Hey, I am back this time with another analysis. EUR/JPY has found support at Support area of 124.360 - 124.600 and from here is very likely to test 125.370 level, on which it can perform a Head and shoulders trend changing formation. Good luck with this trade! Tibor
If you took my trade setup last week, congrats we caught some pips baby!! This pair is currently in a bearish downtrend. The pair on this 4hr chart recently revisited the resistance area at 22.16913 which is currently holding. if we close below this resistance area, we may see a retest of the 21.91810 support zone and we may even see price head to support area 21.46403
Daily=Downtrend 4hr= Downtrend 1hr= downtrend Sl- 22.60893 Tp1- 2211947 Tp2- 21.89523 DON'T FORGET RISK MAMAGEMENT!! If you agree with the content please show us some support by following or leaving a like, thank you and good luck trading everyone!!!
Hey traders, hope all is well! Firstly, this Analysis of EURUSD is conducted also with reference to my previous Analysis of this currency pair which was uploaded on the 13th April, so please do check that out as well! Please like and follow my content to support more trade ideas/opportunities which i can share with you traders! Now, let's begin with the...
Hey guys, recently the market has been extremely unpredictable considering current market conditions and Its impact on a wide range of things such as Stocks, Commodities and Foreign Exchange etc. This is my first analysis conducted on a commodity; XAU/USD which should be really interesting! Please do not forget to follow/like my content for more trade ideas and...
Prices are moving between strong support and resistance until forming a potential double bottom, signalling a bullish reversal. Prices have hit the support and are expected to move toward 1.2400 before finding some resistance again. Like if you agree!
I already made a small joke about this head and shoulders looking more like a triple head in my previous analysis, and even though it did not play out very cleanly, we can see the right shoulder has been completed. The top ($1722) was slightly lower than you might have expected ($1740), but we are seeing a new downtrend starting now. I expect the price to follow...
First thing which we establish depicting the 4hr/TF of AUDUSD are the levels of support and resistance. Our vital Support level was present at approximately 0.63180, following our level of Resistance at 0.68550. Furthermore, @0.63400 we receive an insight of a Triple Moving Average crossover amongst 4, 9, and 18 day charts. Price then accelerates across moving...
GBPJPY reverse after fakeout on H1 time frame, Short @133.308, TP @132.478, SL @134.067
All info can be found on the chart. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me! - Trading Guru
Sell/Short start from Aussie session, TP @1.92878, SL @1.94508.. This position trade based on basic technical analysis such SNR levels, multiple time frames analysis and etc..
The price has hit this horizontal support before. We can see that this price level has been pivotal before. That's something that we can monetize using technical analysis. Place your stop loss not under the current support, but under the level 2 support. We don't know if the price will fall further, but the second level of support is much stronger than the first...
NFP: US Jobless claims soar above 6.6 million. In the middle term, EURUSD has been consolidating under the 200 SMA, indicating a bearish bias. However, it has rebounded from the 1.0800 figure suggesting a Bullish bias. Should we continue to see EURUSD rally, or will it tank soon? Let's wait for the weekly close to find out! Please like and follow my content to...
To begin with, AUDUSD has been extremely bearish for the last 2 months mainly due to economic uncertainty and a weak unemployment rate depicting an increase in the amount of COVID-19 cases across the country, also following the recent decline of the ASX. Now, let's talk technicals. According to the chart, price had a very significant rejection at @0.55677,...
Short for GBPUSD. Thank you.
Trading idea for USDJPY on tuesday 24/3/2020. Thank you. Entry point: 110.370 Take Profit: 111.508 Stop Loss: 109.466