Majors parovi-Intra Bank Profesionalni Sistem-Wall Street closed price

[Darko Milovanovic]

We expect counter-trend move up to 0.8 area before broader down-trend resumes.

[Darko Milovanovic]

Range trading between 115.82 and 120.46.We are neutral but expect larger up-trend to continue at some point.

[Darko Milovanovic]

From here it looks like we are in the process of reversal.We expect Pound to outperform Dollar in the near term before larger bear trend resumes.Wait for PA buy signal or buy on establishing a new high.

[Darko Milovanovic]

So,we have a few new signs that bear trend might resume.First of all,big Bearish Engulfing pattern,second is area of former support now resistance at 1.5550 area,third is 50-100 daily SMA resistance area and fourth is a bear flag.BUT,we have to wait for clear breakout of that bear flag to establish a short position.However,keep in mind that fundamentals are supporting Pound for now.

[Darko Milovanovic]

Just take a look how big is reward on the short side.But wait until a breakout.

[Darko Milovanovic]

Aussie is squeezed by uncertainty of next week RBA rate decision-rate cut or not?From technical and pure trading perspective I am personally both Long and Short with good RTR potential on both sides.We have Bearish Engulfing pattern but also a Pin Bar on long side.Main goal is to trade your strategy following your plan while managing your risk,so,who really cares about RBA decision?!

[Darko Milovanovic]

Euro is NOT establishing new lows so far so entering Short is not an option at the moment.Also,entering long is madness from fundamental point of view.Play PA signals from range boundaries and listen Spice Girls old albums :-)))

[Darko Milovanovic]

Do not touch it. Just don't. Wait for breakout hoping that would be on the Long side and buy it until 130. Of course,if we enter some nuclear crises between USA and Russia until then buy Yen and run for cover.Listen some old Spice Girls albums then also.

[makarona365]

Urnebesna tragedija 

Thank you so much if you can for our illiterate something in our language to write, though this is Serbian forum.

[Darko Milovanovic]

 Of course I can but I won't because is you are trading Forex English language is absolute must know.A sto se tice komantara na srpskom to je vise Bozanstvena komedija     

Urnebesna tragedija 

Thank you so much if you can for our illiterate something in our language to write, though this is Serbian forum.

[Darko Milovanovic]

Don't get too excited with this correction.Down-trend still intact. Rectangle is a trend continuation pattern,so,wait to sell.Second resistance area is 0.8000-0.8250

[Darko Milovanovic]

Down-trend still intact.Wait for Price Action sell signal and look to stay with the trend all the way to parity level.Alternatives still bad idea from fundamental and Risk to Reward perspective

[Darko Milovanovic]

Conflicted clues.First support zone comes in 118.30-119.30 area.Major resistance is 121.80 area.Don't be a fool,wait to buy on  a new high.

[Darko Milovanovic]

Conflicted clues.First support zone comes in 118.30-119.30 area.Major resistance is 121.80 area.Don't be a fool,wait to buy on  a new high.

[Darko Milovanovic]

Down-trend still intact. Do not get involved in poor risk to reward trades against the trend.Best way to trade possible Pound strength would be through EURGBP short trade.