Reasons- 1) Recent downside breakout making the noob traders open short positions. 2) Bank likely to book profits there and creating huge demand. 3) Stop losses of the bears getting triggered will also fuel the rally. 4) Monthly support is far important than daily support. 5) Buying long near the lower Bollinger band itself brings more odds in our favour 6)...
Reasons- 1) Trading above 200 ema & Ichimoku cloud on weekly and daily. 2) Pullback/dips to the trendline. 3) Failed downside breakout of the H1. 4) Going with the trend and bears trapped. Kindly trade at your own risk. Good Luck ^_^
Reasons- 1) Trading above the 200 ema & Ichimoku cloud on the weekly & daily. 2) Selling came at the weekly resistance but all supply absorbed. 3) Bears trapped and likely to have their stop loss above the recent high. 4) We enter where the bears are having their stop loss so that we can have a small stop loss with high reward potential. 5) Going with the trend...
Reasons- 1) Trading below the 200 ema on weekly. 2) Rejection from the upper trendline of daily and weekly. 3) Formed "W" bearish harmonic pattern on the H4. 4) Noobie traders likely to go long as on the daily it seems to be an upside breakout+retest, not knowing we ready to steal their money :) 5) Bearish divergence on daily (rsi) 6) Good Reward:Risk Kindly...
CONFLUENCE OF WEEKLY HORIZONTAL AND TRENDLINE BASE SUPPORT. SIMPLE PRICE ACTION. REJECTIONS FROM H4 SUPPORT SIGNALLING BULL RECLAIMING~
4hr chart made a double bottom and all indicators look really good for a trend reversal to 0.618 at least. Will update as we go. Please like and share
Hi Guys, EURGBP will will continue to the upside. Watch lower time frame for flags to join the trade before breakout or tag the trendline. If it bounces from the trendline expect a bigger correction before buying. Trade with care Good Luck
As the year is beginning, we noticed that a new session of trade is taking place, we expect the pound pair to continue its trend downtrend, it gave a channel up pattern which is a great sign to for a downtrend continuation, we expect it to continue down till it the last lows is been cleared
REASONS- 1)FALSE DOWNSIDE BREAKOUT 2)DOJI CLOSE 3)INVERTED HAMMER CLOSE AT SUPPORT ON WEEKLY. 4) LIKELY TO A PROFIT BOOKING LEVEL FOR THE POSITIONAL BEARS. KINDLY TRADE AT YOUR OWN RISK. GOOD LUCK ^_^
False upside breakout above the resistance. Simple price action this time ^_^ Kindly trade at your own risk. Good Luck
Reasons- 1) Rejection from the lower trendline. 2) Bears are expected to book profits here and bulls are expected to open new long positions here. 3) Stop hunting has been witnessed on the H4 and H1 timeframe. 4) Double bottom chart pattern. 5) Good RRR 6) Slope of shorter period exponential moving averages have changed the course from downward sloping to...
This pair broke beautifully out of this setup Next candle retested and succeeded, giving safer entry point Broke to upside hit resistance, like most FX trades do, they swing back and take stops that have been moved to trailing stops Then they accelerate upwards again! Looking for more clean setups right now... If you are in this trade, my take profits would be...
eurusd long or buy stop : 1.21492 take profit : 1.22076 if you using trailing stop use this 120
gold h4 possible entry please follow me and support me for more analysis
very easy play.. I will buy when it retests the neckline.. big buy coming