1.9400-10 SL 50pips TP 1.9600 image
- FxPositive replied Dec 10, 2013
The highest price established for NZDJPY in 2013 is set at 86.40-50. There would be in high likelihood another re-test of this significant price resistance. The first attempt to challenge this high should hold. SHORT NZDJPY 86.40-50 SL 40-50pips TP ...
- FxPositive replied Dec 2, 2013
If you prefer to ride the bull train, it is not wise to chase the train after it leaves the station. Waiting for pullbacks are a much safer way to board the train. There have been 5 multiple attempts in the past to breach 1.6260-1.6300. The ...
- FxPositive replied Nov 27, 2013
From this weekly chart, one shall witness the ardent power of support and resistance levels. The fundamental basic structure of support and resistance is memory levels. It is the ability of humans to remember events from many years ago. Let me ...
- FxPositive replied Nov 25, 2013
For this AUDUSD, it could be potentially forming a bearish bat pattern. The price action right now is inconclusive as to whether the bearish bat pattern may form or not. Therefore, I am taking of the opinion that it could form. The key here is to ...
- FxPositive replied Nov 25, 2013
Bat harmonic patterns are generally reliable, with a success rate of about 60-70%. With one forming on the EURUSD on the 4hr chart, look to short at the 88.6% FIB retracement. SHORT EURUSD 1.3760-70 SL above 1.3800 TP 100pips
- FxPositive replied Nov 21, 2013
Technical analysis trading comes in many different varieties and favours. There are trend lines, elliott waves, breakouts, pattern formations and so forth. Today i introduce another concept in technical trading. It is called trading in the box. ...
- FxPositive replied Nov 13, 2013
For bearish traders, an excellent zone to short is 1.3450-1.3500. With the broken rising channel, this is my preferred strategy. SHORT EURUSD 1.3450-1.3500 SL above 1.3500 TP 1.3200 image
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