"Stolid" manual trading system by Suirad - page 8
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Nzd/usd
Price approaching downward trendline with strong bullish momentum. Would love to see kind a correction at least. Sell order @ 0.7710.
Regards
Usd/chf
Look how exactly price rejected from downward trendline. Besides, broke upward channel. So this could be a sign of a bearish trend continuation? Probably yes. Plus rate hike on Euro. No opened orders so far. Will try to enter the market at retest of a channel / resistance zones.
Regards
Eur/usd
Bullish trend intact. Price broke recent resistance - buy limit at this level @ 1.4253. All can be changed after ECB rate decision. Would like to see price fall to support level, before expecting rate hike.
Regards
Nzd/usd
NZD/USD in a tight rising wedge and it looks like time is coming for this wedge to be broken. It would be a great correction signal if this wedge would be broken with a candle close below lower trend line. However, considering of bullish trend, buyers might be searching for entry points.
Regards
Usd/chf
Sell limit at resistance @ 0.9140. TP1 - 50 pips. Trail other half position with trend.
GBP/USD stopped at fibonacci 61.8 level
GBP/USD found new high 1.6425 near top trend line and fell exactly to 61.8% fibonacci level at 1.6240 (200 pips drop), which was drawn from last low to new high on 4 hour chart. This is happening because of weak dollar, so traders is searching for long entries against weak dollar. Dollar index broke major low of March 2008.
EUR/GBP Buy Limit at support; Bullish channel
Pair ranges in a bullish channel, broke resistance, so we are looking for long entries only. Plus long term bullish trend.
Buy Limit at previous resistance, now support @ 0.8852. TP1 - 50 pips. TP2 - near last major high of October 2010 - 85 pips. SL could be for about 20 pips
USD/CAD upward trend line on bearish trend
Turned to lower time frame to see some detailed view and this pair is rising nicely on a upward trend line on H1 chart. Longer term trend is bearish, so what we are looking is for a breakout of that upward trend line. This could be a sell signal.
GBP/CHF consolidating in a symmetrical rectangle
Look how symmetrical this pair is consolidating in a rectangle. Rectangle upper line - 1.4630; lower line - 1.4538. Rectangle range - 92 pips. Okay, trend is bearish, so we would like to see a breakout down lower line. Sell Stop - 1.4530.
NZD/USD bullish channel stopped at 0.8000
NZD/USD bullish channel continues and found resistance at 0.8000. If price breaks this level, possible long entries on pullback. Support levels at 0.7745 and 0.7840.