Looking to see if GBP can pullback to hunt for some liquidity before pushing lower, could possibly be a decent trade to the upside for about 50-60 pips but I find that when market sell-off they sell hard and fast don't want to be on the side where there is a clear downtrend on the H1 chart. Will see how this one plays out next week. #gbp #gbpnzd #gbpnzdshort
Hi Guys, let’s make a full top-down analysis of this pair, we will take the trade if all the conditions of the strategies are satisfied. Press the like Button to support this video and let me know in the comment section if you have any questions.
Description As you can see, it is between support and resistance and has formed an ascending channel to touch the resistance and is currently at the bottom of the ascending channel. If we take a closer look, it has broken a bearish wedge, which is also a sign of rising prices, and is expected to touch its resistance in the next few days.
Long on the EURUSD Price 1.20745 TP 22 pips SL 33 pips OANDA:EURUSD
It's a short trade on Gold once it breaks below our trendline. Although the weekly and daily chart is still bullish, a big move is bound to happen - either up or down! But I like it when it falls. Happy Trading folks! Cheers.
Aussie Dollar is still bullish on the daily and weekly chart, and depending on today's price action... if today we close near the top then this short trade will not be valid. However, if price pushes higher and fills the "Shaven Top" Candle - as marked on the chart - and then rejects that level.. then we'd short it all the way down. Happy Trading folks! Cheers!
Price has been trending in a descending channel. Looking for a reversal from this area. Use proper risk management.
The Kiwi Dollar looks strong and it's quite bullish especially for this pair. Although we anticipate this pair to go higher, we'll just look to TP at the target.
A bounce off the 50EMA on the daily offers great support for this long trade to fill the Shaven Top Candle at first target... then the second higher target if all goes well. Happy Trading folks! Cheers!
DOLLAR Index turning positive after a decline for quite some time. A good possibility that this is the beginning of an uptrend for KING DOLLAR! Happy Trading folks! Cheers! :)
Description As you can see, it is in an ascending channel and by hitting the bottom of the canal, it provides the possibility of re-ascending to the ceiling of the Channel. Can be seen We have to wait to see if we will climb after hitting the bottom of the channel Or losing the trend line.
From this chart, gold price seems like has potential to move for long for a short period to complete the reversal pattern before it drop since current price is in weekly resistance area.
USDJPY is trading in expanding wedge pattern . it is trading at very support level of pattern . According to chart pattern analysis , we might see upside move in usdjpy from current level. one can initiate long trade with risk management system and stop loss
Looks like price may continue up to that next major level of support in pink.
AUDUSD looks interesting for Buys as long as that area holds above
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The euro is still looking strong versus the usd. I’m still leaning towards the long position currently still in long position. Let’s see what it does.