As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1415. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.135. TP4: S2=1.13. Set the stoploss of these orders at breakout of R2=1.143. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
We got a good breakout with this pair last week and I'm looking to hop into a bearish trend continuation. I am looking for a drawback to where I believe tenken sen will be. I will not be setting this one as a pending order, instead I'll be watching for a move back up and a good rejection candle at tenken sen to help confirm it's time for a sell. I'm targeting a...
Short Term: to the top of the channel maybe after the move down, good risk to reward ratio: once tp 1 hits, trade becomes risk free Tp 1: 132.450 Tp 2: top of channel between 132.9-133.1
Morning traders! Today i'm here with an analysis about EUR USD . In 4h timeframe we can see that eur-usd is moving from 1 week into an ascending triangle , where 1.24 zone act as resistance and an ascending trendline that starts from the low around 1.23 acting as support. Obviously i'm waiting for a breakout , but at the moment in my opinion the possibility are...