NzdUsd has been in a uptrend since late september of 2015. Recent weeks priceaction broke a KEY resistance area and price looks to be in a "stairstep pattern" with equal moves up and down. So IF price repeat itself 1 more time we should have a good risk vs reward setup on our hands. Order: Buystop at 0.6812 Stoploss: 0.6750 TP: 0.7045 1 : 3.45 RvR
EURGBP IN SUPPORT, WAIT CONSOLIDATION IN SUPPORT AND BUY.
I do advanced elliott wave analysis for the biggest banks and hedge funds in 3 different countries. There's a lot of confusion on what a proper elliott wave count is for FX:AUDNZD and I see a lot of people making mistakes here. So here's what the big banks are using and I've written an explanation for each level that I have displayed. Share this chart with...
Nice bullish Gartley pattern completion on the EURJPY. If the markets don't gap below the initial impulse leg at the open, I'll be looking to get long. This is a good opportunity to ride the midterm bullish momentum. Happy Trading!
The fundamentals are still bearish at the moment, thanks to global oversupply. The weakness in WTI is caused by the moderately declining U.S. production, increase in the output of OPEC and the return of Iran to the world stage, as sanctions were lifted. The fears of further oil decline are further overlined by the decision of Saudi Arabia and Kuwait to restart...
AUDJPY has finally broken out of a two week triangle, lifting above 85.880 and is signaling further gains to initial target of 86.420 & 86.700 & finally 87.840. Intraday dips should attract buyers, only a move below the lower triangle trendline will the breakout be considered a failure. Our algorithm is putting the odds of hitting price targets at 62% over the...
On weekly chart a Triple Cycle has been completed. This is why it is preferred to look for long opportunities in the mid-short term. There is a trend line from the bottom. If the pair reaches it and creates divergence near it we can try a long position. Target 1: 86.00 Target 2: 86.80 Stop Loss: 10 pips below the trend line support area.
Clean Buy signal provided by fibonacci retracements + support/resistance.
A nice correlation trade between GBPJPY and USDJPY is forming. The two pairs are currently trading with a spread of 550 Pips, the widest spread since the end of January. Our algorithm is giving a 79% chance of GBPJPY coming in and a 74% chance of USDJPY rising. With that said we will be going Short GBPJPY at market and Long USDJPY at market. NO STOP will be...
If we see a close above the trend line I feel we coudl see a break to the upside. Good solid support in place
Structure Base Trade Guyz With Structure support Double Bottom. we could see the market to retest the previous support now resistance
EURAUD H1 after a bullish convergence completed a nice 5 wave retrace back to support zone. Buy market aiming resistance level @ 1.5173 SL below support 1.4680
Go long the FTR if it trades at 5.41 or higher. If triggered, place your stop at 4.96 and exit the position for a profit at 5.75 or at your own discretion. (Signals are valid for today only. Always invest wisely). Learn the rules of this strategy at: www.udemy.com
Go long the VLE if it trades at 3.96 or higher. If triggered, place your stop at 3.57 and exit the position for a profit at 4.24 or at your own discretion. (Signals are valid for today only. Always invest wisely). Learn the rules of this strategy at: www.udemy.com
Upside to stay in focus following recovery from the 1.08260 low last week though strong resistance at the 1.10460 and 1.10680 area keeping gains in check for now. Clearance needed of the latter to trigger stronger recovery to retrace recent steep drop from the 1.13760 high. Support now at 1.09400 then the 1.09000 level. Here at Unique Forex we pride ourselves...
This pair is threatening further downside pressure as it ended last week giving back all the gain from the previous week. Sitting on a short-term uptrend line as the RSI and Awesome Oscillator diverge from the pairs uptrend over the past 5 weeks. A break of support at 0.77000 leaves room to run down to 0.76000 - 0.75500. We will be giving price action some room...
Go long the NMBL if it trades at 8.23 or higher. If triggered, place your stop at 6.61 and exit the position for a profit at 9.12 or at your own discretion. (Signals are valid for today only. Always invest wisely). Learn the rules of this strategy at: www.youtube.com