I have been stalking a short of EURUSD. (Well, who doesn’t?). However, I prefer to see price pushing a little further before establishing short. Let’s see. As the chart shows, we have confluence of channel, hamornic pattern. And if you notice, it is retesting the previous trend lines. OK, here is the….. CHART!!!!
A bearish harmonic setup is observed while NZDUSD is retesting the broken trend line. Bias remains short for now.
Here is another potential swing trade setup I have been looking at. $AUDNZD is testing the established down trend line, and with completion of bearish ABCD formation. I expect price to face resistance at this level. I’ll be watching price action closely next week to confirm my thought. Here is the….CHART!
Her is another simple technical setup. I thought this is a beautiful chart. Unintentionally, I have turned this blog into a chart library. Well, not a bad idea. Anyway, watching this symmetrical movement into resistance zone. At the time of posting, the pair starts moving down during early Asian session…let’s see how it goes. Here […]
So, long weekend is over, and I am back to my trading desk. EURJPY caught my eyes, and potentially, I am looking at short setup in the area near 121, and next will be looking at 123. Here is the …. CHART!