Hi traders, I was just going through my posted charts and I spotted that I had drawn this trendline. We not have a retest of this trendline, combined with structure, this is a good entry to me. Entry: 0.99359 Stop: 1.00388 Target: 0.97803 = R:RR 1.51 Best of luck! Will be updating this chart.
We hope that our analysis can help you in your trading. This is an update for GBP/USD, it is predicting for PRICE BREAKOUT. It would be a great idea to BUY on 1.42575 and place your TARGET at 1.42825
EMA's starting to fan out int he bullish position. Looking for a trend bounce to the upside. Good long position up to 1.43800
USDCAD still favors down move and looking up on 8 hr; it comes up in a downward channel and does indicate a hint it can use another minor new low towards 2800 handle for triple bottom and a lift off.. i.imgur.com USDCAD 8 hr - Downward channel hinting at triple bottom scenario - 3040-5X holds fortify the view.. i.imgur.com USDCAD Daily - Extended supp & a...
EURAUD.. Shows bullish grind with 5170-8X looks tempted to get a test now.. lnkd.in lnkd.in EURAUD 4 hr - We playing higher than the recent break of the channel between T2 and T3...
Hi all, After booking some good pips on a short position on XAUUSD this week, I am now looking for a long entry. Entry: 1244.4 Stop: 1233.37 Target 1: 1263 Target 2: 1284 Best of luck!
Hi all, Today the CADCHF has hit the trendline. This is a good entry for a short position. ----------------------------------- INFO ON THIS TRADE Entry: 0.747 (current market price) Stoploss 0.7605 Target 1: 0.724 (Risk:Reward = 1 : 1.5) Target 2: 0.699 (Risk:Reward = 1 : 3.34) When being 100 pips in profit, move stoploss to...
EURCAD shows signs that it's going to its downwards trend. With an evening star popping up right at the top of the trendline, we can expect the trend to continue lower. The next resistance identified is 1.45210. I expect prices to hit that point before EURCAD makes it's next move. For more daily signals and analysis, please follow me. As well don't be afraid to...
Hi all, As I wasn't expecting such a big move up on a friday, I did not have time to post this chart yet. I expect the price to go back up a little bit more to the 15.85 area. This is a good position to go short. ----------------------------------- INFO ON THIS TRADE Entry: 15.85 Stoploss 16.389 Target 1: 15.3 (Risk:Reward = 1 : 1.05) Target 2: 14.445...
HI all, The EURUSD is hitting the nearest trendline. There are 2 posibilities here: 1. Wait for a confirming candle to the upside 2. Wait for a 4h candle to close below the trendline, then make an entry short. Best of luck!
I am still short US30 Break of - 17300 Next target Daily support - 17146 The indices seem to be taking a hit from the sneak devaluation of the Chinese currency, however the technicals have been indicating further downside momentum for a while now. Dow is looking in very bad shape, along side the DAX which has opened lower and still dropping, some nice pips to be...
I have drawn some trend lines that I think will come in to play as the actions goes on. I am strongly bearish on EurUsd now. but you can take an entry from any of these trendlines retest or break. just watch out for these levels and watch how price action builds up there. For now its strongly bearish.
I don’t publish all my trades obviously, but every day I am a couple of hours in the forex chat, where I share thoughts about the market and pairs I am watching. The chat provides a more instant way to share views by posting quick charts of trade ideas in real time. Last Thursday I posted a snapshot of a EURGBP setup -before going short- when price was smack in...
EURJPY: Strong bear candle appear after price touched trendline. Bearish candle is 299 pip in height, the longest among 6 previous candle. SL is placed at the top of the bearish candle.
Higher highs and higher lows on the monthly, clearly we can see the market has obeyed this this trend line for very long TIME, we have many confluences to support a reversal in this pair.