4H
After missing out on 2 perfect trades on USDZAR, i'm trying to get involved in this new opportunity.
Corrective approach towards entry zone.
= Buy limit.
1.5% risk.
Aiming to take full profit at Daily TP.
If you're anyhow familiar with exotic markets you know how volatile prices are. A great example was this last week when we had the price of TURKCELL (Ticker: TCELL) move +20% in total. This was mainly due to an unexpected increase in earnings and revenue, 7.60% and 4.56% respectively. In terms of earnings and revenue surprises, last quarter we had a bad one which...
USDZAR showing some nice bullish momentum with a flag break, expecting to hit big zone of supply up at the peaks. Expecting a pullback/intraday retracement along the way before we rocket upwards.
TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
Hello traders!
Today we will talk about USDMXN pair, in which we see quite clear bearish pattern from Elliott wave perspective.
Looking at the daily chart, we can see a nice three-wave W-X-Y corrective rally within a higher degree wave (IV) and correction looks to be completed after recent sharp decline, which looks to be unfolding five waves down from the highs...
Russian Central Bank raise rates and we get boost of RUB longs against XXX pairs.
With such energy prices and fools rulers in European Union that developed recently spot market natural gas instead of Long Term contracts (as China btw did) we can expect further strength of RUB against other currencies.
What is the main risks for this long RUB positions?
The main...
MY PRICE PREDICTION FOR USD-INR IS 78.550 – MID JULY 2021 AND 80.555 BY JAN 2022 (LONG TERM BUY IDEA)
CURRENT MARKET IS ON A STRONG UPTREND. IN THE SHORT TERM THE CURRENT UP TREND MAY BREAK AT 74.650 WHICH 50% OF THE FIB LEVELS AND GO DOWN TO 73.330 WHERE THE ORDER BLOCK IS & FROM THE WE CAN EXPECT A LONG TERM BUY ENTRY OPPORTUNITY
POSSIBLE BUY OPPORTUNITY IS...
USDCNH rebounded from major uptrendline
MACD shows start of bullish momentum
we r waiting price to exceed key level at 6.5560 to open long trade
It's expected to target level 6.6000
USDMXN broke downtrendline
Price is based above key level at 20.5560
Price is based on HVN at level 20.6670 which indicates that pair is in accumulation phase
MACD shows weakness in bearish momentum
It's expected to target resistance level at 20.9320
Firstly, if your broker doesn't have a decent spread that you think you can work with, forget about this.
Price is currently at an area of strong S/R.
I see an M formation.
Multiple Harmonic Patterns have completed from this area, others well within PRZ.
With every trade comes risk, however Exotics provide more risk than usual. But I do think this is a...
USDSGD is trading in uptrend
Pair is based above key level at 1.3330
above HVN at level 1.3292
Above SMA 100
MACD shows weakness in bearish momentum
It's expected to target resistance level at 1.3415
Buy Op
Daily/4Hr
Price has been in a downtrend but it is looking like we may have a reversal/breakout happening.
The 50MA has crossed over the 200MA on the 4hr and may be pulling back to the 200MA on the Daily.
Will be looking for my buy entry on the higher low/50MA on the 4hr chart and 1hr for candle confirmations.
Entry AREA 1.33360
SL 1.33008 (35Pips)...
USDCNH retested broken uptrendline
Price rejected from 50% Fibonacci level at 6.4768
Price is based below HVN at level 6.4670 which indicates that pair is in distribution phase
Below SMA 100
MACD shows start of bearish momentum
It's expected to target key level at 6.4389
Pair rebounded from key level at 14.8945 with strong bullish movement
Price broke upper edge of falling wedge pattern
Above SMA 100
It's expected to target resistance level at 15.3760
USDCHF ended bearish Elliot wave 5 at level 6.4115
Pair is forming inverted head and shoulder pattern
MACD shows start of bullish momentum
RSI is in uptrend
we r waiting price to exceed resistance level at 6.4575 and SMA 100 to open long trade
It's expected to target minor downtrendline at level 6.4800
Clear bullish teacup on a monthly timeframe showing clear handle too. The H4 bullish channel with an inverse HnS is further confirmation to look for entry buy opportunities on M15.
![TCELL: 7.77% in 7 days in Turkey [Exotic Markets] {Turkcell}](https://s3.tradingview.com/l/LsIIrQtx_mid.png "7.77% in 7 days in Turkey [Exotic Markets] {Turkcell}")
