#1.5000

SELL EUR/NZD 1.4934 TP1 1.4900 TP2 1.4870 STOPLOSS 1.5000

The post SELL EUR/NZD 1.4934 TP1 1.4900 TP2 1.4870 STOPLOSS 1.5000 appeared first on CTCFM.

CTCFM

New Post has been published on http://u.to/-FU_DQ

Commerce Concept : GBP/USD - Purchase at 1.5000

GBP/USD – 1.5029

Most recent candlesticks pattern   : N/A

Trend                                 : Near term down

Tenkan-Sen level                 : 1.5043

Kijun-Sen level                    : 1.5070

Ichimoku cloud top              : 1.5111

Ichimoku cloud bottom        : 1.5032

Original strategy :

Buy at 1.5020, Target: 1.5150, Stop: 1.4985

Position : –

Target :  –

Stop : –

New strategy  :

Buy at 1.5000, Target: 1.5120, Stop: 1.4965

Position : –

Target :  –

Stop : –

As the British pound has remained under near term pressure, suggesting downside risk remains for the fall from 1.5159 top to extend weakness to 1.4995-00 (61.8% Fibonacci retracement of 1.4895-1.5159), however, as a temporary low has been formed at 1.4895 last week, reckon downside would be limited and bring another rebound later, above 1.5075-80 would bring test of 1.5115-2 but break of latter level is needed to signal the pullback from 1.5159 has ended, bring retest of this level, above there would extend the rise from 1.4895 low to 1.5165-70 (61.8% Fibonacci retracement of 1.5336-1.4895) and then towards previous resistance at 1.5190.

In view of this, we are inclined to buy cable on subsequent pullback as 1.4995-00 (61.8% Fibonacci retracement of 1.4895-1.5159) should limit downside. Below 1.4970-75 would defer and suggest first leg of rise from 1.4895 has ended and risk weakness to 1.4950 but reckon 1.4920-25 would hold, bring another rebound later.

New Post has been published on http://u.to/-FU_DQ

Commerce Concept : GBP/USD - Purchase at 1.5000

GBP/USD – 1.5029

Most recent candlesticks pattern   : N/A

Trend                                 : Near term down

Tenkan-Sen level                 : 1.5043

Kijun-Sen level                    : 1.5070

Ichimoku cloud top              : 1.5111

Ichimoku cloud bottom        : 1.5032

Original strategy :

Buy at 1.5020, Target: 1.5150, Stop: 1.4985

Position : –

Target :  –

Stop : –

New strategy  :

Buy at 1.5000, Target: 1.5120, Stop: 1.4965

Position : –

Target :  –

Stop : –

As the British pound has remained under near term pressure, suggesting downside risk remains for the fall from 1.5159 top to extend weakness to 1.4995-00 (61.8% Fibonacci retracement of 1.4895-1.5159), however, as a temporary low has been formed at 1.4895 last week, reckon downside would be limited and bring another rebound later, above 1.5075-80 would bring test of 1.5115-2 but break of latter level is needed to signal the pullback from 1.5159 has ended, bring retest of this level, above there would extend the rise from 1.4895 low to 1.5165-70 (61.8% Fibonacci retracement of 1.5336-1.4895) and then towards previous resistance at 1.5190.

In view of this, we are inclined to buy cable on subsequent pullback as 1.4995-00 (61.8% Fibonacci retracement of 1.4895-1.5159) should limit downside. Below 1.4970-75 would defer and suggest first leg of rise from 1.4895 has ended and risk weakness to 1.4950 but reckon 1.4920-25 would hold, bring another rebound later.

New Post has been published on http://u.to/-FU_DQ

Commerce Concept : GBP/USD - Purchase at 1.5000

GBP/USD – 1.5029

Most recent candlesticks pattern   : N/A

Trend                                 : Near term down

Tenkan-Sen level                 : 1.5043

Kijun-Sen level                    : 1.5070

Ichimoku cloud top              : 1.5111

Ichimoku cloud bottom        : 1.5032

Original strategy :

Buy at 1.5020, Target: 1.5150, Stop: 1.4985

Position : –

Target :  –

Stop : –

New strategy  :

Buy at 1.5000, Target: 1.5120, Stop: 1.4965

Position : –

Target :  –

Stop : –

As the British pound has remained under near term pressure, suggesting downside risk remains for the fall from 1.5159 top to extend weakness to 1.4995-00 (61.8% Fibonacci retracement of 1.4895-1.5159), however, as a temporary low has been formed at 1.4895 last week, reckon downside would be limited and bring another rebound later, above 1.5075-80 would bring test of 1.5115-2 but break of latter level is needed to signal the pullback from 1.5159 has ended, bring retest of this level, above there would extend the rise from 1.4895 low to 1.5165-70 (61.8% Fibonacci retracement of 1.5336-1.4895) and then towards previous resistance at 1.5190.

In view of this, we are inclined to buy cable on subsequent pullback as 1.4995-00 (61.8% Fibonacci retracement of 1.4895-1.5159) should limit downside. Below 1.4970-75 would defer and suggest first leg of rise from 1.4895 has ended and risk weakness to 1.4950 but reckon 1.4920-25 would hold, bring another rebound later.

