Reasons For -We formed a triangle formation having multipale bounces on either side -We broke to the upside -We have got our retest which is key in my strategy and has put in bullish movement -Price has put in bullish hammer and then followed by two strong bullish candle clearly showing momentum to the upside Daily -We can see 3 bullish candles we are in...
Reasons for -Firstly on 4 hour chart we clearly see a down trend which has been broken -We can also see price has broken major trend line which acted as RES -Since we made the low of around 1.41000 we have put in Higher highs and lower high -This signifies a possible new trend forming -Also if we look at the Trend line acting as Support we have had our...
USDCHF has finally met my set up after a long waiting. The market is on a strong uptrend (based on 200ema) It has experienced a pull back and currently the price is on the buy zone (the space between 20ema and 40ema) There is now waiting. I will take a long position targeting 20 pips. Lets wait and the if the market will favour us.
GBPJPY WEEKLY BUY GBPJPY WEEKLY BUY OPPORTUNITY, WELL IT WILL BE RETEST FOR SHORT,
GBPUSD WEEKLY BUY PIN BAR We can get the opportunity in buy fever with the GBPUSD WEEKLY BUY PIN BAR
We can place buy stop on the breakout of doji bar. it has retouch the broken level and formed doji.
Reasons for - We are clearly up trending - We are putting in higher highs and lower highs - We are getting nice swing highs and structure - Previous 4 hour candle was a bullish hammer (Bullish candle) - We have nice long wicks to the downside which signals more buying power - We are above key level of 0.75000 Daily - We put in a huge Bullish engulfing last...
Reasons for 1.Price has been stuck in box range for a few weeks now 2. 1.08000 Level is a strong level of support as the past has shown 3. Price has put in a bullish hammer and a bullish engulfing 4 .Price also put in a sign of reversal with a tweezer bottom 5. All these signs signify a reversal and possibly momentum to the upside
Follow the pair and if the price falls to around 1.4300, creates false break followed by divergence look to buy. Target 1: 1.4480 Target 2: 1.4600 Stop Loss: if the pair fails to move higher and breaks the last low created before entering the trade OR below 1.4250.
Reasons for 1.price has been trending up 2. price broke major RES level 3. now price came back and retested the level and put in a major bullish candle 4. price has put in a bullish engulfing taking out 8 hours of downside movement 5. price ready to make a higher high ?
The pair has created a bullish convergence. At least in the shorter term i think the EURJPY is going up. So wait for a double wave correction down near the 50% fibonacci retracement zone and a bullish candle on the M15 chart in this area in order to get into a buy. Target 1: 128.00 Target 2: 128.80 SL: below 127.80
Is there any significant to tell there will a change takes place from down trend into up ones. The answer simply is YES....indeed ..but how?!!! Let's start with indicators , 1-Stoch. as shown has been reached the over bought area 2 times during 2 months(Oct 2015,DEC2015,Red Circles) .Is that means something..YES specially when we see the Stoch never reach this...
Coming News for Consumer Price Index will be negative which will push Gold upto 1080+
Wait for double wave correction near the H1 trend line and support zone around 0.7250-60 Target 1: 0.7350 Target 2: 0.7380 Stop Loss: Break and close below 0.7170
Following my post from yesterday, the market has now come back a little little deeper than where i said it would but it's still a valid long trade in terms of the structure trade i posted yesterday and if you're a pattern trader instead, the market has given you another alternative by forming another gartley pattern which has just completed. I'm still gonna be...
Target 1: 1.0800 Target 2: 1.0950 Stop Loss: Break and close below 1.0500 or the last low created before the wedge pattern is broken
If the price creates another low on the H4 chart along with bullish divergence we can go for a buy. Target 1: 0.6540 Target 2: 0.6650 Stop Loss: Break and close below the trend line and support area on the daily chart.