Posts Tagged ‘between’
USDJPY stays in a trading range between 76.60 and 77.32. Lengthier consolidation in the range would likely be seen in a couple of days. Key resistance is at 77.32, a break above this level will confirm that the fall from 78.21 had completed at 76.60 already, then further rise to test 78.27 resistance could be [...]
GBPUSD traded in a range between 1.5561 and 1.5779 for several days. One more fall to test 1.5423 support is still possible, a breakdown below this level could signal resumption of the downtrend from 1.6164. Key resistance is now located at 1.5779, above this level will confirm that the downtrend from 1.6164 had completed at [...]
EURUSD stays in a trading range between 1.3653 and 1.3914. As long as 1.3653 support holds, the price action in the range is treated as consolidation of uptrend from 1.3146, and one more rise to 1.4000 is still possible. On the other side, a breakdown below 1.3653 could indicate that the rise from 1.3146 had [...]
GBPUSD traded in a range between 1.5631 and 1.5851 for several days. As long as 1.5631 support holds, the price action in the range could be treated as consolidation of uptrend from 1.5272, another rise to 1.6000 is still possible. On the other side, a breakdown below 1.5631 will indicate that lengthier correction of uptrend [...]
AUDUSD moved sideways in a range between 1.0102 and 1.0371. As long as 1.0102 key support holds, the price action in the range is treated as consolidation of uptrend from 0.9390, and one more rise to 1.0500 is still possible. On the other side, a breakdown below 1.0102 support will indicate that a cycle top [...]
This is a question I received from a new trader who has been learning about how I trade. It’s an interesting question – especially during these times where the lack of a bullish or bearish Directional bias on many majors – is increasingly driving me personally to the shorter-term, intaday time frames.
I think it posed [...]
USDCHF stayed in a trading range between 0.8275 and 0.8550 for several weeks. The price action in the range is treated as consolidation of longer term downtrend from 0.9774 (Feb 11 high). Further fall to test 0.9275 would likely be seen after a minor consolidation, a breakdown below this level will signal resumption of the [...]
AUDUSD traded in a range between 1.0477 and 1.0715 for several days. Resistance is at the upper border of the price channel on 4-hour chart. As long as the channel resistance holds, the price action in the range is treated as consolidation of downtrend from 1.0773, and a breakdown below 1.0477 will signal resumption of [...]
USDCHF stays in a trading range between 0.8747 and 0.8945. Another rise to test 0.8945 resistance would likely be seen later today, a break above this level will indicate that the uptrend from 0.8553 has resumed, then next target would be at 0.9100 zone. Support is at 0.8747, only break below this level will indicate [...]
It’s not a matter of “top picking” as I am not in the least interested in getting short.
I’m certainly not looking for a near-term fade either since the short-term time frame that I could consider are still in roaring mark up trends.
With solid green GRaB candles on the daily and a “twelve to two o’clock” [...]
