EUR/GBP, Daily chart: Resistance zone + "Evening Star" candles pattern + Overbought + Divergence on RSI(14)
Hello! I have an possible short setup for GBP/USD on the Daily chart . As you can see, the lower keltner channel has been tagged, and a bear flag has emerged. Price action has retraced so far around 40%. (possible) Entry price: 1.2516 (possible) Stop loss: 1.2604 (possible) 1st profit target: 1.2442 ( pivot low of the trend leg) *use a trailing stop for...
We are looking at a potential sell here in eurusd because as we can see the price has broke below the channel and retested the channel again so this is a good apportunity to short this pair the upcoming week
EURGBP has to Break the Rising wedge pattern Successfully we little bit late to take them but no problem still there Good Risk to Reward Ratio. In Major time frame, EURGBP is making Channel pattern which has properly test the resistance level looks like making a reversal and in the 4hrs time frame we have caught the Rising wedge pattern Break down. Just Follow...
*) Red Line : Monthly Key Level Yellow Line : Weekly Key Level Green Line : Daily Key Level There are two potential plan 1) Price will touch Weekly Key Level before go to orange box (0.97000) area as short target 2) Price will make price action structure to short at this current level - Monthly and Daily key Level Both plans are for short...
NZDUSD possible short. My setup is Entry 0.6677 Stop 0.6699 Take profit 0.6588
AUDUSD weakness has indeed proved to be corrective as suspected, with the market surging higher for a break above the .7036 high of Monday to negate the bearish “reversal day”, and we maintain our view we are on the cusp of seeing a base complete. A close above the June high at .7023 and then .7036 remains needed to confirm a base and an important turn higher...
This is a short term trade in EURAUD , after breaking the ascending trendline , we believe that momentum would likely continue to the downside, therefore we will be sellers if price moves to the 1.61484 level.
as indicated last Sunday it was time for a good retracement for gbpjpy 138,000 is still respected which is a very important key level, which is an indication that this is the possible new '' lower high '' to form a new lower low, may be to continue our bearish path. also in this case it is important to see how the asia / london session is going to form and if we...
bearish momentum on this pair. we can see previous support become resistance plus formation of double top pattern
Uptrend line breakout, Double top completed and retest
Trading idea for EURUSD h4 first pullback should confirm shorts. Trading idea with educational purpose, use price action confirmation.
EUR/NZD currency pair might just form a double top pattern, if the right conditions are met. Price is showing little signs of exhaustion,but it is too early to count any birds from the eggs. Key levels are as below: Resistance: 1.70713 Support: 1.63540 If price drops, we might catch some major pips though.
Hey Traders! US30 Has successfully filled its "gap" caused by this ongoing trade war *cough cough - excuse* And now we are seeking liquidity at the lower levels before we get confirmation of the trade setup we are looking for to see price make a new all-time high. Right now my eyes see 25800 as a significant area however I am expecting further consolidation...
As we take a look at GBP/CAD in the short term. We currently have formed a HTF Supply Pivot and a LTF Supply Block within our price structure. I am expecting price to target our HTF Support area for a +100 pip drop. Idea invalidated if we break and close above our green supply area. Twitter - Telegram
Hello, this is our point of view about USD/CHF
Hi traders, USDCHF give us a great option to go short next week. The 3 indecion candles at the new resistance show us that the seller take control now. The 2nd signal to sell it now is the RSI divergence what is in creation now and the 3rd signal to sell is that the price leave the boilinger band now at the daily chart. Have a good weekend. Your Stefan Forex
We are currently developing a 2nd correction within this bear run. There is a H&S formation forming within this correction that is telling me we may have some impulsive moves to come within the next day or two. TARGET is 1.1180 where we will then see what the market shapes up for us at that point. NOTE: I am keeping in mind that we may see a third touch of this...