Hi traders, A long wick has been left outside of the Bollinger Band, wonderful spike with the Bollinger Bands having the perfect angle. I entered the trade as soon as the candle closed with my profit target set at the 50% Fibonacci level. If the next candle goes against me, I will be closing the trade, otherwise I will put it to break-even. We have a slight...
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Here is another scenario if we adjust our wedge a little - the break will confirm which way we go. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
We were long on AUDNZD from 1.03 and hit our TP yesterday at 1.09 where we touched the EMA200 as expected on the weekly time frame, however, the recent bullish move has shown strong signs of even a further bullish move and I cannot resist to re-entering, even if it is a Thursday evening before the last Friday of the month + Bank holiday weekend!! A closer look...
Hello Traders, Price is forming trend continuation pattern, look for sell as much higher as you can. You can buy for short term but it is very risky. Good luck! Cheers, Jonas
Hello Traders, Price is respecting the bottom trend line. We have an impulse and now price is forming trend continuation pattern. Watch for buy as much low as you can. Good luck! Cheers, Jonas
Buy above 1.0491. Stop loss at 1.0430. Take profit at 1.0606. Reason for the trading strategy (technically): We look to buy above major support at 1.0491 (Fibonacci retracement, Fibonacci extension, long term horizontal support, bullish divergence) for a push up to at least 1.0606 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic...