Date: September 7, 2017
GBPUSD testing major resistance, prepare to sell
Sell below 1.3059. Stop loss at 1.3120. Take profit at 1.2913.
Reason for the trading strategy (technically):
Price is approaching major resistance at 1.3059 (Multiple Fibonacci extensions, horizontal overlap resistance) and we expect a strong reaction off this level to push price down to at least 1.2913 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 93% where we expect a corresponding drop from.
Date: September 7, 2017
USDCHF testing major support, remain bullish
Buy above 0.9536. Stop loss at 0.9493. Take profit at 0.9655.
Reason for the trading strategy (technically):
Price continues to test major support at 0.9536 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we remain bullish above this level for a bounce up to at least 0.9655 resistance (Fibonacci retracement, horizontal swing high resistance, price gap).
Stochastic (34,5,3) is testing major support at 3.8% where we expect a bounce from.
Date: September 7, 2017
USDJPY approaching major support, prepare to buy
Buy above 108.27. Stop loss at 107.92. Take profit at 109.46.
Reason for the trading strategy (technically):
Price is approaching major support at 108.27 (Fibonacci extension, horizontal swing low support, channel support) where we expect a bounce from to push price up to at least 109.46 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong support above 3.4% where we expect a corresponding bounce from.
Date: September 7, 2017
EURUSD testing major resistance, remain bearish
Sell below 1.1945. Stop loss at 1.1989. Take profit at 1.1825.
Reason for the trading strategy (technically):
Price continues to test major resistance at 1.1945 (Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction from this level to push price down to at least 1.1825 support (Fibonacci extension, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance below 94% where we expect a drop from.
Date: September 7, 2017
NZDUSD profit target reached absolutely perfectly, prepare to buy for a bounce
Sell below 0.7204. Stop loss at 0.7181. Take profit at 0.7264.
Reason for the trading strategy (technically):
Price dropped absolutely perfectly from our selling area and reached our profit target. We prepare to buy above major support at 0.7204 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 0.7264 resistance (Fibonacci extension, horizontal swing high resistance, Fibonacci retracement).
Stochastic (34,5,3) is seeing strong support above 2.6% where we expect a bounce from.
Date: September 7, 2017
EURJPY profit target reached, prepare to sell
Sell below 130.04. Stop loss at 130.72. Take profit at 129.13.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target really nicely. We prepare to sell below major resistance at 130.04 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 129.13 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance below 91% and we expect a strong corresponding reaction off that level.
GBPUSD testing major resistance, prepare to sell
Sell below 1.3059. Stop loss at 1.3120. Take profit at 1.2913.
Reason for the trading strategy (technically):
Price is approaching major resistance at 1.3059 (Multiple Fibonacci extensions, horizontal overlap resistance) and we expect a strong reaction off this level to push price down to at least 1.2913 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 93% where we expect a corresponding drop from.
Date: September 7, 2017
USDCHF testing major support, remain bullish
Buy above 0.9536. Stop loss at 0.9493. Take profit at 0.9655.
Reason for the trading strategy (technically):
Price continues to test major support at 0.9536 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we remain bullish above this level for a bounce up to at least 0.9655 resistance (Fibonacci retracement, horizontal swing high resistance, price gap).
Stochastic (34,5,3) is testing major support at 3.8% where we expect a bounce from.
Date: September 7, 2017
USDJPY approaching major support, prepare to buy
Buy above 108.27. Stop loss at 107.92. Take profit at 109.46.
Reason for the trading strategy (technically):
Price is approaching major support at 108.27 (Fibonacci extension, horizontal swing low support, channel support) where we expect a bounce from to push price up to at least 109.46 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong support above 3.4% where we expect a corresponding bounce from.
Date: September 7, 2017
EURUSD testing major resistance, remain bearish
Sell below 1.1945. Stop loss at 1.1989. Take profit at 1.1825.
Reason for the trading strategy (technically):
Price continues to test major resistance at 1.1945 (Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction from this level to push price down to at least 1.1825 support (Fibonacci extension, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance below 94% where we expect a drop from.
Date: September 7, 2017
NZDUSD profit target reached absolutely perfectly, prepare to buy for a bounce
Sell below 0.7204. Stop loss at 0.7181. Take profit at 0.7264.
Reason for the trading strategy (technically):
Price dropped absolutely perfectly from our selling area and reached our profit target. We prepare to buy above major support at 0.7204 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 0.7264 resistance (Fibonacci extension, horizontal swing high resistance, Fibonacci retracement).
Stochastic (34,5,3) is seeing strong support above 2.6% where we expect a bounce from.
Date: September 7, 2017
EURJPY profit target reached, prepare to sell
Sell below 130.04. Stop loss at 130.72. Take profit at 129.13.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target really nicely. We prepare to sell below major resistance at 130.04 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 129.13 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance below 91% and we expect a strong corresponding reaction off that level.