MTAcademy

MTAcademy

EURUSD TRADE IDEA (AUGUST 9, 2023) EURUSD is currently trading within a falling channel. Price is on it's way to kiss the top of the channel at 1.0989-95 area. A short position at this channel top will offer an amazing trade with great risk reward ratio. Your 'Stop loss' should be at 1.1017, and your targets should be at: 1.0930, 1.0915, 1.0890, and...

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XAUUSD found support at 1942.00 and has quickly reclaimed the 1952.00 key level and price has just closed above the July 28 falling trendline on the 1Hr Time Frame. A pullback to 1954.00 will offer Gold bulls a great long trade with above 1:2 Risk Reward ratio. Stoploss loss will be at 1949.80 Initial Target is 1963.50 Final Take Profit is 1975.50.

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Recently, the GBPUSD has been obviously bullish, marked by higher highs and higher lows in the daily time frame. The last few days has given us a descent pullback to the confluence of June 5 trendline and the market structure (previous high). GBPUSD found support at this confluence point bouncing off to print a bullish engulfing candlestick on daily time...

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The GBPAUD 4hours Time Frame has confirmed a typical Head and Shoulders Chart Pattern. The Neck region was broken and price rallied above it, but was rejected. Price is now below the neck, offering Pound Bears a mouth watering Short opportunity. Trade Idea: Entry: 1.9065 Stop: 1.9145 TP 1: 1.8860 TP 2: 1.8680

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GBPJPY formed a Double Bottom pattern on the 4Hr and 1Hr time frames with the left bottom at 179.47, right bottom at 179.73 and the neck region at 182.28. The height of the pattern is approximately 280pips. The neck region was broken to the upside on 21 July with price reaching 182.51. A pullback to the July 10 trend line at 181.20 was seen shortly. This trend...