Date: November 21, 2017
USDCHF back up to test major resistance once again, prepare to sell
Sell below 0.9935. Stop loss at 0.9990. Take profit at 0.9847.
Reason for the trading strategy (technically):
Price has bounced up to our selling area once again and we look to remain bearish and sell on strength below 0.9935 resistance (Multiple Fibonacci retracement, pullback resistance) for a strong push down to at least 0.9847 support (head and shoulders exit potential, swing low support, Fibonacci extension).
Stochastic (34,3,1) is seeing major resistance below 96% where we expect a strong reaction from.
Date: November 21, 2017
EURUSD approaching major support, prepare to buy
Buy above 1.1692. Stop loss at 1.1613. Take profit at 1.1850.
Reason for the trading strategy (technically):
Price has been whipsawing around yesterday. We remain bullish looking to buy above major support at 1.1692 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 1.1850 resistance (Fibonacci extension, horizontal swing high resistance) once again.
Stochastic (34,3,1) is seeing strong support above 1.5% where we expect a bounce from.
Date: November 21, 2017
AUDJPY starting to bounce nicely, remain bullish
Buy above 84.57. Stop loss at 83.63. Take profit at 86.67.
Reason for the trading strategy (technically):
Price has started to bounce nicely off our major support as expected. We remain bullish looking to buy above major support at 84.57 (Fibonacci retracement, horizontal overlap support) and we expect to see a bounce above this level to push price up to at least 86.67 resistance (Fibonacci retracement horizontal pullback resistance).
Stochastic (34,5,3) is seeing strong support above 6.1% where we expect a bounce from.
Date: November 21, 2017
USDJPY testing major resistance, prepare to sell
Sell below 112.69. Stop loss at 113.19. Take profit at 112.00
Reason for the trading strategy (technically):
Price is now testing major resistance at 112.69 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong drop from this level towards 112.00 support (Fibonacci extension, horizontal swing low support).
Stochastic (21,3,1) is seeing strong resistance below 97% where we expect a corresponding drop from.
Date: November 21, 2017
EURJPY profit target reached perfectly, prepare to sell
Sell below 132.77. Stop loss at 133.25. Take profit at 131.75.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We prepare to sell on major resistance below 132.77 resistance (Fibonacci retracement, Fibonacci extension, breakout level) for a push down to at least 131.75 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,3,1) is seeing major resistance below 96% where we expect a corresponding reaction from.
Date: November 21, 2017
NZDUSD dropping nicely, remain bearish for a further drop
Sell below 0.6834. Stop loss at 0.6846. Take profit at 0.6781.
Reason for the trading strategy (technically):
We look to sell on strength below strong resistance at 0.6834 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 0.6781 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees long term descending resistance holding price down really well.
USDCHF back up to test major resistance once again, prepare to sell
Sell below 0.9935. Stop loss at 0.9990. Take profit at 0.9847.
Reason for the trading strategy (technically):
Price has bounced up to our selling area once again and we look to remain bearish and sell on strength below 0.9935 resistance (Multiple Fibonacci retracement, pullback resistance) for a strong push down to at least 0.9847 support (head and shoulders exit potential, swing low support, Fibonacci extension).
Stochastic (34,3,1) is seeing major resistance below 96% where we expect a strong reaction from.
Date: November 21, 2017
EURUSD approaching major support, prepare to buy
Buy above 1.1692. Stop loss at 1.1613. Take profit at 1.1850.
Reason for the trading strategy (technically):
Price has been whipsawing around yesterday. We remain bullish looking to buy above major support at 1.1692 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 1.1850 resistance (Fibonacci extension, horizontal swing high resistance) once again.
Stochastic (34,3,1) is seeing strong support above 1.5% where we expect a bounce from.
Date: November 21, 2017
AUDJPY starting to bounce nicely, remain bullish
Buy above 84.57. Stop loss at 83.63. Take profit at 86.67.
Reason for the trading strategy (technically):
Price has started to bounce nicely off our major support as expected. We remain bullish looking to buy above major support at 84.57 (Fibonacci retracement, horizontal overlap support) and we expect to see a bounce above this level to push price up to at least 86.67 resistance (Fibonacci retracement horizontal pullback resistance).
Stochastic (34,5,3) is seeing strong support above 6.1% where we expect a bounce from.
Date: November 21, 2017
USDJPY testing major resistance, prepare to sell
Sell below 112.69. Stop loss at 113.19. Take profit at 112.00
Reason for the trading strategy (technically):
Price is now testing major resistance at 112.69 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong drop from this level towards 112.00 support (Fibonacci extension, horizontal swing low support).
Stochastic (21,3,1) is seeing strong resistance below 97% where we expect a corresponding drop from.
Date: November 21, 2017
EURJPY profit target reached perfectly, prepare to sell
Sell below 132.77. Stop loss at 133.25. Take profit at 131.75.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We prepare to sell on major resistance below 132.77 resistance (Fibonacci retracement, Fibonacci extension, breakout level) for a push down to at least 131.75 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,3,1) is seeing major resistance below 96% where we expect a corresponding reaction from.
Date: November 21, 2017
NZDUSD dropping nicely, remain bearish for a further drop
Sell below 0.6834. Stop loss at 0.6846. Take profit at 0.6781.
Reason for the trading strategy (technically):
We look to sell on strength below strong resistance at 0.6834 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 0.6781 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees long term descending resistance holding price down really well.