New Post has been published on http://u.to/-FU_DQ

Commerce Concept : GBP/USD - Purchase at 1.5000

GBP/USD – 1.5029

Most recent candlesticks pattern   : N/A

Trend                                 : Near term down

Tenkan-Sen level                 : 1.5043

Kijun-Sen level                    : 1.5070

Ichimoku cloud top              : 1.5111

Ichimoku cloud bottom        : 1.5032

Original strategy :

Buy at 1.5020, Target: 1.5150, Stop: 1.4985

Position : –

Target :  –

Stop : –

New strategy  :

Buy at 1.5000, Target: 1.5120, Stop: 1.4965

Position : –

Target :  –

Stop : –

As the British pound has remained under near term pressure, suggesting downside risk remains for the fall from 1.5159 top to extend weakness to 1.4995-00 (61.8% Fibonacci retracement of 1.4895-1.5159), however, as a temporary low has been formed at 1.4895 last week, reckon downside would be limited and bring another rebound later, above 1.5075-80 would bring test of 1.5115-2 but break of latter level is needed to signal the pullback from 1.5159 has ended, bring retest of this level, above there would extend the rise from 1.4895 low to 1.5165-70 (61.8% Fibonacci retracement of 1.5336-1.4895) and then towards previous resistance at 1.5190.

In view of this, we are inclined to buy cable on subsequent pullback as 1.4995-00 (61.8% Fibonacci retracement of 1.4895-1.5159) should limit downside. Below 1.4970-75 would defer and suggest first leg of rise from 1.4895 has ended and risk weakness to 1.4950 but reckon 1.4920-25 would hold, bring another rebound later.

New Post has been published on http://u.to/-FU_DQ

Commerce Concept : GBP/USD - Purchase at 1.5000

GBP/USD – 1.5029

Most recent candlesticks pattern   : N/A

Trend                                 : Near term down

Tenkan-Sen level                 : 1.5043

Kijun-Sen level                    : 1.5070

Ichimoku cloud top              : 1.5111

Ichimoku cloud bottom        : 1.5032

Original strategy :

Buy at 1.5020, Target: 1.5150, Stop: 1.4985

Position : –

Target :  –

Stop : –

New strategy  :

Buy at 1.5000, Target: 1.5120, Stop: 1.4965

Position : –

Target :  –

Stop : –

As the British pound has remained under near term pressure, suggesting downside risk remains for the fall from 1.5159 top to extend weakness to 1.4995-00 (61.8% Fibonacci retracement of 1.4895-1.5159), however, as a temporary low has been formed at 1.4895 last week, reckon downside would be limited and bring another rebound later, above 1.5075-80 would bring test of 1.5115-2 but break of latter level is needed to signal the pullback from 1.5159 has ended, bring retest of this level, above there would extend the rise from 1.4895 low to 1.5165-70 (61.8% Fibonacci retracement of 1.5336-1.4895) and then towards previous resistance at 1.5190.

In view of this, we are inclined to buy cable on subsequent pullback as 1.4995-00 (61.8% Fibonacci retracement of 1.4895-1.5159) should limit downside. Below 1.4970-75 would defer and suggest first leg of rise from 1.4895 has ended and risk weakness to 1.4950 but reckon 1.4920-25 would hold, bring another rebound later.

New Post has been published on http://u.to/-FU_DQ

Commerce Concept : GBP/USD - Purchase at 1.5000

GBP/USD – 1.5029

Most recent candlesticks pattern   : N/A

Trend                                 : Near term down

Tenkan-Sen level                 : 1.5043

Kijun-Sen level                    : 1.5070

Ichimoku cloud top              : 1.5111

Ichimoku cloud bottom        : 1.5032

Original strategy :

Buy at 1.5020, Target: 1.5150, Stop: 1.4985

Position : –

Target :  –

Stop : –

New strategy  :

Buy at 1.5000, Target: 1.5120, Stop: 1.4965

Position : –

Target :  –

Stop : –

As the British pound has remained under near term pressure, suggesting downside risk remains for the fall from 1.5159 top to extend weakness to 1.4995-00 (61.8% Fibonacci retracement of 1.4895-1.5159), however, as a temporary low has been formed at 1.4895 last week, reckon downside would be limited and bring another rebound later, above 1.5075-80 would bring test of 1.5115-2 but break of latter level is needed to signal the pullback from 1.5159 has ended, bring retest of this level, above there would extend the rise from 1.4895 low to 1.5165-70 (61.8% Fibonacci retracement of 1.5336-1.4895) and then towards previous resistance at 1.5190.

In view of this, we are inclined to buy cable on subsequent pullback as 1.4995-00 (61.8% Fibonacci retracement of 1.4895-1.5159) should limit downside. Below 1.4970-75 would defer and suggest first leg of rise from 1.4895 has ended and risk weakness to 1.4950 but reckon 1.4920-25 would hold, bring another rebound later.

New Post has been published on http://u.to/k1UyDQ

Commerce Concept Wrap-up: GBP/USD - Purchase at 1.5000

GBP/USD – 1.5124

Most recent candlesticks pattern   : N/A

Trend                                 : Near term down

Tenkan-Sen level                 : 1.5117

Kijun-Sen level                    : 1.5091

Ichimoku cloud top              : 1.4995

Ichimoku cloud bottom        : 1.4985

Original strategy :

Buy at 1.4980, Target: 1.5080, Stop: 1.4945

Position : –

Target :  –

Stop : –

New strategy  :

Buy at 1.5000, Target: 1.5150, Stop: 1.4965

Position : –

Target :  –

Stop : –

Yesterday’s rally above previous resistance at 1.5126-36 signals a temporary low has been formed at 1.4895 earlier this week and consolidation with upside bias is seen for retracement of recent entire decline and gain to 1.5165-70 (61.8% Fibonacci retracement of 1.5336-1.4895) and possibly towards previous resistance at 1.5190 would be seen, however, near term overbought condition should limit upside to 1.5235-40 today, bring retreat later.

In view of this, would not chase this rise here and would be prudent to buy cable on subsequent pullback as 1.5000 should limit downside. Below the lower Kumo (now at 1.4985) would abort and signal the rebound from 1.4895 has ended instead, risk weakness to 1.4950 first.