So price is in a downtrend making lower lows but my stochastic is making higher highs. Classic pattern for a reversal, I did put a sell signal out on this trade on Friday but just spotted this and now stuck what to do😅. My thinking is if price does break my major resistance line I may look for sells as this divergence is suggesting a reversal. Appreciate it if...
Forex Trading are leveraged product & can result in the loss of your entire capital. Please ensure you fully understand the Risks involved.
My thoughts on silver.....I feel it will retrace to one of the indicted levels and if I see a set up I will post again. Plz don't take this trade unless it matches your set up and plz send me some feedback as I don't usually trade silver.
EOS is currently at 0.5 Fibonacci retracement level and possibly forming a H&S chart pattern... ..on the other hand several times the price rejected the support zone around 3.4 price level and currently it's above 50 EMA on 4H chart (on daily it's still below). It seems reasonable for me to start entering the market from current 3.8 price level with S/L below...
Due to fear around coronavirus japanese yen as safe-haven currency is strengthening... ...however Japanese economy is technically in recession and USDJPY has been moving north. Entering the market between 110.1-109.23 price zone with 113 T/P level provides decent opportunity for joining bulls. // Feel free to share your opinion/position via comment and follow...
False breakout occurred in GBPUSD below 1.288, so joining bulls between 1.288-1.2915 price zone with 1.3005 T/P provides decent R:R. // Feel free to share your opinion/position via comment and follow me to stay updated.
Japanese yen weakened around 1,5% against USD yesterday and i think it should continue it's trend... ...jumping in now would be fomo, so it's better to wait for better prices (which we might not get). Joining bulls from 110.65-111.05 price zone with 113.00 T/P provides decent R:R. Keep in mind that this idea might be realized in several days and opening long...
Trend reversal might occur in USDCAD.. ..the idea is based on strong price movement and breakdown of the resistance level around 1.326. Joining bears from 1.32615 price with 1.3276 S/L and 1.3202 T/P provides R:R around 4.1 // Feel free to share your opinion/position via comment and follow me to stay updated.)
On Friday there was a spike in EURUSD volatility and we could see dollar weakening. Joining bulls if breaking 1.0865 price level with 1.0845 S/L and 1.0916 T/P provides decent R:R. // Feel free to share your opinion/position via comment and follow me to stay updated.
RBA interest rate decision remained unchanged (0.75%), while the market was pricing interest rate cut.. that's why AUD is bullish at the moment.. ..however global uncertainty around China might put another selling pressure on AUDUSD. Joining bears from 0.674-0.6779 price zone with 0.665 T/P provides decent R:R (at least 2.31). // Feel free to share your...
This is the short scenario for gold, if price reacts in a way according to an arrow I am expecting it to follow through. However there is a bullish scenario always therefore don't rush into the trade. I will publish my bullish scenario if I can reach 10 likes?...….(il post it anyways).
This idea is based on that the market is already pricing rate cut in GBP, so it is possible that we are going to see a strong pull back in price and then buy out from the level around 1.2957.. it provides decent R:R for joining bulls with stops below 1.29 and take profit around 1.312. (R:R=2.86) If the rate remains unchanged it will be a positive scenario for GBP...
#1 pair on my watchlist for this week. Two things could happen: 1) If the market opens with a gap and breaks the trend line then I will BUY. 2) If the market respects the trend line I will SELL. "Comment", "Like" and "Follow" are appreciated! Have a good day everyone!
Hello guys, If you like my video and you agree please leave a comment. Thanks
AUDCAD IS FOLLOWING STRUCTURE FOR THE ABC PATTERN MEANING WE COULD HAVE A SELL OFF. FIBONACCI ALSO ALIGNS WITH THE SPECIAL POCKET OF 61.8 AND 71 LEVEL. STOP LOSS OF 25 PIPS WITH A GAIN OF MINIMUM 75 PIPS, 2ND TARGET IS 110 PIPS AND LAST TARGET IS 140 PIPS BARING IN MIND NFP ON FRIDAY WILL BE HUGE SO BE WEARY
Hey guys, I am just putting up my signal, not as a signal for you guys to follow through, but more for analysis and critiques. Feel free to say whatever the issue is, that's the only way people get better at what they do. I'd like to be in the same position for that to get better in creating my trading strategies, so go ahead and if you think my plan and/or...