As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1405. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1455. TP4: R2=1.1485. Set the stoploss of these orders at breakout of S2=1.139. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
This pair is on the correction between a narrow range. I think we still on this range with the Z-wave of triple combination.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.142. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.147. TP4: R2=1.1495. Set the stoploss of these orders at breakout of S2=1.141. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1375. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.1305. TP4: S2=1.127. Set the stoploss of these orders at breakout of R2=1.139. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
Midterm forecast: While the price is above the support 1.1300, beginning of uptrend is expected. We make sure when the resistance at 1.1615 breaks. If the support at 1.1300 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 1.15095 on 2018-05-29 and the...
Midterm forecast: While the price is above the support 1.1300, beginning of uptrend is expected. We make sure when the resistance at 1.1615 breaks. If the support at 1.1300 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 1.15095 on 2018-05-29 and the...
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...