Swing Trading ideas - page 41

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Maria Mahomedally
924
Maria Mahomedally  
EURUSD remains in the short term downtrend from 1.1570, the bounce from 1.1450 would possibly be consolidation for the downtrend. Further decline is still possible and next target would be at 1.1400 area. Near term resistance is at 1.1500, only a break of this level could trigger another rise towards 1.1600.
Maria Mahomedally
924
Maria Mahomedally  
GBPUSD is facing 1.2930 resistance, a break of this level would indicate that the upside movement from 1.2396 has resumed, then further rise towards 1.3000 could be seen. Near term support is at 1.2780, below this level could bring the price back to 1.2740 area.
Maria Mahomedally
924
Maria Mahomedally  
EURUSD broke above 1.1425 resistance, suggesting that the downside movement from 1.1570 had completed at 1.1289 already. Further rise could be expected in a couple of days and next target would be at 1.1500 area. Near term support is at 1.1390, a breakdown below this level could bring the price back to 1.1350 area.
Maria Mahomedally
924
Maria Mahomedally  
EURUSD extended its upside movement from 1.1289 to as high as 1.1450. Further rise is still possible after a minor consolidation and next target would be at 1.1500 area. Support is at 1.1400, below this level could bring the price back to 1.1350 area.
Maria Mahomedally
924
Maria Mahomedally  
EURUSD extended its upside movement from 1.1289 to as high as 1.1501. Further rise is still possible after a minor consolidation and next target would be at 1.1550 area. Support is located at the bullish trend line on the 4-hour chart, only a breakdown below the trend line support could signal completion of the uptrend.
Maria Mahomedally
924
Maria Mahomedally  

GBPUSD is facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.3217 could be treated as consolidation for the uptrend from 1.2396, another rise towards 1.3300 could be expected after the consolidation. Only a breakdown below the trend line support could signal completion of the uptrend.


Maria Mahomedally
924
Maria Mahomedally  
EURUSD remains in the uptrend from 1.1289, the pullback from 1.1514 is likely consolidation for the uptrend. As long as 1.1406 support holds, the upside movement could be expected to resume, a breakout of 1.1514 resistance could trigger another rise towards 1.1600 area. Only a breakdown below 1.1406 support could signal completion of the uptrend.
Maria Mahomedally
924
Maria Mahomedally  
EURUSD moved sideways in a trading range between 1.1406 and 1.1514. The price action in the range is likely consolidation for the uptrend from 1.1289, further rise to 1.1600 area is still possible after the consolidation. On the downside, a breakdown below 1.1406 support would indicate that the upside movement had completed at 1.1514 already, then another fall towards 1.1300 could be seen.
Maria Mahomedally
924
Maria Mahomedally  
GBPUSD is facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the fall from 1.3217 could be treated as consolidation for the uptrend from 1.2396, another rise towards 1.3300 could be expected after the consolidation. However, a breakdown below the trend line support would indicate that the upside move had completed at 1.3217 already, then the pair would find next support at around 1.2950.
Maria Mahomedally
924
Maria Mahomedally  
GBPUSD broke below 1.2940 support, suggesting that the upside movement from 1.2396 had completed at 1.3217 already. Deeper decline could be expected in a couple of weeks, and next target would be at 1.2500 area. Resistance levels are at 1.3040 and 1.3217, only break above these levels could trigger another bullish movement towards 1.3500.
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