...and here's an updated chart as posted top of page of the EUR/USD over the 2 Yr interest rate differential... it's still trucking south, "Mind the Gap"
Attached Image (click to enlarge)
Nearly Naked (Simple Trades)
- #11,743
- Jun 25, 2014 6:44am Jun 25, 2014 6:44am
- Joined May 2009 | Status: step into liquid | 3,460 Posts
- #11,751
- Oct 23, 2019 11:32am Oct 23, 2019 11:32am
- Joined Dec 2009 | Status: Nil Desperandum | 389 Posts
Hi All
Chart below shows S/R levels on the NZD/USD 4H chart. There is some significant Fib confluence at 0.6448 - 0.650 level and major S/R here too. Price should reacted well at this level and provide a short opportunity.
Potential long leading up to the 0.650 would be from 0.64351.
Also potential long from the top of the recently resolved supply/demmand zone (or bucket as Billy Ray Valentine would say) at 0.63542.
Chart below shows S/R levels on the NZD/USD 4H chart. There is some significant Fib confluence at 0.6448 - 0.650 level and major S/R here too. Price should reacted well at this level and provide a short opportunity.
Potential long leading up to the 0.650 would be from 0.64351.
Also potential long from the top of the recently resolved supply/demmand zone (or bucket as Billy Ray Valentine would say) at 0.63542.
Nil desperandum
- #11,753
- Oct 31, 2019 4:29am Oct 31, 2019 4:29am
- Joined Dec 2009 | Status: Nil Desperandum | 389 Posts
Hi All Chart below shows S/R levels on the NZD/USD 4H chart. There is some significant Fib confluence at 0.6448 - 0.650 level and major S/R here too. Price should reacted well at this level and provide a short opportunity. Potential long leading up to the 0.650 would be from 0.64351. Also potential long from the top of the recently resolved supply/demand zone (or bucket as Billy Ray Valentine would say) at 0.63542. {image}
Nil desperandum
- #11,754
- Oct 31, 2019 7:12am Oct 31, 2019 7:12am
- Joined Jul 2009 | Status: The Alchemist | 8,917 Posts
Looking at the SP500; Currently bullish with a pullback level at 3022.4 that jumps out (previous all time highs ). Based on the current situation this is my preferred level to go long. I would also look at this level to short scalp if price breaks down from these all time highs.
Further down the chart I have marked 2960 and 2932 as levels to catch either a short term bounce or take a longer swing trade.
Further down the chart I have marked 2960 and 2932 as levels to catch either a short term bounce or take a longer swing trade.
Nil desperandum
I have updated my charts for the NZD/USD and AUD/USD. I see some potential short trades on the AUD/USD 4H depending on price action and events over the next week or so.
0.699 - 0.700 has acted significant S/R and I would expect a reaction of this level, particularly in light of the current downtrend. Targeting 50-100 pips if this develops into a trade.
0.699 - 0.700 has acted significant S/R and I would expect a reaction of this level, particularly in light of the current downtrend. Targeting 50-100 pips if this develops into a trade.
Nil desperandum
Pretty straight forward pull back to a reliable S/R level at 1.1062 - 65. Second lower level level at 1.1000. {image}
Nil desperandum
