NZD has been the strongest currency for the past week and the CAD has been inconsistent with its fundamental direction but it seems to now be more on the weak side, so there should be enough buy pressure in this market to break our daily zone to the upside. but why is the NZD strong? well they have dealt with covid very well and have opened up a travel bubble with...
GBPUSD H4 Sold off perfectly from our 1.40 handle, real sticking point resistance price. Sold off with ease down to 1.39, 100 pips without a H4 pullback. Now starting to see a bit of a correction. Need to break 1.39 support and then we could set our eyes on potential moves down to 1.38.
As you can see, it is in an uptrend channel, according to the ADX indicator, there is no dominant trend in the market, and the Stochastic RSI oscillator is not yet in the extreme sales range. If we define a good time to take a long position, it is the time when we are at the bottom of the canal and in the Stochastic RSI oscillator, it will deliver to a Golden...
As you can see, he lost a support and is likely to return to his trend line, and now he has a return to regain his lost support. If he can not get back his lost support, the probability of returning to the trend line is doubled. Despite this strong resistance, there is a possibility that the trend line will be lost, but if the trend line maintains itself, it will...
Hello Trader, good mood and profitable trades ! As you can see on the chart, I expect a bullish move similar to February AUD/USD Long Fractal RSI Gan Entry 0.77230 TP1 0.78148 TP2 0.79044 TP3 0.79591 TP4 0.79914 Remember that things can change too . If you like this idea , support me with likes and comments !! Dyor...
USDCHF - Intraday - We look to Sell at 0.9179 (stop at 0.9196) Daily signals are mildly bearish. Price action is forming a bearish flag which has a bias to break to the downside. Previous support, now becomes resistance at 0.9190. We look for a temporary move higher. A break of yesterdays low would confirm bearish momentum. Our profit targets will be...
After 15 days of bullish run, and a DOJI candle on the daily, this pair is due for a corrective move. Expect a push up to retest the resistance level before a drop to our first support level, which is also a level where we spotted a Shaven Bottom candle. If that level breaks then we can expect a move lower as marked on the chart. Happy Trading folks! Cheers!
EurUsd looks to be continuing to ascend. So I went long @ 1.20363. Let’s see what happens. Hopefully it continues for my sake lol. What you guys think?
GBPCHF is bullish on the daily, and based on MACD pattern, an initial cross above or below zero line usually follow by a pullback. Hence this trade on a pullback to fill the Shaven Head Candle on the hourly chart. If you don't know by now, a Shaven Candlestick is basically similar to a GAP.
EURUSD - Intraday - We look to Sell at 1.2069 (stop at 1.2087) Daily signals are mildly bearish. Bearish divergence is expected to cap gains. A lower correction is expected. Preferred trade is to sell into rallies. Our profit targets will be 1.2016 and 1.1996 Resistance: 1.2070 / 1.2100 / 1.2120 Support: 1.2060 / 1.2040 / 1.2020
Ascending triangle , it shows to be a bit overbought, so I would like to get in when it drops back to support and hopefully it shows to be a support and I'll enter.
Afternoon traders. UK dinner time New York getting well under way also and our strategy has presented a trade. Working one of my preferred pairs here EURCAD on the 30M time frame. The strategy is working to a 1:2.8 risk reward ratio and as always back test data is at the foot of the idea. The data shown is based on £10000 starting capital and risking 1% per...
NZD has been the strongest currency for the past few days now and the USD has been the weakest on our fundamental calculator. so we are looking for a potential long on NZD/USD. we have seen price break a significant area of sensitivity and now we are seeing exhaustion, this will now require our entry confirmation before we place a trade on this, we will be...
Those of you who followed, in the morning you can now see how price respected our markup to the downside. Though the price is yet to hit our TP but it has provided more than +71 Pips already. Trading like the banks is the best forex strategy you will ever need to succeed in forex. SIMPLE.
The JPY continues to strengthen? No, the dollar is falling at an ever-increasing rate. As you can actually see from the chart, the JPY future is stable; it is not rising. When you operate on a money market, it is always good to seek confirmation in other instruments and therefore do an intermediate market analysis. Since the dollar is also involved in...
GOLD - As per the price action, trend lines , & technical indicators gold is expected to go up from the current price. My approach will be a buy here at current price 1768 Potential upside target 1776 - 1782 Maintain stop loss around 1758 Trade as per your risk appetite, I will be glad to see your likes & comment. Why you should follow this tradingview account...