$EURGBP BUY TRADE, LONG @ ANY LEVEL BETWEEN 0.72550 AND 0.7280 TARGET 0.7400 STOP LOSS @ 0.7200 Watch this space as I will be posting more ideas to support this view and I will also be frequently posting small short entry opportunities and possible scalp trades whilst the bigger trade unfolds. I provide signals service for free as a gesture of goodwill, and to...
after last good 2 weeks of bullish move , we have the fibo conf that the trend will last longer . FIBO 61% CONFLUENCE TRENDLINE CONFLUENCE KEY LEVEL WHICH NOW ACT AS SUPPORT SO THERE IS 75 PERCENT CHANCE FOR LONG POSITION , AS A CONFORMATION SIGNAL I WILL USE THE BREAK OF THE TRENDLINE LEVEL OF THE LAST MOVE
LOOKING FOR A BUYING OPPORTUNITY AT MY BUY ZONE WHICH IS IN CONFLUENCE WITH A FIB LEVEL AND A 3RD TOUCH OF THE TREND LINE. A BREAK OF THIS BUY ZONE WILL LEAD DOWN TO MY NEXT BUY ZONE. FUNDAMENTALLY THIS TRADE IS ONLY GOING IN ONE DIRECTION IN THE LONG TERM BECAUSE THE BOE (BANK OF ENGLAND) STATED THAT THEY ARE CLOSER TO RAISING RATES WHICH IS EXPECTED TO BE THE...
look for bullish price action between 1.95000 and 1.94656 which is also in confluence with the 0.5 and 0.618 fib level. first target at 1.97000/swing high
EUR/USD was initially pressured to the downside but then reached new highs in another volatile week. I expect continuation higher toward 1.1564 area initially. The round level of 1.15 has a psychological impact and it did work as a support in past. If the support holds around 1.1290/1310 area i will prefer buying the pair.
ANY PULLBACKS INTO THE RED ZONE I'LL BE LOOKING FOR A BUYING OPPORTUNITY. THE POUND WAS UNDER PRESSURE FOR A COUPLE DAYS BECAUSE THERE WAS UNCERTAINTY BECAUSE OF THE ELECTION. NOW THAT THE ELECTION IS DONE SOME OF THAT UNCERTAINTY WILL BE REMOVED WHICH WILL STRENGTHEN THE POUND. ON THE FLIP SIDE OF THINGS CANADA ELECTION IS COMING UP THIS AUTUMN SO I EXPECT THE...
using the BUY ALERT to tell me to get long with weekly calls / longer term as well for $132.50 re test Nice area of confluence showing market structure / EMA with risk below $120
Right now we can see that the price has hit a key support level. I predict this will be the start of a bullish trend.
I bought a small position on AUDJPY. Why? The price hit major support level. The risk reward ratio is good. Tomorrow Japan is going to publish some important data e.g. Trade Balance, Imports/Exports and Foreign Investments. You can wait for conformation. But I think from a technical point it is OK to go long. Entry: 92.800 TP1: 94.00 TP2: 95.65 SL: 90.7
The last time based Line on the 1 hour was a buy signal we then entered the ichimoku cloud and exited it as well. The Take Profit target is 1.27 below the top of the bearish bat.
price is pulling back into nice structure level which would be a good opportunity to get long. Buyers are clearly defending this level as they dont want price to drop into the area where Canada cut interest rates. I.ll be watching for a buy signal at this level eg bullish hammer or engulfling pattern. My long term target is still at 1.30 but i.ll be targeting...
GBPJPY found support at the 178.0 level. If you zoom out to weekly chart you would see a huge upward trend channel started back in 2012. It's a good opportunity that the trend holds and we see a upward move. From the fundamental point both National Banks BoE and BoJ are holding their interest rates at a record low. TP1 185 TP2 189.4 SL 177
After a quick decline from 1.52 area. EURAUD found support at 1.40 and heading higher. I presume it will go much higher than now. Therefore I buy that pair at multiple support area. Furthermore ECB decided to start their QE program in the next weeks. I think it will push EURAUD much higher. Also Australians unemployment rate decreased by 0.1 percentage points...
You decide your trade!!
Here we have a bull cypher pattern presenting itself.. Those interested, enter long at buy zone at your own discretion and using your own methods of confirmation.. Others may prefer to enter agressively at limit, just make sure you manage your risk accordingly. I chose 2 targets of my preference, moving SL to BE after locking profits at 1st target might be a good...
UPDATE: We saw really bad data from eu and germany (ZEW Economic Sentiment ) today. I took a small profit & will postpone my long position. I aspect a downturn to 86-85 region. The german DAX is in a decending trend channel. Actually we saw some soft and bad data (Sanctions against Russia, PMI and Ifo) coming from the EU and Germany witch lead the DAX to 87XX...
Some days ago I published a similar idea () which still looking good picking up more significat "pivot points".